Search results

Create the page "General Accounting Office" on this wiki!

• Acronyms
  AAI - [[Agency Accounting Identifier (AAI)]] ACRN - [[Accounting Classification Reference Number (ACRN)]]
  17 KB (2,526 words) - 12:49, 4 April 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 (1,778 words) - 14:36, 18 October 2023
• 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
• FAR 52.232-7 - Payments under Time-and-Materials and Labor-Hour Contracts
  '''(4)''' '''The hourly rates shall include wages, indirect costs, general and administrative expense, and profit'''. Fractional parts of an hour shal :(ii) Allocated in accordance with the Contractor's written or established accounting practices; and
  15 KB (2,318 words) - 15:01, 9 April 2015
• FAR 52.232-12 - Advance Payments
  ...nd report cash disbursements and balances as required by the administering office. The Contractor shall apply terms similar to this clause to any advance pay ... under the contract and related interest charges and (2) the administering office has approved in writing the release of any funds due and payable to the Con
  43 KB (6,571 words) - 09:48, 1 June 2015
• WG 76-8 - Interim Guidance on Use of the Offset principle in Contract Price Adjustments Resulting from Accounting Changes
  ...n Use of the Offset Principle in Contract Price Adjustments Resulting from Accounting Changes<ref>Working Group 76-8, 17 December 1976; Can be found at:https://a ... conditions under which a change to either a disclosed or established cost accounting practice may be made. These changes are generally referred to as "voluntar
  5 KB (845 words) - 13:06, 22 April 2014
• CASB Disclosure Statement - Part V - Depreciation and Capitalization Practices
  ... be included in the submission by the segment as indicated on page (i) 4., General Instructions.''' ==General Instructions, Page (i), Item 4==
  1 KB (199 words) - 13:31, 17 September 2014
• CASB Disclosure Statement - Home Office Disclosures
  ==Home Office Disclosures<ref>Page (i), Item 4, General Instructions; FORM CASB DS-1 (REV 2/96)</ref>== Each Home Office required to disclose its cost accounting practices for measuring, assigning and allocating its costs to segments per
  1 KB (185 words) - 13:10, 5 April 2017
• Cost Accounting Practice Change - Examples
  ...ion of costs to cost objectives should be considered to be changes in cost accounting practice.</big>''' ...strations of changes which do not meet the definition of "Change to a cost accounting practice."</ref>==
  6 KB (951 words) - 16:28, 25 April 2016
• Postaward Audit - DCAA
  **d. The detailed audit steps are intended to be general guidance and should be expanded or eliminated as necessary to fit the curre ...ne if it includes a reliance statement. If the PNM is not available in the office, obtain a copy from the contracting officer. If there is no reliance statem
  53 KB (8,184 words) - 12:01, 28 March 2015
• Accounting for Business Combinations
  ==7-1704 Accounting for Business Combinations<ref>Defense Contract Audit Manual 7-1704.1</ref>= ...uidance relating to the valuation or write-up of assets under the purchase accounting method, see 7-1705 below.
  16 KB (2,503 words) - 14:34, 21 August 2014
• Forward Pricing Rate Proposal Adequacy Checklist (DFARS CASE 2012-D035)
  ! Submission Item !! General Instructions !! PROPOSAL PAGE No. (if applicable) !! If not provided, EXPLA ::1. Whether your organization is subject to cost accounting standards (CAS);
  8 KB (1,192 words) - 10:29, 2 November 2015
• Cost Proposal Narrative
  Office hours are 8:30 a.m. to 5:30 p.m., Monday through Friday, with one hour per ...ge all other ODCs listed in the RFP as indirect costs in our DCAA approved accounting system. In accordance with our CASB Disclosure Statement, [''Contractor'']
  12 KB (1,658 words) - 15:31, 22 April 2015
• Cost Accounting Standard 403 - Preambles
  ==Preambles to Cost Accounting Standard 403== ===Allocation of Home Office Expenses to Segments===
  43 KB (6,526 words) - 15:13, 14 January 2019
• Cost Accounting Standard 404 - Preambles
  ==Preambles to Cost Accounting Standard 404== ....L.91-379, 50 U.S.C.App. 2168), which provides for the development of Cost Accounting Standards to be used in connection with negotiated national defense contrac
  37 KB (5,445 words) - 10:09, 1 March 2015
• Cost Accounting Standard 413 - Preambles
  ==Preambles to Cost Accounting Standard 413, Adjustment and Allocation of Pension Cost== ...b.L.91-379, 50 U.S.C.App. 2168, which provides for the development of Cost Accounting Standards to be used in connection with negotiated national defense contrac
  43 KB (6,726 words) - 11:49, 3 March 2015
• Cost Accounting Standard 416 - Preambles
  Preambles to Cost Accounting Standard 416, Accounting for Insurance Costs
  36 KB (5,591 words) - 21:25, 26 February 2015
• Cost Accounting Standard 420 - Preambles
  ==Preambles to Cost Accounting Standard 420, Accounting for Independent Research and Development Costs and Bid and Proposal Costs== ...neral Accounting Office Report on the Feasibility of Applying Uniform Cost Accounting Standards to Negotiated Defense Contracts. The report referenced problem ar
  31 KB (5,022 words) - 13:07, 3 March 2015
• Federal Acquisition Regulation (FAR)
  This part sets forth basic policies and general information about the Federal Acquisition Regulations System including purp ===(a)General===
  20 KB (2,201 words) - 11:31, 30 March 2015
• General Audit Policy for Compensation System Review(s) (CSR)
  a. Refer to 5-103 for general audit policy for the audit of contractor accounting and management systems and related internal controls. ...y planned and performed for major contractors. However, if the field audit office has sufficiently documented that the compensation system for a particular n
  1 KB (162 words) - 08:37, 5 April 2015
• Table 15-2 -- Instructions for Submitting Cost/Price Proposals When Certified Cost or Pricing Data Are Required
  ==I. -- General Instructions== :(4) Name of contract administration office (if available);
  19 KB (2,789 words) - 19:58, 14 April 2015
• Cost Accounting Standard 410 - Preambles
  ==Preambles to Cost Accounting Standard 410 - Allocation of Business Unit General and Administrative Expenses to Final Cost Objectives== ...based in part on the “Report on The Feasibility of Applying Uniform Cost-Accounting Standards to Negotiated Defense Contracts,” which cited the allocation of
  53 KB (8,842 words) - 16:31, 1 March 2021
• Questionnaire on Method and Allocation of Costs (QMAC)
  Cost Accounting Standards Board; Applicability of Cost Accounting Standards Coverage '''SUMMARY:''' The Cost Accounting Standards (CAS) Board is revising the criteria applicable to United Kingdom
  9 KB (1,347 words) - 13:08, 3 August 2021
• DCAA Audit Program for Disclosure Statement
  ...tial determination of compliance of the contractor’s description of cost accounting practices submitted in the Disclosure Statement. The audit program does no 1. CAM Chapter 8, Cost Accounting Standards
  13 KB (1,924 words) - 19:34, 24 October 2016
• ACO Neg. vs Audit Determined Rates
  ...rting data will vary depending on such factors as business type, size, and accounting system capabilities. The contractor, contracting officer, and auditor must ...fied by the auditor, the auditor will elevate the issue to the contracting office to resolve the inadequacies.
  8 KB (1,129 words) - 14:02, 19 June 2017
• Purchasing Manual
  ...overnment funds, as well as GovC's purchasing policies and procedures, and accounting policies and procedures. Section 2 - General Policies on Ethics, Conflict of Interest and Gifts contains those GovC poli
  4 KB (581 words) - 15:56, 21 July 2023