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Cost Accounting Standards Board(CAS4) COST ACCOUNTING STANDARD ON COST OF PRODUCTION FOR CAPTIVE CONSUMPTION The following is the text of the COST ACCOUNTING STANDARD 4 (CAS4) issued by the Council
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Begin by gathering all relevant financial data related to the cost accounting process.
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Start by providing the necessary company and financial information as requested in the standard.
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Use the provided sections or fields to enter details about various cost components, such as direct costs, indirect costs, and overheads.
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Ensure accurate calculation and allocation of costs based on established cost accounting principles.
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Cost accounting standard is based on measuring and analyzing the costs associated with production, operations, and services.
Government contractors and subcontractors who meet certain thresholds are required to file cost accounting standards.
Cost accounting standards can be filled out using the prescribed forms and guidelines provided by the government.
The purpose of cost accounting standards is to ensure consistency and reliability in the reporting of costs for government contracts.
Cost accounting standards require reporting of direct and indirect costs associated with government contracts.
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