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Aligning Cost Accounting Standards (CAS) with GAAP: Proposed Changes

$19.99

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.

NOTE: Unless otherwise indicated, all course purchases are for access to the course for a period of 1-year.  At the end of the one year term, the course will be set to “inactive”. 

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.

Course Details
This is a self-paced eLearning course based on the Federal Register Document titled 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.

Key regulatory references include:

Course SKU
FR-25-503-1