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of <h1>CAS 17 Standard: Guidelines for Classifying and Assigning Interest and Financing Charges in Cost Statements</h1> The Cost Accounting Standard (CAS 17) on Interest and Financing Charges outlines principles for classifying, measuring, and assigning interest and financing charges to ensure uniformity and accuracy. It applies to cost statements requiring disclosure of such charges, excluding risk management costs via derivatives. Key definitions include assets, cost objects, and imputed costs. The standard mandates that interest charges directly related to qualifying assets be included in asset costs, while excluding imputed costs and penal interest. Costs are assigned based on cause-effect or benefits received principles. It requires detailed disclosures in cost statements and became effective from April 1, 2014.
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