Cost Accounting Practice Change
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Contents |
Cost Accounting Practice Change
Final Rule Issued June 14, 2000
- Concludes CAS case begun in 1993
- Significantly reduced Scope
Areas of Coverage
- CAS Administration deferred to FAR Council
- NO change to cost accounting practice definition
3 Types of Changes
Required Change
Cost Accounting Practice change is required because of a new standard or changed standard
Unilateral Change
Contractor changes from one compliant method to another
Desirable
Term normally used by government, identifying whether the change is "desirable" to them.
