The Standards
The original CASB adopted 19 standards, numbered 401 through 420 (419 was never assigned). The new CASB readopted the original 19 standards with only minor modifications, and has yet to adopt any new standards.
| Standard | Title |
|---|---|
| 401 | Consistency in Estimating, Accumulating and Reporting Costs |
| 402 | Consistency in Allocating Costs Incurred for the Same Purpose |
| 403 | Allocation of Home Office Expenses to Segments |
| 404 | Capitalization of Tangible Assets |
| 405 | Accounting for Unallowable Costs |
| 406 | Cost Accounting Period |
| 407 | Use of Standard Costs for Direct Material and Direct Labor |
| 408 | Accounting for Costs of Compensated Personal Absence |
| 409 | Depreciation of Tangible Capital Assets |
| 410 | Allocation of Business Unit General and Administrative Expenses to Final Cost Objectives |
| 411 | Accounting for Acquisition Costs of Material |
| 412 | Composition and Measurement of Pension Costs |
| 413 | Adjustment and Allocation of Pension Cost |
| 414 | Cost of Money as an Element of the Cost of Facilities Capital |
| 415 | Accounting for the Cost of Deferred Compensation |
| 416 | Accounting for Insurance Cost |
| 417 | Cost of Money as an Element of the Cost of Capital Assets Under Construction |
| 418 | Allocation of Direct and Indirect Costs |
| 419 | unused |
| 420 | Accounting for Independent Research and Development Costs and Bid and Proposal Costs (IR&D and B&P) |
Read more about this topic: Cost Accounting Standards
Famous quotes containing the word standards:
“To arrive at a just estimate of a renowned man’s character one must judge it by the standards of his time, not ours.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
“With his brows knit, his mind made up, his will resolved and resistless, he advances, crashing his way through the host of weak, half-formed, dilettante opinions, honest and dishonest ways of thinking, with their standards raised, sentimentalities and conjectures, and tramples them all into dust. See how he prevails; you don’t even hear the groans of the wounded and dying.”
—Henry David Thoreau (1817–1862)