Course: Proposed Rule on Profits and Related Basis Adjustments based on this document from the Federal Register: https://www.govinfo.gov/content/pkg/FR-2024-12-02/pdf/2024-27227.pdf This document contains proposed regulations regarding previously taxed earnings and...
Aligning Cost Accounting Standards (CAS) with GAAP: Proposed Changes
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.
Additional information
| Federal Register Title | Conformance of the Cost Accounting Standards to Generally Accepted Accounting Principles for CAS 404 Capitalization of Tangible Assets and CAS 411 Accounting for Acquisition Costs of Material. Document Number: 2025-00012 |
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| Course SKU | FR-25-503-1 |
| Why This Course Is Important | Potential learners may miss understanding the significant changes in cost accounting standards and the opportunity to influence the final regulations through public participation. |