Modified CAS Coverage
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
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.