[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: 48CFR9904.406-20]



[Page 371]

 

            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM

 

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

           PROCUREMENT POLICY, OFFICE OF MANAGEMENT AND BUDGET

 

PART 9904_COST ACCOUNTING STANDARDS--Table of Contents

 

Sec. 9904.406-20  Purpose.



    The purpose of this Cost Accounting Standard is to provide criteria 

for the selection of the time periods to be used as cost accounting 

periods for contract cost estimating, accumulating, and reporting. This 

Standard will reduce the effects of variations in the flow of costs 

within each cost accounting period. It will also enhance objectivity, 

consistency, and verifiability, and promote uniformity and comparability 

in contract cost measurements.