PPT-COST ACCOUNTING STANDARDS

CAS 2 4 6 7 8 9 10 11 amp 16 List of Cost Accounting Standards CAS No Title Effective Date Revised Date CAS 1 Classification of Cost Revised 2015 CAS 2 Capacity Determination. Material Consumed 2 Direct Wages and Salaries 3 Direct Expenses 4 Works Overheads 5 Quality Control Cost 6 Research Development Cost 7 Administrative Overheads relating to production activity 8 Total 1 to 7 9 Add Opening stock of Work in Progress By Phil Rickard. Associate Professor of Accounting, Mount Vernon Nazarene University. What is U.S. Accounting Convergence?. Accounting Harmonization. Relates to the process of substantially standardizing the rules and regulations for international securities and the related accounting principles across . COST MANAGEMENT BASICS. 1. Agenda. Accounting Overview. Financial Accounting. Budgetary Accounting. Management Accounting. Output Costs. Transfer Pricing. 2. Accounting Overview. 3. “is the production of financial records about an organization. Accountancy generally produces financial statements that show in money terms the economic resources under the control of management; selecting information that is relevant and representing it faithfully. The principles of accountancy are applied to accounting, bookkeeping, and auditing.. . Cost Accounting: . Foundations & Evolutions, . 9e. . Kinney and . Raiborn. Learning Objectives. What are the relationships among financial, management, and cost accounting?. What are . the sources . Frederick D. S. Choi . Gary K. Meek. Chapter 4: . COMPARATIVE . . ACCOUNTING: . The Americas and . . Asia. Learning objective:. COST MANAGEMENT BASICS. 1. Agenda. Accounting Overview. Financial Accounting. Budgetary Accounting. Management Accounting. Output Costs. Transfer Pricing. 2. Accounting Overview. 3. “is the production of financial records about an organization. Accountancy generally produces financial statements that show in money terms the economic resources under the control of management; selecting information that is relevant and representing it faithfully. The principles of accountancy are applied to accounting, bookkeeping, and auditing.. Damania & Varaiya. 1. Roadmap to IND AS. Damania & Varaiya. 2. INDIAN ACCOUNTING STANDARD 16. PROPERTY, PLANT & EQUIPMENT. Damania & Varaiya. 3. Applicability. Inclusions. Tangible items that are held for use in production or supply of goods or services, rental to others or administrative purposes.. Cost Accounting Principles, 9e. Raiborn. . ● . Kinney. Learning Objectives. What are the relationships among financial, management, and cost accounting?. What are . the sources . of authoritative pronouncements for the practice of cost accounting?. and . Conceptual Framework for Financial Reporting. ACCT-3030. 1. 1. Basic Definitions. What is accounting?. the identification, measurement, and communication of financial information. about economic entities. Definition and Governing Bodies. . GAAP PowerPoint #1. Generally Accepted Accounting Principles. Defined as the set of accepted industry rules, practices and guidelines for financial accounting . Includes the standards, conventions, and rules accountants follow in recording and summarizing transactions, and in the preparation of financial statements. . . Dr . harshdev. . verma. , department of commerce , . d.d.u.gorakhpur. university . gorakhpur. . .. By:. CMA . Pradip. . H.Desai. Cost Audit. Cost Audit is a . critical review . Undertaken . to verify the . correctness of Cost Accounts. , . A. scertain . the . accuracy of cost accounting records. Outputs. Processes. Inputs. Economic Events. Collecting. Measuring. Storing. Analyzing. Reporting. Managing. Special Reports. Product Costs. Customer Costs. Budgets. Performance Reports. Personal Communication. Organized by : . Vasai Virar CA CPE Study Circle of . of. The Western India Regional Council of the ICAI. By- . CA Hardik Chokshi. . Presentation outline – AS 1- AS 15.