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Cost Accounting Standards. Cost Accounting Standards (popularly known as CAS) are a set of 19 standards and rules promulgated by the United States Government for use in determining costs on negotiated procurements. CAS differs from the Federal Acquisition Regulation (FAR) in that FAR applies to substantially all contractors, whereas CAS applied ...
College of Southern Nevada. The College of Southern Nevada (CSN) is a public community college in Clark County, Nevada. The college has more than 2,500 teaching and non-teaching staff and is the largest public college or university in Nevada. [1][2] It is part of the Nevada System of Higher Education.
For example, if a particular corn futures contract is trading at $3.50, while the current market price of the commodity today is $3.10, there is a 40-cent cost basis.
Certificate in International Public Sector Accounting Standards (Cert IPSAS), offered both in English [23] and Arabic. [24] Certificate in Business Valuations in partnership with the French Chartered Accountants Institute , offered both in English [25] and French. [26] Diploma in Financial Management (DipFM).
e. Cost accounting is defined by the Institute of Management Accountants as "a systematic set of procedures for recording and reporting measurements of the cost of manufacturing goods and performing services in the aggregate and in detail. It includes methods for recognizing, allocating, aggregating and reporting such costs and comparing them ...
The accounting for long term contracts using the percentage of completion method is an exception to the basic realization principle. This method is used wherein the revenues are determined based on the costs incurred so far. The percentage of completion method is used when: Collections are assured; The accounting system can: Estimate profitability
WebTrust is a family of e-commerce assurance and auditing programs co-developed by the AICPA with the Canadian Institute of Chartered Accountants (CICA). [32] Accounting associations in the UK, Australia, New Zealand and Hong Kong also participate in the program. [33] [34] A specialized variant of the program exists for certificate authorities.
e. Basis (or cost basis), as used in United States tax law, is the original cost of property, adjusted for factors such as depreciation. When a property is sold, the taxpayer pays/ (saves) taxes on a capital gain / (loss) that equals the amount realized on the sale minus the sold property's basis. Cost basis is needed because tax is due based ...