by David Capitano, Instructor/Cost Accounting Consultant | Feb 4, 2013 | Accounting, Audits, Cost, and Pricing, The Practical CAS
*CAS 404 Capitalization of Tangible Assets. This is Part 1 of a 2-part blog. This Part 1 addresses (i) the basic fundamental requirements at CAS 404-40(a), 404-(b)(1), and 404-(b)(2); and (ii) the techniques for application at CAS 404-50(a), as well as the...
by David Capitano, Instructor/Cost Accounting Consultant | Jan 10, 2013 | The Practical CAS
CAS 402- Consistency in Allocating Costs Incurred for the Same Purpose. Purpose/Fundamental Requirement: Each type of cost shall be allocated only once and on only one basis to any contract or other final cost objective. The standard is necessary to prevent double...
by David Capitano, Instructor/Cost Accounting Consultant | Dec 20, 2012 | The Clause Column
NOTE: This is Part II of a two-part series on this clause. Applicability: This FAR contract clause is incorporated into all contracts subject to the Cost Accounting Standards. The clause focuses on administering the requirements imposed under the Cost...
by David Capitano, Instructor/Cost Accounting Consultant | Dec 14, 2012 | The Clause Column
* NOTE: This is Part I of a two-part series on this clause: Applicability: This FAR contract clause is incorporated into all contracts subject to the Cost Accounting Standards. The clause focuses on administering the requirements imposed under the Cost...
by David Capitano, Instructor/Cost Accounting Consultant | Dec 4, 2012 | The Practical CAS
CAS 401 Consistency in Estimating Accumulating Reporting Costs. Provision of the week: CAS 401-50(a) {48 CFR 9904.401-50(a)} Provision: The level of detail in estimating shall be such that any significant cost can be compared with the actual cost accumulated...