ppt课件-costaccountingstandardspoliciesandprocedures.pptVIP

Cost Accounting Standards-Policies and Procedures- CAS Overview 1996 A-21 Revisions “Facilities Administrative costs” replaced the phrase “indirect costs” Four Cost Accounting Standards (CAS) applicable to educational institutions incorporated into A-21 Institutions receiving more than $25 million in federal sponsored agreements must submit a Disclosure Statement A-21 Highlights Definition of Terms Direct Costs Facilities Administrative (FA) Costs Determination and Application of FA Cost Rate or Rates General Provisions for Selected Items of Cost – Section J /omb/circulars/a021/a021.html full text of A-21 FA Rates Rates are based on calculations performed once every 3 – 5 years /sponprog/freqinfo.html#IndirectCost UGA’s Rates FA costs are partial recovery of actual costs incurred If distinction between direct and indirect (FA) is not maintained, government could be paying twice for the same type of cost Negotiators/Auditors look for these type of errors Applicable Standards CAS 501: Consistency in estimating, accumulating and reporting costs CAS 502: Consistency in allocating costs incurred for the same purpose CAS 505: Accounting for Unallowable Costs CAS 506: Accounting Period Main Principles of CAS Costs must be treated in a consistent manner for all sponsored projects (federal and nonfederal) – CAS 501 Amounts budgeted in proposal should correspond to actual expenses incurred for the project – CAS 501 Cost Sharing proposed is committed once proposal is accepted – CAS 501 Main Principles of CAS Administrative costs cannot be charged directly to a sponsored project – CAS 502 Unallowables (entertainment, alcohol, bad debt expense, fines penalties) must be identifiable in accounting system – CAS 505 Fiscal year must be used as cost accounting period – CAS 506 Major Issues Involving CAS Consistent Treatment of Costs (Direct vs. Facilities and Administrative Costs, FA) Compliance with A-21 on departmental costing (normal direct/FA) Identification and trea