COST
ACCOUNTING STANDARDS BOARD
DISCLOSURE STATEMENT REQUIRED BY PUBLIC LAW 100 679
GENERAL
INSTRUCTIONS
This
Disclosure Statement has been designed to meet the requirements
of Public Law 100-679, and persons completing it are to describe
the contractor and its contract cost accounting practices.
For complete regulations, instructions and timing requirements
concerning submission of the Disclosure Statement, refer to
Section 9903.202 of Chapter 99 Of Title 48 CFR (48 CFR 9903.202).
Part
I of the Statement provides general information concerning each
reporting unit (e.g., segment, Corporate or other intermediate
level home office, or a business unit). Parts II through VII pertain
to the types of costs generally incurred by the segment or business
unit directly performing Federal contracts or similar cost objectives.
Part VIII pertains to the types of costs that are generally incurred
by a Home office and are allocated to one or more segments performing
Federal contracts. For a definition of the term "home office",
see 48 CFR 9904.403.
Each
segment or business unit required to disclose its cost accounting
practices should complete the Cover Sheet, the Certification,
and Parts I through VII.
Each
home office required to disclose its cost accounting practices
for measuring, assigning and allocating its costs to segments
performing Federal contracts or similar cost objectives shall
complete the Cover Sheet, the Certification, Part I and Part VIII
of the Disclosure Statement. Where a home office either establishes
practices or procedures for the types of costs covered by Parts
V, VI and VII, or incurs and then allocates these types of cost
to its segments, the home office may complete Parts V, VI and
VII to be included in the Disclosure Statement submitted by its
segments. While a home office may have more than one segment submitting
Disclosure Statements, only one Statement needs to be submitted
to cover the home office operations.
The
Statement must be signed by an authorized signatory of the reporting
unit.
The
Disclosure Statement should be answered by marking the appropriate
line or inserting the applicable letter code which describes the
segment's (reporting unit's) cost accounting practices.
A
number of questions in this Statement may need narrative answers
requiring more space than is provided. In such instances, the
reporting unit should use the attached continuation sheet provided.
The continuation sheet may be reproduced locally as needed. The
number of the question involved should be indicated and the same
coding required to answer the questions in the Statement should
be used in presenting the answer on the continuation sheet. Continuation
sheets should be inserted at the end of the pertinent Part of
the Statement. On each continuation sheet, the reporting unit
should enter the next sequential page number for that Part and,
on the last continuation sheet used, the words "End of Part" should
be inserted after the last entry.
Where
the cost accounting practice being disclosed is clearly set forth
in the contractor's existing written accounting policies and procedures,
such documents may be cited on a continuation sheet and incorporated
by reference at the option of the contractor. In such cases, the
contractor should provide the date of issuance and effective date
for each accounting policy and/or procedures document cited. Alternatively,
copies of the relevant parts of such documents may be attached
as appendices to the pertinent Disclosure Statement Part. Such
continuation sheets and appendices should be labeled and cross
referenced with the applicable Disclosure Statement number and
follow the page number specified in paragraph
Any
supplementary comments needed to adequately describe the cost
accounting practice being disclosed should also be provided.
Disclosure
Statements must be amended when cost accounting practices are
changed to comply with a new CAS or when practices are changed
with or without knowledge of the Government (Also see 48 CFR 9903.202
3).
COST
ACCOUNTING STANDARDS BOARD DISCLOSURE STATEMENT REQUIRED BY
PUBLIC LAW 100 679
GENERAL
INSTRUCTIONS
10.
Amendments shall be submitted to the same offices to which submission
would have been made were an original Disclosure Statement filed.
Each amendment, or set of amendments should be accompanied by
an amended cover sheet (indicating revision number and effective
date of the change) and a signed certification. For all resubmissions,
on each page, insert "Revision Number ____" and "Effective Date
_____" in the Item Description block; and, insert a revision mark
(e.g., "R") in the right hand margin of any line that is revised.
Completely resubmitted Disclosure Statements must be accompanied
by similar notations identifying the items which have been changed.
Use
of this Disclosure Statement, amended February 1996, shall be
phased in as follows:
A. New Contractors. This form shall be used by new contractors
when they are initially required to disclose their cost accounting
practices pursuant to 9903.2021.
B. Existing Contractors. If a contractor has disclosed
its cost accounting practices on a prior edition of the Disclosure
Statement (CASBDS1), such disclosure shall remain in effect
until the contractor amends or revises a significant portion
of the Disclosure Statement in accordance with CAS 9903.2023.
Minor amendments to an existing DS1 may continue to be made
using the prior form. However, when a substantive change is
made, a complete Disclosure Statement must be filed using this
form. In any event, all contractors and subcontractors must
submit a new Disclosure Statement (this version of the CASBDS1)
not later than the beginning of the contractor's next full fiscal
year after December 31, 1998.
