Modified CAS Coverage

From Knowledge base

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

  1. 9903.202 Disclosure requirements., 9903.202-1 General requirements.