Cost Accounting Standards Board Regulations as of January 1, 2006

This book reproduces the nineteen standards included in Part 9903, Subchapter B of the Federal Acquisition Regulation. These standards apply to negotiated contracts issued by all agencies of the government, but do not apply to small business, sealed bid or commercial item contracts and subcontracts. The rules provide consistency in estimating, accumulating, allocating and reporting costs under negotiated government contracts and subcontracts (both defense and civilian) over $500,000. Compliance or noncompliance has a direct bearing on a contractor's recovery of costs, making the book of great value to any entity involved in government contracts. Universities and colleges will also benefit because this volume includes the standards adopted by the CASB on November 8, 1994, applicable to educational institutions that receive negotiated contracts over $500,000.