Service cost centre costing under CAS-13 covers measurement, assignment, presentation, and disclosure requirements for cost statements. Guidance is provided on the principles and methods for determining the cost of a service cost centre under CAS-13 for use in cost statements and cost audit attestation. A service cost centre is treated as a distinct cost object, subject to materiality, and its cost includes direct and indirect costs attributable to services rendered, with special treatment for in-house services and contractor services. The note also requires appropriate assignment to user cost centres, separate presentation of material service centre costs, and disclosure of distribution bases, variances, related-party services, subsidies, abnormal costs, recoveries, 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.
Service cost centre costing under CAS-13 covers measurement, assignment, presentation, and disclosure requirements for cost statements.
Guidance is provided on the principles and methods for determining the cost of a service cost centre under CAS-13 for use in cost statements and cost audit attestation. A service cost centre is treated as a distinct cost object, subject to materiality, and its cost includes direct and indirect costs attributable to services rendered, with special treatment for in-house services and contractor services. The note also requires appropriate assignment to user cost centres, separate presentation of material service centre costs, and disclosure of distribution bases, variances, related-party services, subsidies, abnormal costs, recoveries, and changes in accounting principles.
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