Difference between revisions of "Category:Cost Accounting Standards (CAS)"
(→Cost Accounting Standards Summary) |
(→Cost Accounting Standards Summary) |
||
Line 23: | Line 23: | ||
| [[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 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 405 - Accounting for Unallowable Costs]] ||X || Example |
|- | |- | ||
− | | [[CAS 406 - Cost Accounting Period]] || | + | | [[CAS 406 - Cost Accounting Period]] || X || Example |
|- | |- | ||
− | | [[CAS 407 - Use of Standard Costs for Direct Material and Direct Labor]] || | + | | [[CAS 407 - Use of Standard Costs for Direct Material and Direct Labor]] || || Example |
|- | |- | ||
− | | [[CAS 408 - Accounting for Costs of Compensated Personal Absence]] || | + | | [[CAS 408 - Accounting for Costs of Compensated Personal Absence]] || || Example |
|- | |- | ||
− | | [[CAS 409 - Depreciation of Tangible Capital Assets]] || | + | | [[CAS 409 - Depreciation of Tangible Capital Assets]] || || Example |
|- | |- | ||
− | | [[CAS 410 - Allocation of BU G&A Expenses to Final Cost Objectives]] || | + | | [[CAS 410 - Allocation of BU G&A Expenses to Final Cost Objectives]] || || Example |
|- | |- | ||
− | | [[CAS 411 - Accounting for Acquisition Costs of Material]] || | + | | [[CAS 411 - Accounting for Acquisition Costs of Material]] || || Example |
|- | |- | ||
− | | [[CAS 412 - Pension Costs]] || | + | | [[CAS 412 - Pension Costs]] || || Example |
|- | |- | ||
− | | [[CAS 413 - Adjustment and Allocation of Pension Cost]] || | + | | [[CAS 413 - Adjustment and Allocation of Pension Cost]] || || Example |
|- | |- | ||
− | | [[CAS 414 - Cost of Money as an Element of the Cost of Facilities Capital]] || | + | | [[CAS 414 - Cost of Money as an Element of the Cost of Facilities Capital]] || || Example |
|- | |- | ||
− | | [[CAS 415 - Accounting for the Cost of Deferred Compensation]] || | + | | [[CAS 415 - Accounting for the Cost of Deferred Compensation]] || || Example |
|- | |- | ||
− | | [[CAS 416 - Accounting for Insurance Costs]] || | + | | [[CAS 416 - Accounting for Insurance Costs]] || || Example |
|- | |- | ||
− | | [[CAS 417 - Cost of Money as an Element of the Cost of Capital Assets under Construction]] || | + | | [[CAS 417 - Cost of Money as an Element of the Cost of Capital Assets under Construction]] || || Example |
|- | |- | ||
− | | [[CAS 418 - Allocation of Direct and Indirect Costs]] || | + | | [[CAS 418 - Allocation of Direct and Indirect Costs]] || || Example |
|- | |- | ||
− | | [[CAS 420 - Accounting for Independent Research & Development and Bid & Proposal Costs]] || | + | | [[CAS 420 - Accounting for Independent Research & Development and Bid & Proposal Costs]] || || Example |
|} | |} | ||
==References and Links== | ==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 | 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 |
Revision as of 12:44, 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
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.