BCAS-9
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BANGLADESH COST ACCOUNTING STANDARDS
The Institute of Cost and Management Accountants of Bangladesh
ICMA Bangladesh, ICMA Bhaban, Nilkhet, Dhaka-1205 Bangladesh
BCAS 9
Joint Cost
BCAS-9
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BCAS 9: Joint Cost
Summary
Effective Date : ICMAB prepares this standard for ultimate use and adoption by every company operating
in Bangladesh at its own discretion starting from the period beginning on July 1, 2014.
Objective : The main purpose of this standard is to guide companies for identifying and allocating joint
costs among the joint products for the purpose of costing and pricing the products. As in
many manufacturing process it is customary to produce more than one product
simultaneously, standardization in costing and pricing of such products are very important.
Some other critical managerial decisions are also involved with this like sell or process
further decision, by–product costing and accounting, product–wise profitability etc.
Key Features :
Identifying joint process, joint costs and further processing costs
Prescribing different methods of allocating joint cost
Incremental analysis to supplement sell or process further decision
Identifying by products and accounting treatment thereof
Bringing different reporting issues relating to joint cost
BCAS-9
Contents
Particulars Paragraphs
Introduction
Scope 1-3
