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Administrative Overheads

CAS - 11 - Companies Law - CAS - 11 - CAS - 11 The following is the COST ACCOUNTING STANDARD - (CAS-11) issued by the Council of The Institute of Cost and Works Accountants of India on "". In this Standard, the standard portions have been set in bold italic type. This standard should be read in the context of the background material which has been set in normal type. 1. Introduction 1.1. This standard deals with the principles and methods of determining the . 1.2 This standard deals wi .....

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ding those requiring attestation. Definitions 4. The following terms are being used in this standard with the meaning specified. 1[4.1 Abnormal cost: An unusual or a typical cost whose occurrence is usually irregular and unexpected and/ or due to some abnormal situation of the production or operation.] 2[4.2 Absorption of overheads: Absorption of overheads is charging of overheads to Cost Objects by means of appropriate absorption rate.] Overhead Absorption Rate = Overheads of the Cost object / .....

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d.] 4.5 Finance Costs: Costs incurred by an enterprise in connection with the borrowing of funds. This will include interest and commitment charges on bank borrowings, other short term and long term borrowings, amortisation of discounts or premium related to borrowings, amortisation of ancillary cost incurred in connection with the arrangements of borrowings, finance charges in respect of finance leases, other similar arrangements and exchange differences arising from foreign currency borrowings .....

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s: Overheads comprise of indirect materials, indirect employee costs and indirect expenses which are not directly identifiable or allocable to a cost object.] 5. Principles of Measurement 5.1 shall be the aggregate of cost of resources consumed in activities relating to general management and administration of an organisation. It usually represents the cost of shared services, cost of infrastructure and general management costs. comprise items such as employee costs, utilities, office supplies, .....

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ouse, purchased, licensed or customised), including up-gradation cost shall be amortised over its estimated useful life. When hardware requires up-gradation along with software up-gradation, it is recommended that compatible estimated lives be used for the two sets of cost. 5.4 The cost of administrative services procured from outside shall be determined at invoice or agreed price including duties and taxes, and other expenditure directly attributable thereto net of discounts (other than cash di .....

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of the . 5.8 Credits/ recoveries relating to the including those rendered without any consideration, material and quantifiable, shall be deducted to arrive at the net . 5.9 Any change in the cost accounting principles applied for the measurement of the should be made only if it is required by law or for compliance with the requirements of a cost accounting standard or a change would result in a more appropriate preparation or presentation of cost statements of an organisation. 6. Assignment of .....

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