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LexisNexis CD - Government Accounting Library Service

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ISBN: 9780820529950
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An outstanding guide that offers thorough coverage of all aspects of government contract accounting with particular emphasis on the Federal Acquisition Regulation (FAR). Written by a distinguished group of accountants and attorneys, the volume covers:

•  The applicability of the FAR and the relationship between the FAR and Cost Accounting Standards •  FAR cost principles, along with dozens of examples, flowcharts, tables, and illustrations •  Terminations, changes and delays, and government contract taxation and financial reporting

First published in 1985.

1 Volume; Looseleaf; updated annually.

Covers virtually every aspect of accounting and financial reporting for state and local governments, as well as federal government programs. Expert analysis, clear text, and hundreds of practical work aids illustrate the maze of pronouncements from the AICPA, GASB, FASB, NCGA, GAO, and OMB, covering a broad range of government accounting topics:

  • Fund accounting and classification guidelines
  • Recognizing and recording resource inflows and outflows
  • Measuring and recording all financial statement accounts and groups
  • Specialized accounting for pensions and grants
  • Budgeting and management accounting
  • Computers in government accounting This treatise is intended to guide those professionals involved in contract administrations in both private industry and government procurement circles. The comprehensive coverage in the treatise provides the theoretical and conceptual bases for each standard. The discussion in this treatise draws heavily upon Cost Accounting Standards Board (CASB) documents; the Defense Contract Audit Manual, boards of contract appeals cases, court cases, and presentations by government procurement officials, CPA firms and contractors. The volume is divided essentially into two parts. The first nine chapters introduce the general background and conceptual underpinnings of the Cost Accounting Standards, discuss various aspects of contract administration under CASB regulations, detail the applicability of the standards and regulations to contractors and to contracts, and outline the procedures involved in preparing cost impact proposals for changes in cost accounting practice and in making contract price adjustments. The remaining 20 chapters discuss each standard in detail, with extensive cross-referencing to important interrelationships among the standards.