Administrative overheads standard sets measurement, assignment, presentation and disclosure rules for cost statements and cost object allocation. Cost Accounting Standard on administrative overheads prescribes the principles and methods for classification, measurement, assignment, presentation and disclosure of administrative overheads in cost statements. Administrative overheads are the cost of general management and administration, excluding production overheads, marketing overheads and finance costs. The standard covers measurement of such overheads, their assignment to cost objects on the basis of cause and effect or benefits received, separate presentation in cost statements, and disclosures relating to subsidies, recoveries, abnormal costs, penalties, related party services and changes in accounting principles.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Administrative overheads standard sets measurement, assignment, presentation and disclosure rules for cost statements and cost object allocation.
Cost Accounting Standard on administrative overheads prescribes the principles and methods for classification, measurement, assignment, presentation and disclosure of administrative overheads in cost statements. Administrative overheads are the cost of general management and administration, excluding production overheads, marketing overheads and finance costs. The standard covers measurement of such overheads, their assignment to cost objects on the basis of cause and effect or benefits received, separate presentation in cost statements, and disclosures relating to subsidies, recoveries, abnormal costs, penalties, related party services and changes in accounting principles.
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