Difference between revisions of "Category:Cost Allowability"
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==Cost Principles Objectives== | ==Cost Principles Objectives== | ||
The overall objective is to provide that, to the extent practicable, all organizations of similar types doing similar work will follow the same cost principles and procedures. | The overall objective is to provide that, to the extent practicable, all organizations of similar types doing similar work will follow the same cost principles and procedures. | ||
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| + | ==31.201-2 Determining Allowability== | ||
| + | (a) A cost is allowable only when the cost complies with all of the following requirements: | ||
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| + | *(1) Reasonableness. | ||
| + | |||
| + | *(2) Allocability. | ||
| + | |||
| + | *(3) Standards promulgated by the CAS Board, if applicable, otherwise, generally accepted accounting principles and practices appropriate to the circumstances. | ||
| + | |||
| + | *(4) Terms of the contract. | ||
| + | |||
| + | *(5) Any limitations set forth in this subpart. | ||
Revision as of 07:38, 27 September 2019
Cost Principles Objectives
The overall objective is to provide that, to the extent practicable, all organizations of similar types doing similar work will follow the same cost principles and procedures.
31.201-2 Determining Allowability
(a) A cost is allowable only when the cost complies with all of the following requirements:
- (1) Reasonableness.
- (2) Allocability.
- (3) Standards promulgated by the CAS Board, if applicable, otherwise, generally accepted accounting principles and practices appropriate to the circumstances.
- (4) Terms of the contract.
- (5) Any limitations set forth in this subpart.
Pages in category "Cost Allowability"
The following 80 pages are in this category, out of 80 total.
