forward contract accounting

• Cost Accounting Standards: Cost Accounting Standards 412 and 413-Cost Accounting Standards Pension Harmonization Rule

The Office of Federal Procurement Policy (OFPP), Cost Accounting Standards Board (Board), is publishing this final rule to revise Cost Accounting Standard (CAS) 412, ``Composition and Measurement of Pension Cost,'' and CAS 413, ``Adjustment and Allocation of Pension Cost.'' This revision will harmonize the measurement and period assignment of the pension cost allocable to Government contracts, and the minimum required contribution under the Employee Retirement Income Security Act of 1974 (ERISA), as amended, as required by the Pension Protection Act (PPA) of 2006. The PPA amended the minimum funding requirements for qualified defined benefit pension plans. The Board issues this final rule to revise CAS 412 and CAS 413 to include the recognition of a ``minimum actuarial liability'' and `...

... cost for the current period and for the forward pricing of Government contracts over future years ...

• Federal Register Nbr. 76 FR 81296, December 27, 2011
• Rules and Regulations
• Management and Budget Office

• 48 CFR 42.202 - Assignment of contract administration.

... for functions pertaining to cost accounting standards and negotiation of forward pricing rates...

• Code of Federal Regulations - Title 48: Federal Acquisition Regulations System

• Board duty: take back performance control: increasing the board's effectiveness in establishing and enforcing financial performance objectives will improve its effectiveness in many other areas as well.

...The accounting treatment of the forward delivery contracts that w...

• Directors & Boards
• Vol. 35 Nbr. 3, March 2011

• The Defense Contract Audit Agency

Principal elements of Headquarters are the Director, Deputy Director, Executive Officer, Special Assistant for Quality, General Counsel (Defense Legal Services), and the Assistant Directors for Operations, Policy and Plans, and Resources. DCAA Products and Services DCAA provides a wide variety of products and services to contracting officers: * Pre-award Contract Audit Services * Price Proposals * Preaward Surveys * Forward Pricing Labor and Overhead Rates * Postaward Contract Audit Services * Incurred Costs/Annual Overhead Rates * Truth in Negotiation Act Compliance * CAS (Cost Accounting Standards) Compliance & Adequacy * Claims * Financial Capability * Contractor Internal Control System Audits * Accounting * Estimating * Electronic Data Processing (EDP) * Compensation * Billing ...

• DISAM Journal of International Security Assistance Management
• Vol. 29 Nbr. 4, December 2007

• Measuring Hedging Effectiveness for Derivatives

Governmental Accounting Standards Board (GASB) Statement No. 53, Accounting and Financial Reporting for Derivative Instruments, provides guidance on how to measure and report derivatives that are used to hedge other financial transactions. Governments are required to show that hedging derivative instruments are in fact effective in providing protection against adverse financial conditions affecting the assets being hedged. This article presents an illustration of a government using a forward derivative instrument to hedge against potential increases in the price of natural gas. Effectiveness will be measured using a quantitative method known as the dollar-offset method.

... might use to hedge risk is a forward contract. This derivative instrument is a contractual agree...

• Journal of Government Financial Management, The
• Vol. 58 Nbr. 4, December 2009

• The contract transformation in land use regulation.

... that they believe is necessary to go forward with a development. They acquire this information ...GENERAL ACCOUNTING OFFICE, LOCAL GROWTH ISSUES--FEDERAL OPPORTUNITIES...

• Stanford Law Review
• Vol. 63 Nbr. 3, March 2011

• Rep. Jack Kingston Holds a Hearing On Agriculture Marketing Regulatory Programs Budget

...And of course we look forward to hearing from you and knowing how we can help yo... are you going to use to select those contractors?. AVALOS: Congressman, I'm going to go ahead and ... know certified according to general accounting.. AVALOS: Administrator Butler would know. BUTLER...

• Political Transcript Wire
• March 14, 2011

• 7 CFR 1767.41 - Accounting methods and procedures required of all RUS borrowers.

... . . 111 . Engineering Contracts for System Planning . . . 112 . Determination ... former patrons have moved and left no forwarding address, it is not necessary to prepare a capital ...

• Code of Federal Regulations - Title 7: Agriculture

• Rep. Scott Garrett Holds a Hearing On the Sec Budget

... I look forward to what I hope will be an educational hearing, whe... agencies for engaging in a massive accounting fraud. On March 1st, the SEC announced insider- t...COOK: Absolutely. GARRETT: Can a contractor buy, would it be on the other side of the Chinese ...

• Political Transcript Wire
• March 21, 2011

• Coleman Spills the Beans On Dps

Former embattled Detroit Public Schools Superintendent William Frederick Coleman III is talking for the first time in an exclusive interview with the Michigan Chronicle's Bankole Thompson after the federal government reigned down 16 counts of corruption and bribery charges on him in May of 2007. The indictment emanating from a Dallas Independent School District (DIBD) investigation, involving millions of dollars of technology contract, has been dismissed according to his lawyer, Bertram Marks. Coleman worked at DISD as deputy superintendent. Coleman was charged along with former business associates Ruben Bohuchot, a former DISD associate superintendent for technology, and Frarikie Wong, head of the Houston-based Micro System Enterprises. Marks said Coleman now faces a misdemeanor charge...

... benefited indirectly from improper accounting at DPS. First of two parts. Following are excerpts...And I put forward to you that is why I ended up just being asked to ...

• Michigan Chronicle
• August 27, 2009