Difference between revisions of "Modified CAS Coverage"
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== Disclosure Statements == | == Disclosure Statements == | ||
| − | Segments subject to modified coverage do not normally submit Disclosure Statements. | + | Segments subject to modified coverage do not normally submit Disclosure Statements. Segments that meet the following criteria 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)]] | ||
Revision as of 13:05, 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 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.
