Cost Accounting
Cost Accounting Standards, cost audit rules, cost records, costing methods and product costing.
- Cost Accounting Standards
- Cost Audit Rules
- Cost Record Maintenance
- Costing Methods
- Product Costing
CAS-2: capacity determination and the cost of idle capacity
Installed, normal and actual capacity under CAS-2, how fixed overheads are absorbed, and why idle capacity cost is kept out of product cost.
Published 9 Nov 2026 · Reviewed 9 Nov 2026 Cost Accounting StandardsCAS-4: cost of production for captive consumption
How CAS-4 measures the cost of goods consumed captively, what is included and excluded, and how it is used for GST valuation of transfers between related or distinct persons.
Published 9 Nov 2026 · Reviewed 9 Nov 2026 Cost Accounting StandardsCAS-6: measuring material cost
How material receipts and issues are valued under CAS-6, treatment of taxes and credits, normal and abnormal losses, and common errors in material costing.
Published 9 Nov 2026 · Reviewed 9 Nov 2026 Cost Accounting StandardsCAS-7: employee cost in product costing
What forms part of employee cost under CAS-7, how it is assigned to products and departments, and treatment of idle time, overtime and retirement benefits.
Published 9 Nov 2026 · Reviewed 9 Nov 2026 Cost Accounting StandardsCost Accounting Standards (CAS 1 to CAS 24): an overview
What each of the 24 Cost Accounting Standards issued by The Institute of Cost Accountants of India covers, and when they apply.
Published 9 Nov 2026 · Reviewed 9 Nov 2026 Cost Audit RulesCost audit: when it applies and what the company must file
Turnover thresholds, regulated and non-regulated sectors, exemptions and the CRA-2, CRA-3 and CRA-4 timeline under the Companies (Cost Records and Audit) Rules, 2014.
Published 9 Nov 2026 · Reviewed 9 Nov 2026 Cost Audit RulesThe cost audit report: Form CRA-3 and filing in CRA-4
Structure of the cost audit report, the annexure, the timelines for submission to the Board and filing with the Central Government in XBRL.
Published 9 Nov 2026 · Reviewed 9 Nov 2026 Cost Record MaintenanceMaintaining cost records in Form CRA-1
What Rule 5 of the Companies (Cost Records and Audit) Rules, 2014 requires, what Form CRA-1 contains, and how to keep records that hold up at cost audit.
Published 9 Nov 2026 · Reviewed 9 Nov 2026 Costing MethodsJoint products and by-products under CAS-19
How joint costs are apportioned between joint products, how by-products are credited, with an example from sugar manufacturing.
Published 9 Nov 2026 · Reviewed 9 Nov 2026 Cost Record MaintenanceReconciling cost and financial profit
Why profit per cost records differs from profit per financial accounts, the usual reconciling items, and a worked reconciliation statement.
Published 9 Nov 2026 · Reviewed 9 Nov 2026