Search Results for keywords:"Federal Procurement Policy"

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Search Results: keywords:"Federal Procurement Policy"

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  • 2021-01308 — Public Availability of Department of Commerce FY 2018 Service Contract Inventory Data
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    Type:Notice
    Citation:86 FR 6630
    Reading Time:about a minute or two

    The Department of Commerce (DOC) has announced the public availability of its Fiscal Year 2018 Service Contract Inventory data. This inventory lists service contract actions over $150,000 and shows how these resources are distributed in the agency. The information is organized by function and follows guidance from the Office of Federal Procurement Policy. This data, as well as details from Fiscal Year 2017 and a plan for the analysis of the 2018 data, can be accessed online.

    Simple Explanation

    The Department of Commerce has shared a list showing how they used big chunks of money, over $150,000, to buy services in 2018, but they didn't say who got the money or what it was exactly used for.

  • 2025-00012 — Conformance of the Cost Accounting Standards to Generally Accepted Accounting Principles for CAS 404 Capitalization of Tangible Assets and CAS 411 Accounting for Acquisition Costs of Material
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    Type:Proposed Rule
    Citation:90 FR 5803
    Reading Time:about 20 minutes

    The Cost Accounting Standards Board (CAS Board) is seeking public feedback on proposed changes that would align two Cost Accounting Standards (CAS) with Generally Accepted Accounting Principles (GAAP). The standards in question, CAS 404 and CAS 411, deal with the capitalization of tangible assets and acquisition costs of material, respectively. The Board suggests removing much of the existing CAS 404 and CAS 411 because their requirements largely overlap with GAAP. One exception within CAS 404 will be moved to another section to ensure the government's interests are still protected. Public comments on these proposed changes are invited until March 18, 2025.

    Simple Explanation

    The people in charge of government money rules want to change some old rules so they're more like the standard rules everyone else uses for money. They're asking people to tell them what they think about this change by March 18, 2025.