Cost accounting notes in tamil pdf

In India, prior to independence, there were a few Cost Accountants, and they were qualified mainly from I.C.M.A. (now CIMA) London.
During the Second World War, the need for developing the profession in the country was felt, and the leadership of forming an Indian Institute was taken by some members of Defence Services employed at Kolkata.

They are already defined in Cost Accounting Standard-1 (‘Classification of Cost’ – CAS-1).
Thus, this standard has to be read in conjunction with standard 1.
The Cost Accounting Principles for tracing/identifying an element of cost, its allocation/apportionment to a product or service are well established.

In case of captive consumption, valuation shall be in accordance with Cost Accounting Standard-4.
Spares which are specific to an item of equipment shall not be taken into inventory, but shall be capitalized with cost of specific equipment.

The technique in costing consists of the body of principles and rules for ascertaining the costs of products and services.
The technique is dynamic and changes with the change of time.
The process of costing is the day to day routine of ascertaining costs.
It is popularly known as an arithmetic process.