Cost Accounting Standard (CAS) 411 – Accounting for Acquisition of Material Cost
Redstone Government Consulting
OCTOBER 30, 2024
CAS 411 provides criteria for accounting for the measurement and assignment of material costs to cost objectives and follows generally accepted accounting principles (GAAP). If you don’t have contracts subject to full CAS, then FAR 31.205-26 Material costs requires contractors to implement GAAP when accounting for material.
75 
Let's personalize your content