Convergence of Cost Accounting Standards(CASs) and National Voluntary Guidelines (NVGs)

Authors

  • S. K. Gupta Spentex Industries Limited, Delhi
  • S. C. Mohanty ICAI-CMA

DOI:

https://doi.org/10.33516/maj.v49i11.90-92p

Abstract

The Institute of Cost Accountants of India, recognizing the need for structured approach to the measurement of cost in manufacturing or service sector and to provide guidance to the user organizations, government bodies, regulators, research agencies and academic institutions to achieve uniformity and consistency in classification, measurement and assignment of cost to product and services, has constituted Cost Accounting Standards Board (CASB) with the objective of formulating the Cost Accounting Standards. While formulating the Cost Accounting Standards, the CASB takes into consideration the applicable laws, usage and business environment prevailing in India. Cost Accounting Standards Board has so far issued 22 Cost Accounting Standards.

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Published

2014-11-01

How to Cite

Gupta, S. K., & Mohanty, S. C. (2014). Convergence of Cost Accounting Standards(CASs) and National Voluntary Guidelines (NVGs). The Management Accountant Journal, 49(11), 90–92. https://doi.org/10.33516/maj.v49i11.90-92p

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