accounting concepts, accounting system and financial statements

Overview of Cost Accounting Standards (CAS) for Government Contractors

Cherry Bekaert

JUNE 25, 2024

Generally Accepted Accounting Principles (GAAP) : GAAP is a set of accounting standards used by companies in the United States. These standards are designed to ensure that financial statements are consistent, transparent and comparable. Following the CAS can be a large undertaking that is an administrative burden.

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Overview of Cost Accounting Standards (CAS) for Government Contractors

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