Difference between revisions of "Modified CAS Coverage"
(→Disclosure Statements) |
|||
| (3 intermediate revisions by one user not shown) | |||
| Line 24: | Line 24: | ||
| − | == | + | == Disclosure Statements == |
| − | + | ||
| + | Segments subject to modified coverage do not normally submit Disclosure Statements. Segments that meet the following criteria do not need to submit a Disclosure Statement. | ||
| + | |||
| + | (ii)<ref>9903.202 Disclosure requirements., 9903.202-1 General requirements.</ref> In the most recently completed cost accounting period the segment's CAS-covered awards are less than 30 percent of total segment sales for the period and less than $10 million. | ||
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. | 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. | ||
| + | ==References== | ||
| + | <References/> | ||
[[Category:Cost Accounting Standards (CAS)]] | [[Category:Cost Accounting Standards (CAS)]] | ||
Latest revision as of 13:07, 26 October 2016
There are 3 types of CAS coverage. They are:
No coverage
Modified CAS coverage
Full CAS coverage
Contents |
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
Disclosure Statements
Segments subject to modified coverage do not normally submit Disclosure Statements. Segments that meet the following criteria do not need to submit a Disclosure Statement.
(ii)[1] In the most recently completed cost accounting period the segment's CAS-covered awards are less than 30 percent of total segment sales for the period and less than $10 million.
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.
References
- ↑ 9903.202 Disclosure requirements., 9903.202-1 General requirements.
