Difference between revisions of "Category:Cost Accounting Standards (CAS)"
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| [[CAS 401 - Consistency in Estimating, Accumulating, & Reporting Costs]] || X || The purpose of this Cost Accounting Standard is to ensure that each contractor's practices used in estimating costs for a proposal are consistent with cost accounting practices used in accumulating and reporting costs. | | [[CAS 401 - Consistency in Estimating, Accumulating, & Reporting Costs]] || X || The purpose of this Cost Accounting Standard is to ensure that each contractor's practices used in estimating costs for a proposal are consistent with cost accounting practices used in accumulating and reporting costs. | ||
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| − | | 402 || X || The purpose of this standard is to require that each type of cost is allocated only once and on only one basis to any contract or other cost objective. | + | | [[CAS 402 - Consistency in Allocating Costs Incurred for the Same Purpose]] || X || The purpose of this standard is to require that each type of cost is allocated only once and on only one basis to any contract or other cost objective. |
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| − | | 403 || || (a) The purpose of this Cost Accounting Standard is to establish criteria for allocation of the expenses of a home office to the segments of the organization based on the beneficial or causal relationship between such expenses and the receiving segments. | + | | [[CAS 403 - Allocation of Home Office Expenses to Segments]] || || (a) The purpose of this Cost Accounting Standard is to establish criteria for allocation of the expenses of a home office to the segments of the organization based on the beneficial or causal relationship between such expenses and the receiving segments. |
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| − | | 404 || || This Standard requires that, for purposes of cost measurement, contractors establish and adhere to policies with respect to capitalization of tangible assets Example | + | | [[CAS 404 - Capitalization of Tangible Assets]] || || This Standard requires that, for purposes of cost measurement, contractors establish and adhere to policies with respect to capitalization of tangible assets Example |
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| − | | 405 || || Example | + | | [[CAS 405 - Accounting for Unallowable Costs]] || || Example |
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| − | | 406 || Example || Example | + | | [[CAS 406 - Cost Accounting Period]] || Example || Example |
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| − | | | + | | [[CAS 407 - Use of Standard Costs for Direct Material and Direct Labor]] || Example || Example |
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| − | | | + | | [[CAS 408 - Accounting for Costs of Compensated Personal Absence]] || Example || Example |
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| − | | | + | | CAS 409 - Depreciation of Tangible Capital Assets || Example || Example |
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| − | | | + | | CAS 410 - Allocation of BU G&A Expenses to Final Cost Objectives || Example || Example |
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| − | | | + | | CAS 411 - Accounting for Acquisition Costs of Material || Example || Example |
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| − | | | + | | CAS 412 - Pension Costs || Example || Example |
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| − | | | + | | CAS 413 - Adjustment and Allocation of Pension Cost || Example || Example |
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| − | | | + | | CAS 414 - Cost of Money as an Element of the Cost of Facilities Capital || Example || Example |
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| Example || Example || Example | | Example || Example || Example | ||
Revision as of 12:36, 6 October 2014
Contents |
Overview
The Cost Accounting Standards (CAS) consist of 19 separate standards to related to cost accounting and the allocation of costs. The Cost Principles, FAR 31 relate to the cost accounting related to the allowability of costs.
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
Cost Accounting Standards Summary
| Standard & Title | Modified Only | Purpose |
|---|---|---|
| CAS 401 - Consistency in Estimating, Accumulating, & Reporting Costs | X | The purpose of this Cost Accounting Standard is to ensure that each contractor's practices used in estimating costs for a proposal are consistent with cost accounting practices used in accumulating and reporting costs. |
| CAS 402 - Consistency in Allocating Costs Incurred for the Same Purpose | X | The purpose of this standard is to require that each type of cost is allocated only once and on only one basis to any contract or other cost objective. |
| CAS 403 - Allocation of Home Office Expenses to Segments | (a) The purpose of this Cost Accounting Standard is to establish criteria for allocation of the expenses of a home office to the segments of the organization based on the beneficial or causal relationship between such expenses and the receiving segments. | |
| CAS 404 - Capitalization of Tangible Assets | This Standard requires that, for purposes of cost measurement, contractors establish and adhere to policies with respect to capitalization of tangible assets Example | |
| CAS 405 - Accounting for Unallowable Costs | Example | |
| CAS 406 - Cost Accounting Period | Example | Example |
| CAS 407 - Use of Standard Costs for Direct Material and Direct Labor | Example | Example |
| CAS 408 - Accounting for Costs of Compensated Personal Absence | Example | Example |
| CAS 409 - Depreciation of Tangible Capital Assets | Example | Example |
| CAS 410 - Allocation of BU G&A Expenses to Final Cost Objectives | Example | Example |
| CAS 411 - Accounting for Acquisition Costs of Material | Example | Example |
| CAS 412 - Pension Costs | Example | Example |
| CAS 413 - Adjustment and Allocation of Pension Cost | Example | Example |
| CAS 414 - Cost of Money as an Element of the Cost of Facilities Capital | Example | Example |
| Example | Example | Example |
| Example | Example | Example |
| Example | Example | Example |
| Example | Example | Example |
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.
