Cost Accounting Standards - The Standards

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)

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