February 22, 2012 we have (2016 pdf files in our database)
Short Desciption: Questions have been raised concerning the pricing and accounting
Content Inside: Contract Pricing and Cost Accounting - Compliance with DFARS 252.211-7003, quot;Item Identification and Valuationquot; - 2004- OFFICE OF THE UNDER SECRETARY OF DEFENSE DEFENSE PENTAGON -3000 ACQUISITION, TECHNOLOGY A N D LOGISTICS 2004 MEMORANDUM FOR ASSISTANT SECRETARY OF THE ARMY (ACQUISITION, LOGISTICS AND TECHNOLOGY) ASSISTANT SECRETARY OF THE NAVY (RESEARCH, DEVELOPMENT AND ACQUISITION) ASSISTANT SECRETARY OF THE AIR FORCE (ACQUISITION) DIRECTORS OF DEFENSE AGENCIES - 252.2 1 1-7003, quot;Item Identification and Valuationquot; The Department of Defense is pursuing the implementation of unique item identification to assure that we reap the significant benefits offered by this initiative. As part of this initiative, an interim rule was issued on December 30, 2003. This interim rule included an implementing contract clause at DFARS 252.21 1-7003. accounting should be used accounting Accounting J. at david.capitano @osd.mil. A. Director, Defense Procurement Policy Attachment: As stated DFARS 252.211-7003 General The costs necessary to comply with DFARS 252.21 1-7003 are generally they comply with Accounting guidance that follows should be utilized by Contracting Officer#039;s in applying these requirements. Accounting accounting periods for depreciating the cost of (a) purchases or construction of new tangible capital assets, and (b) betterments or improvements of existing capital assets. These provisions at; DFARS 252.21 1-7003. The costs of intangible capital assets shall be expensed or Accounting the cost of developing or obtaining computer software for use in complying with DFARS shall be capitalized in accordance with the provisions of the Accounting Developed or Obtained for Internal Usequot;. The Contracting Officer should consult with the cognizant auditor regarding the proper expensing and amortizing of such costs under 98-1. The following guidance shall be used in determining with 252.21 1-7003: Costs that are of a recurring nature shall be expensed in the period in which they are incurred. Non-recurring costs shall be expensed or amortized in accordance with