This course offers a comprehensive look at the proposed changes to Cost Accounting Standards (CAS) 404 and 411, aligning them with Generally Accepted Accounting Principles (GAAP). Participants will gain insights into the implications for government contracts, the role of public feedback in shaping these regulations, and the potential benefits of reduced redundancy and increased transparency.
In this course you will learn the following:
* Understand the purpose and intent of aligning CAS with GAAP.
* Recognize the opportunities for public participation and feedback.
* Identify the potential changes and implications for government contracts.