Cost Accounting Standards
August 26 @ 8:30 am - August 27 @ 4:30 pm
One event on August 26, 2020 at 8:30 am
The Cost Accounting Standards (CAS) was designed to promote uniform and consistent methods of accounting practices for contractors. This course explains to which contracts and contractors the Standards are applicable, and highlights the current and proposed exemptions to the Standards. Discussions include the requirements of all 19 Standards, the differences in accounting as compared to GAAP and IFRS, and methods of structuring your accounting system for compliance. The administrative requirements, including preparation of the Disclosure Statement, and post award contract adjustments due to changes in accounting practices are also covered.