[Code of Federal Regulations]

[Title 48, Volume 7]

[Revised as of October 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 48CFR9903.302-2]



[Page 348]

 

            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM

 

     CHAPTER 99--COST ACCOUNTING STANDARDS BOARD, OFFICE OF FEDERAL 

           PROCUREMENT POLICY, OFFICE OF MANAGEMENT AND BUDGET

 

PART 9903_CONTRACT COVERAGE--Table of Contents

 

                Subpart 9903.3_CAS Rules and Regulations

 

Sec. 9903.302-2  Change to a cost accounting practice.



    Change to a cost accounting practice, as used in this part, means 

any alteration in a cost accounting practice, as defined in 9903.302-1, 

whether or not such practices are covered by a Disclosure Statement, 

except for the following:

    (a) The initial adoption of a cost accounting practice for the first 

time a cost is incurred, or a function is created, is not a change in 

cost accounting practice. The partial or total elimination of a cost or 

the cost of a function is not a change in cost accounting practice. As 

used here, function is an activity or group of activities that is 

identifiable in scope and has a purpose or end to be accomplished.

    (b) The revision of a cost accounting practice for a cost which 

previously had been immaterial is not a change in cost accounting 

practice.