Difference between revisions of "Category:Cost Accounting Standards (CAS)"
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CAS were designed to achieve uniformity and consistency in the measurement, assignment, and allocation of costs. CAS is not an onerous set of Government rules, regulations, and requirements, but a framework in government contractors can establish their own flexible methodologies within that framework. | CAS were designed to achieve uniformity and consistency in the measurement, assignment, and allocation of costs. CAS is not an onerous set of Government rules, regulations, and requirements, but a framework in government contractors can establish their own flexible methodologies within that framework. | ||
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| − | The Office of Management and Budget within the Office of Federal Procurement Policy (OFPP) is where administratevely the Cost Accouting Standards Board is functionally located. To learn more about the Board, it's members, to obtain meetin minutes, or Disclosure Forms, vist http://www.whitehouse.gov/omb/procurement_casb | + | The Office of Management and Budget within the Office of Federal Procurement Policy (OFPP) is where administratevely the Cost Accouting Standards Board is functionally located. To learn more about the Board, it's members, to obtain meetin minutes, or Disclosure Forms, vist http://www.whitehouse.gov/omb/procurement_casb |
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| + | There are 19 Standards, CAS 401 - 420. CAS 419, was never used, but reserved. | ||
==References and Links== | ==References and Links== | ||
The following link provides a listing of and all relevant sections to the Cost Accounting Standards. http://www.ecfr.gov/cgi-bin/text-idx?SID=1a89b253678ad3fe26a04a21b635caf3&tpl=/ecfrbrowse/Title48/48cfr9904_main_02.tpl | The following link provides a listing of and all relevant sections to the Cost Accounting Standards. http://www.ecfr.gov/cgi-bin/text-idx?SID=1a89b253678ad3fe26a04a21b635caf3&tpl=/ecfrbrowse/Title48/48cfr9904_main_02.tpl | ||
Revision as of 14:06, 10 March 2014
The CAS are a result of concern for the pricing and accounting practices of defense contractors. There was no consistency within and between contractors cost accounting practices.
History
In 1968 Congress asked the General Accounting Office (GAO) to study the feasibility of establishing and applying CAS to provide greater uniformity in cost accounting as a basis for negotiating and administering procurment contracts. The GAO concluded it was feasible to apply standards within the government contracting industry. Congress subsequently esablished the Cost Accounting Standards Board; CAS Board which in turn instituted the CAS. In 1980 after the standards were implemented, Congress decided to dissolve it, as it had fullfilled its mission. It was re-established in 1988.
CAS were designed to achieve uniformity and consistency in the measurement, assignment, and allocation of costs. CAS is not an onerous set of Government rules, regulations, and requirements, but a framework in government contractors can establish their own flexible methodologies within that framework.
The Office of Management and Budget within the Office of Federal Procurement Policy (OFPP) is where administratevely the Cost Accouting Standards Board is functionally located. To learn more about the Board, it's members, to obtain meetin minutes, or Disclosure Forms, vist http://www.whitehouse.gov/omb/procurement_casb
There are 19 Standards, CAS 401 - 420. CAS 419, was never used, but reserved.
References and Links
The following link provides a listing of and all relevant sections to the Cost Accounting Standards. http://www.ecfr.gov/cgi-bin/text-idx?SID=1a89b253678ad3fe26a04a21b635caf3&tpl=/ecfrbrowse/Title48/48cfr9904_main_02.tpl
Subcategories
This category has the following 24 subcategories, out of 24 total.
C |
C cont. |
C cont. |
Pages in category "Cost Accounting Standards (CAS)"
The following 27 pages are in this category, out of 27 total.
