- Cover
- Title Page
- Copyright
- About the Author
- Dedication
- Acknowledgments
- Table of Contents
- Preface
- Chapter 1. Federal Government Procurement Methods
- Chapter 2. Types of Government Contracts
- Government Selection of Contract Types
- Fixed-Price Contracts
- Firm-Fixed-Price Contract
- Fixed-Price-Incentive Contract
- Incentives Contract
- Firm-Fixed-Price with Economic Adjustment Contract
- Fixed-Price Redeterminable Contract
- Firm-Fixed-Price Contract with Successive Targets
- Fixed-Price, Level-of-Effort Contract
- Fixed-Price, Award-Fee Contract
- Cost-Reimbursement Contracts
- Cost-Sharing Contract
- Cost-Reimbursement-Only Contract
- Cost-Plus-Fixed-Fee Contract
- Cost-Plus-Incentive-Fee Contract
- Cost-Plus-Award-Fee Contract
- Other Contract Types
- Time-and-Materials Contract
- Labor-Hour Contract
- Indefinite-Delivery Contract
- Letter Contract
- Basic Agreement
- Basic Ordering Agreement
- Unauthorized Contract Types and Variations
- Other Transactions
- Contract Type and Potential Financial Reward
- Chapter 3. Accounting System Requirements
- Basic Record Keeping
- Internal Controls and Written Policies and Procedures
- Managing Contract Costs
- Allocating Costs
- Direct and Indirect Costs
- Overhead Costs
- Service Centers
- General and Administrative Costs
- Consistent Application
- Establishing a Cost Structure
- Monitoring Indirect Costs
- Other Cost Accounting Concepts
- Credits
- Chapter 4. Cost Allowability
- Origin of Government Contract Cost Principles
- Applicability of Government Cost Regulations
- FAR Concept of Total Cost
- Credits
- Incurred Costs
- Allowability of Costs
- Reasonableness
- Allocability
- Contract Terms/Advance Agreements
- Indirect Cost Pools
- Directly Associated Cost
- Cosmetically Low Rates
- Segregation of Unallowable Costs
- Chapter 5. Principles—Selected Costs
- Generally Unallowable Costs
- Public Relations and Advertising Costs (31.205-1)
- Bad Debts (31.205-3)
- Contributions or Donations (31.205-8)
- Entertainment Costs (31.205-14)
- Fines, Penalties, and Mischarging Costs (31.205-15)
- Interest and Other Financial Costs (31.205-20)
- Lobbying and Political Activity Costs (31.205-22)
- Losses on Other Contracts (31.205-23)
- Organization Costs (31.205-27)
- Costs Related to Legal and Other Proceedings (31.205-47)
- Goodwill (31.205-49)
- Costs of Alcoholic Beverages (31.205-51)
- Asset Valuations Resulting from Business Combinations (31.205-52)
- Excessive Pass-Through Costs (31.203(i))
- Costs Related to Human Resources
- Compensation for Personal Services (31.205-6)
- Employee Stock Ownership Plans (ESOPs) (31.205-6(q))
- Employee Morale, Health, Welfare, Food Service, and Dormitory Costs and Credits (31.205-13)
- Professional and Consulting Costs (31.205-33)
- Recruitment Costs (31.205-34)
- Relocation Costs (31.205-35)
- Trade, Business, Technical and Professional Activity Costs (31.205-43)
- Training and Educational Costs (31.205-44)
- Travel Costs (31.205-46)
- Costs Related to Physical Resources
- Cost of Money (31.205-10)
- Depreciation (31.205-11)
- Gains and Losses on Disposition of Depreciable Property or Other Assets (31.205-16)
- Idle Facilities and Idle Capacity Costs (31.205-17)
- Maintenance and Repair Costs
- Manufacturing and Production Engineering Costs (31.205-25)
- Plant Reconversion Costs (31.205-31)
- Rental Costs (31.205-36)
- Special Tooling and Special Test Equipment Costs (31.205-40)
- New Business-Related Costs
- Independent Research and Development and Bid and Proposal Costs (31.205-18)
- Selling Costs (31.205-38)
- Miscellaneous Costs
- Contingencies (31.205-7)
- Economic Planning Costs (31.205-12)
- Insurance and Indemnification (31.205-19)
- Material Costs (31.205-26)
- Other Business Expenses (31.205-28)
- Patent Costs (31.205-30)
- Precontract Costs (31.205-32)
- Royalties and Other Costs for Use of Patents (31.205-37)
- Taxes (31.205-41)
- Termination Costs (31.205-42)
- Environmental Cleanup Costs
- Restructuring Costs (DFARS 231.205.70)
- Cost of Government Shutdowns
- Chapter 6. Cost Accounting Standards
- Original CAS Legislation
- Basics of Public Law 91-379
- CASB Operating Policies
- After The Demise of The Original CASB
- Basic CAS Requirements
- Price Adjustments
- Covered Contracts
- Exempt Contracts
- Waivers of CAS Coverage
- CAS Steering Committee and Working Group
- The Standards
- Standard 401: Consistency in Estimating, Accumulating, and Reporting Costs
- Standard 402: Consistency in Allocating Costs Incurred for the Same Purposes
- Standard 403: Allocation of Home Office Expenses to Segments
- Standard 404: Capitalization of Tangible Assets
- Standard 405: Accounting for Unallowable Costs
- Standard 406: Cost Accounting Period
- Standard 407: Use of Standard Costs For Direct Material and Direct Labor
- Standard 408: Accounting for Costs of Compensated Personal Absences
- Standard 409: Depreciation of Tangible Capital Assets
- Standard 410: Allocation of Business Unit General and Administrative Expenses to Final Cost Objectives
- Standard 411: Accounting for Acquisition Costs of Materials
- Standard 412: Composition and Measurement of Pension Cost
- Standard 413: Adjustment and Allocation of Pension Cost
- Standard 414: Cost of Money As an Element of the Cost of Facilities Capital
- Standard 415: Accounting for the Cost of Deferred Compensation
- Standard 416: Accounting for Insurance Costs
- Standard 417: Cost of Money As an Element of the Cost of Capital Assets Under Construction
- Standard 418: Allocation of Direct and Indirect Costs
- Standard 420: Accounting for Independent Research And Development (IR&D) and Bid and Proposal (B&P) Costs
- Disclosure Statement
- Dollar Threshold of Contract Awards For Determining Filing Requirements
- Revisions to Disclosure Statements
- Exemptions
- Review and Approval of Disclosure Statement
- Detailed Requirements of Disclosure Statement
- Chapter 7. Developing Cost Estimates for Proposals
- Chapter 8. Contract Price Negotiation and Profit Guidelines
- Chapter 9. Truth in Negotiations
- Applicability of The Law
- Basic Coverage
- Covered Contracts
- Prohibitions on Obtaining Cost or Pricing Data
- Adequate Price Competition
- Commercial Items
- Waivers
- Requiring Information Other Than Cost or Pricing Data
- Price Reductions
- Special Subcontract Considerations
- Government Burden of Proof
- Cost or Pricing Data
- Available Data
- Submission of Data
- Reliance
- Price Increase
- Setoffs
- The Role of a Certificate
- Chapter 10. Contract Administration
- Responsibility for Contract Administration and Audits
- Contract Administration Duties
- Contract Audits
- Financial Aspects
- Contract Payments
- Provisional or Interim Billing Rates
- Final Indirect Cost Rates
- Cost-Sharing Rates and Ceilings on Indirect Cost Rates
- Forward-Pricing Rate Agreements
- Quick-Closeout Procedure
- Disallowing Costs After Incurrence
- Performance Aspects
- Suspension of Work, Stop-Work Orders, and Government Delay of Work
- Past Performance Evaluations
- Contract Modifications
- Subcontracting
- Government Property
- Earned Value Management Systems
- Termination for Convenience
- Ethics
- Chapter 11. Government Contract Audits
- Accounting System Review
- Basic Record Keeping
- Internal Controls and Written Policies and Procedures
- Payment Requests
- Limitation of Cost Clause
- Estimating System Review
- Organizational Relationships
- Review Requirements
- Make-or-Buy Decisions
- Updating Cost or Pricing Data
- DOD Estimating System Requirements
- Labor Recording System Audit
- Risk Assessment
- Employee Interviews
- Audit Report
- Procurement System Review
- Compensation System Audit
- Reasonableness of Compensation
- Uncompensated Overtime
- Price Proposal Review
- Developing Cost Estimates
- Auditor Approaches
- Incurred Cost Audit
- Labor Costs
- Material and Subcontract Costs
- Indirect Costs
- Other Direct Costs
- Postaward Review (Defective Pricing)
- Audit Emphasis
- Applicability of the Truth in Negotiations Act
- Price Reduction
- Fraud in Defective Pricing
- Audit Techniques
- Cost Accounting Standards
- Disclosure Statement
- Changes in Cost Accounting Practices
- Contract Termination Audit
- Equitable Contract Price Adjustment Audit
- Financial Capability Audit
- Operations Audit
- Material Management And Accounting System
- DCAA Contract Audit Manual
- Acronyms
- Index
Pricing and Cost Accounting
A HANDBOOK FOR GOVERNMENT CONTRACTORS
THIRD EDITION
Darrell J. Oyer CPA
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