Costing Knowledge

Classification of Cost Elements into Variable & Fixed. Management is often required to classify Cost Elements into Variable & Fixed for Contribution Analysis & Other Management Uses. Main features of Cost Elements either to…

Material Requisition - Meaning, Procedure and Problems. Meaning of Material Requisition, Everything you want to know about Material Requisition. Material requisition may seem like a petty matter, but in fact it plays a vital role in…

Marginal Costing Introduction, Meaning and P. V. Ratio. Be it CA IPCE or CA FINAL, or CS or CMA or professional work, Marginal Costing has occupied a very important place in all these areas. It is not at all a difficult topic, but…

Analysis of Cost Accounting Standard on Pollution Control Cost, CAS on pollution control cost, This standard deals with the principles and the methods of determining the Pollution control costs. Here we are providing Objectives…

Applicability of Cost Audit & Cost Records Maintenance. Check Cost Audit Applicability. Companies rules 2014 (Cost records and audit) have made applicability of cost audit and cost records maintenance clear through the rules 3 & 4.…

Transfer pricing, in simple terms, can be defined as the price charged by one unit of the enterprise from another unit of the same enterprise. For example, X Inc. has two units, Unit A and Unit B. Unit A of the X Inc. manufactures…

Detailed Analysis of CAS 6 and 7 – Treatment of Material Cost & Labour Cost, The major content of costing is all about how to calculate the cost of various inputs. Two of the most important costs are material cost & labour…

Methods to Determine Arm’s Length Price, We recently studied about Arm’s Length Price. Now let us study the various methods used to calculate ALP. For details you can refer Transfer Pricingand the problems faced in handling Arm's Length…

Practical Difficulties In Application Of Arm’s Length Price, Transfer pricing is an important & developing area for the Practicing Chartered Accountants. But certain problems are faced by them in determining the Arm’s Length…