Theme: Cost Accounting Standards Administration
Read:
The Federal Acquisition Regulation (FAR)https://farsite.hill.af.mil/vffara.htm
• Part 30 Cost Accounting Standards Administration, Volume 1, page 30.1
Cost Accounting Standards https://www.dcaa.mil/cam/Chapter_08_-_Cost_Accounting_Standards.pdf
DOD Cost Accounting (CAS) Administration (Will email link after teacher sends a working link.)
Complete:
Learning Activity #1
Your choice.do either (a) or (b):
(a) Pick one exemption to CAS, describe in layman's terms what it means, and provide an example situation where it would apply. Is there any "wiggle room" in the exemption, or is it "cut and dried"?
(b) Go to FAR Part 31, choose a cost element, and provide a real life example of where it could be an issue for a contractor.
Learning Activity #2
Your company does $80 million in government sales annually. Do you need to have a Disclosure Statement? Why or why not?