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• Acronyms
  AAI - [[Agency Accounting Identifier (AAI)]] ACRN - [[Accounting Classification Reference Number (ACRN)]]
  17 KB (2,539 words) - 11:33, 6 September 2024
• Cost Type Contract Requirements
  == Adequate Accounting System == ...spective contractor. Of note is; item (3) which states, "The contractor's accounting system is adequate for determining '''cost applicable to the contract or or
  3 KB (444 words) - 20:45, 11 December 2015
• CAS 405 - Accounting for Unallowable Costs
  '''(a)''' '''The purpose of this Cost Accounting Standard is to facilitate the negotiation, audit, administration and settle ...able costs''' in order to promote the consistent application of sound cost accounting principles covering all incurred costs.
  13 KB (1,974 words) - 14:48, 25 August 2014
• CAS 406 - Cost Accounting Period
  ... provide criteria for the selection of the time periods to be used as cost accounting periods for contract cost estimating, accumulating, and reporting.''' ...ill reduce the effects of variations in the flow of costs within each cost accounting period.'''
  16 KB (2,429 words) - 10:15, 24 August 2014
• CAS 410 - Allocation of BU G&A Expenses to Final Cost Objectives
  CAS 410 provides criteria for allocating general and administrative (G&A) expenses to final cost objectives e.g. contracts) ...nistering the whole business unit. Click on the link for a definition of [[General and Administrative (G&A) Expense]].
  12 KB (2,069 words) - 14:45, 30 July 2018
• PreAward Survey of Prospective Contractor Accounting System (including SF1408)
  ...eaward Surveys of Prospective Contractor Accounting Systems and Post Award Accounting System Audits **=== ...rd survey of a prospective contractor accounting system and the post award accounting system audit are available on the Agency Intranet and in the APPS.
  9 KB (1,356 words) - 09:29, 18 July 2023
• CAS 420 - Accounting for Independent Research & Development and Bid & Proposal Costs
  The purpose of this Cost Accounting Standard is to provide criteria for the accumulation of independent researc *[[General and Administrative (G&A) Expense]]
  11 KB (1,904 words) - 10:56, 1 June 2020
• CAS Board
  ...are from the private sector. One is from industry adn the other is a cost accounting expert. ...d, in its Statement of Objectives, Policies, and Concepts describes a Cost Accounting Standard as:
  2 KB (243 words) - 09:14, 15 September 2013
• Disclosure Statements
  ... the consistency and compliance of a contractor's compliance with the Cost Accounting Standards. ...contractor reaches a combined amount of $50M or more in the preceding cost accounting period (Fiscal Year), then they have become fully CAS covered, and need to
  12 KB (1,773 words) - 09:20, 18 October 2024
• Access to Records - DCAA
  ==General<ref>DCAM 1-504.1</ref> == ...ne and audit contractors' books, records, documents and other evidence and accounting procedures and practices, regardless of form (e.g., machine readable media
  26 KB (3,915 words) - 14:21, 8 February 2017
• Independent Research and Development (IR&D)
  IR&D costs incurred are allowable as indirect expenses, as part of the general and administrative expenses charged to covered contracts, to the extent the ...t of contact for the technical interchange, the contractor may contact the Office of the Assistant Secretary of Defense for Research and Engineering (OASD R&
  8 KB (1,152 words) - 16:24, 29 March 2019
• Federal Accounting Standards Advisory Board
  ...d from time to time.” Various laws have subsequently provided additional accounting and reporting requirements suitable for the needs of each era, and have ves ...ng financial reporting and internal controls, which comply with applicable accounting principles, standards, and requirements, and internal control standards.
  2 KB (267 words) - 13:07, 30 April 2015
• Due Diligence - Checklist
  ...ancial statements available, along with a statement of the assumptions and accounting procedures and principles used in preparing such statements including the f **Accounting for costs and recognition of any profit for work done on projects for which
  62 KB (9,062 words) - 11:57, 3 November 2023
• Independent Research & Development (IR&D) and Bid & Proposal (B&P) Costs - FAR 31.205-18
  ... indirect the following items of costs are considered unallowable, except, General research as provided for elsewhere in the contract</ref>" ...ly provided for in the contract. This stopped in 1956, with a Comptroller General ruling. Following this ruling, contractors had limited ability to recover
  16 KB (2,444 words) - 13:06, 25 October 2021
• Title 48 - Federal Acquisition Regulations System
  * Chapter 5 - General Services Administration ( Parts 501 - 570) * Chapter 16 - Office of Personnel Management Federal Employees Health Benefits Acquisition Regul
  3 KB (340 words) - 13:16, 5 June 2023
• FAR 52.204-10 - Reporting Executive Compensation and First-Tier Subcontract Awards
  ...ntracts and/or the costs of which are normally applied to a Contractor’s general and administrative expenses or indirect costs. ...iscal year in accordance with the Financial Accounting Standards Board’s Accounting Standards Codification (FASB ASC) 718, Compensation-Stock Compensation.
  10 KB (1,457 words) - 15:25, 28 September 2016
• FAR 52.212-5 - Contract Terms and Conditions Required to Implement Statues or Executive Orders-Commercial Items
  ...ead of the agency has waived the examination of records by the Comptroller General in accordance with 25.1001. ...ses (June 2008) (E.O.’s, proclamations, and statutes administered by the Office of Foreign Assets Control of the Department of the Treasury).
  22 KB (2,908 words) - 17:04, 19 February 2015
• FAR 52.214-26 - Audit and Records–Sealed Bidding
  '''(a)''' As used in this clause, “records” includes books, documents, accounting procedures and practices, and other data, regardless of type and regardless ...ptroller General. In the case of pricing any modification, the Comptroller General of the United States, or an authorized representative, shall have the same
  6 KB (826 words) - 12:04, 23 December 2014
• FAR 52.215-2 - Audit and Records–Negotiation
  ...ervices at rates not exceeding those established to apply uniformly to the general public, plus any applicable reasonable connection charge; or ...ead of the agency has waived the examination of records by the Comptroller General in accordance with 25.1001, use the clause with its Alternate III.
  7 KB (1,019 words) - 14:24, 9 October 2015
• FAR 52.216-7 - Allowable Cost and Payment
  ...ance with the terms and conditions of the contract, the designated payment office is not compelled to make payment by the specified due date. ...st pool). Schedule of claimed expenses by element of cost as identified in accounting records (Chart of Accounts).
  21 KB (3,020 words) - 12:35, 20 June 2018