Difference between revisions of "Modified CAS Coverage"
| Line 13: | Line 13: | ||
They are: | They are: | ||
| − | CAS 401 | + | CAS 401 - Consistency in Estimating, Accumulating, and Reporting Costs |
| − | CAS 402 | + | CAS 402 - Consistency in Allocating Costs Incurred for the Same Purpose |
| − | CAS 405 | + | CAS 405 - Accounting for Unallowable Costs |
| − | CAS 406 | + | CAS 406 - Cost Accouting Period |
| − | == | + | == Determining Modified CAS Coverage == |
Revision as of 09:09, 12 May 2014
There are 3 types of CAS coverage. They are:
No coverage
Modified CAS coverage
Full CAS coverage
Standards only applying to Modified CAS Coverage
There are four (4) standards that only apply to Modified CAS coverage. They are:
CAS 401 - Consistency in Estimating, Accumulating, and Reporting Costs
CAS 402 - Consistency in Allocating Costs Incurred for the Same Purpose
CAS 405 - Accounting for Unallowable Costs
CAS 406 - Cost Accouting Period
Determining Modified CAS Coverage
When to submit
Business units subject to modified coverage do not normally submit Disclosure Statements. The exception to the rule is if the Business Unit is a contributing segment. Each segment of a Business Unit that does not meet an exemption of prior years CAS covered awards were less than 50M and and less than 30% of the total sales for the segment.
Note: In order to qualify for the disclosure exemption, a contributing segment must meet both tests, percent sales and dollar threshold, unless another exemption applies.
