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INDEX

Page

7

7d,

31, 40

32, 34

43
34, 43

32
5,6
31, 32

32

6
32, 43

3, 5, 37

2
31, 36

4

ex-

7

34

44
2, 5, 6

Paragraph

Page
Accountable property officer, coopera-
tion with...

98

42
Accountants, public, audits of.

2,

41a, 50, 53a, 93g 32, 34, 42
Accounting personnel:
Audit conclusions.

59

35
Consultation with, by contractor.-26, 104

9, 43
Duty to facilitate partial pay-
ments..

13

4
Office reviews by-

7

2
Responsibility

45a, 55 33, 35
Accounting principles.

48c

33
Accounts, general, examination..

76

39
Accrued expenses, examination.

92

41
Adjusting journal entries, review. 77

39
Advance payments---

8b

2
Advertising, allowable cost--- 24a1(h)

7
Antitrust litigation, excluded cost- 24a3(a)

7
Article, termination. (See Termina-

tion article.)
Audit:
Administrative, purpose..

45a

33
Check effectiveness of contractor's
examinations.-

105

43
Consolidation of

12

4
Coordination of

11, 76b

3, 39
Detailed checking to be mini-
mized.--

6, 48a, 55 1, 33, 35
Direction of effort.

56

35
Disposal credits.

95

42
Distribution of costs.

48d, 52 33, 34
Facilities contracts..

16

4
Instructions for formula settle-
ments.

14
Internal control, examinations. 49

33
Manual for CPFF supply con-
tracts...

16
Objectives

45b

33
Price Adjustment Board, use by- 11b

4
Program:
Flexibility -

46

33
Preparation.

47, 61f 33, 36
Adequacy.

48e

33
Public Accountants. (See Ac-

countants, public.)
Report:
Content-

10
Form.

114

45
General

113

44
Secret contracts --

113d

44
Selective...

6, 56a, 57 1, 35
Settlement expenses.

100

42
Subcontractors' claims, by Gov-
ernment.

15, 1062 4, 43
Supplementary data-

53

34
Supplies and tools inventory-

36
Type---

48

33
Working papers. (See Working

papers.)
Auditor. (See Accounting personnel.)
Basis for presenting accounting in-

formation:
Inventory method.

20a, 61c, 63a 5, 36, 37
Total cost method.

20b, 20c, 610 5, 36
Board:
Joint Contract Termination..

6
Price Adjustment...

70, 11, 53a 2, 3, 34
Books, records and documents;
availability ---

5

1
Burden. (See Overhead.)

Paragraph
Capital assets, loss on sale or ex-
change

24a3(a)
Cash discounts..

34h, 80e
Certified Public Accountants. (See

Accountants, public.)
Claims of subcontractors:
Applicability of Statement of
Principles

43, 54
Audit by Government personnel.. 106
Audit procedures -

54, 102
Certification.--

38b
Common.

18d, 24a1(b)
Examination..

38a, 41
Office reviews of

39, 40
Presentation.

22
Responsibility for preparation - 42, 103
Common inventory. (See Inven-

tory: Common.)
Common items..

8k, 180, 64
Completion, stage of .--

8e
Consignments, verification.---. 34g, 62d
Consolidation of termination ac-
counting-

12
Contin cies, visions for,
cluded cost-

24a3(a)
Contract:
Terms.

530
Secret.

113d
Uncompleted portion of .--. 8h, 20a, 23b
Contracting officer:
Approval of costs for protection
and disposition of Government
property.

101
Approval of settlement expenses. 101
Approval of subcontractors'
claims.

108
Manual not instructional.

3
Responsibility--

4, 9a
Contractor:
Audit of claims of subcontrac-
tors.

102, 103
Consultations with accounting per-
sonnel.---

26, 104
Discussion with of accountants'con-
clusions.--

59
Examination beyond office review
of claims of subcontractors..

41
Records of office reviews of claims
of subcontractors.

40
Responsibility for physical inven-
tories of subcontractors...

44
Responsibility to submit settle-
ment proposal.---

4, 25
Retention of property by--

37
Controlled cost systems. (See Cost

systems: Controlled.)
Conversion expense.

24a3(b)
Coordination of audits.

11, 76b
Cost analysis sections -

538
Cost-plus-a-fixed-fee supply con-

tracts:
Audit Manual..
Coordination with audits of.

76b
Use of reviews of internal control. 51
Cost systems:
Controlled historical (actual)--

69, 71
Controlled standard.... 69, 72, 73
Statistical.

53a, 69a (1)

43
43

43

1
1,3

43

9, 43

35

32

32

32

1,9
31

61g

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Page

7
41

7
2, 7, 42

Page

6
34
34
7

7d,

6

7

7
6, 41

6
33, 34

6
34

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14, 15
26, 27
28, 29

30
16, 17
24, 25
18, 19
20, 21
22, 23
14, 15
26, 27
28, 29
16, 17
24, 25
18, 19
20, 21
22, 23

30
45
9

6
7
7

W. D.,

7

Paragrapd
Engineering expense.

24a1(e)
Equipment, Government-furnished. 53c
Estimates, cost-

53a
Excess quantitative requirements.. 24a3(d)
Excluded costs.

24a3
Expenses. (See Costs.)
Experimental expenses..

2481(d)
Facilities, loss on..

24a1(f)
Field accounting representative.- 12b, 106b
Finished units:
Inventory

8g, 65
Segregation

34b
Forms:

A-1.
A-2.
A-3.
A-4.
B-1.
B-2.
C-1..
C-2..
C-3..
W. D. A. G. O. No. 242.
W. D., A. G. O. No. 243.
W. D., A. G. O. No. 244.
W. D., A. G. O. No. 245-
W. D., A. G. O. No. 246_
W. D., A. G. O. No. 247

G. O. No. 248.
W. D., A. G. O. No. 249.
W. D., A. G. O. No. 251.
Audit report.

114
Settlement proposal. 27, 28, 29, 30, 31, 32
Standard. (See Forms: Settlement

proposal.)
Standard vermination article (old
form)---

App. II
Uniform termination article.
Formula settlements:
Manual not applicable

14
When prescribed..
Free issue materials.

53c
General accounts, examination.. 76
Government-furnished equipment.-- 53c
Handling charges

8(1), 68
Historical cost system.

69, 71
Income, miscellaneous.-

94
Income tax litigation, excluded
cost.

24a3(a)
Income tax returns..
Indexing of working papers.--

111
Indicated rate of profit or loss.--- 8m, 23a
Indirect expenses. (See Overhead.)
Initial costs.

238(2), 2482
Inspection of books, records, and
documents...

5
Instructions,

gnereal, standard
forms.

27

6

Paragraph
Costs:
Advertising----

24a1(h)
Allocation of overhead.

89
Anti-trust litigation..

2483(a)
Charged off in renegotiation.

24a3(e), 93i
Contingencies, provision for 2483(a)
Conversion.

24a3(b)
Depreciation.-

24a1(c), 91
Developments.

2481(e)
Distribution of

48d, 52
Engineering-

24a1(e)
Estimates.

538
Excess quantitative require-
ments.

24a3(d)
Excluded.

24a3
Experimental

2481(d)
General principles.---

2481
Income tax litigation..,

24a3(a)
Incurred by failure to discontinue
operations...

24a3(c)
Incurred near termination date... 48b
Indirect. (See Overhead).
Initial..

23a(2), 2482
Interest

24a1(j)
Loss on:
Facilities.

24a 1(f)
Investments.

24a3(a)
Other contracts..

24a3(a)
Sales or exchanges of capital
assets..

24a3(a)
Obsolescence (see also Costs: Loss
on Facilities).

24a1(c)
Protection and disposition of
property----

24al(1), 99, 100, 101
Reconversion..

2483(b)
Research.---

24a1(d)
Settlement - 8(), 2401(k), 99, 100, 101
Special tooling---

24a1(e)
Standard. (See Standard costs),
Starting load.

23a (2), 24a2
Statistical.

53, 8698 (1)
Credits:

Disposal. (See Disposal credits.)
Miscellaneous

94
Defective items. (See Spoilage.)
Deferred charges, write-off..

90
Definitions:
Common items.

18d
Other work

18b
Representative number.

58
Subcontractor...

180
Termination.

188
Depreciation --

24a1(c), 91
Development expenses -

2481(e)
Direct labor costs. (See Labor costs,

direct.)
Direct material costs. (See Material

costs, direct.)
Discounts, cash...

34h, 80e
Disposal credits:
Approval of prices.

96
Reconciliation with inventory

quantities.
Reconcilation with settlement
deduction.

97
Retention of property by con-
tractor...

37
Sale of property

36
Treatment.

21, 35, 95
Distribution of costs..

480, 52
Documentary evidence require-
ments...

5

8(1),

3, 7,
42, 43

7
6

3,
7, 42, 43

52
48

App. I

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31, 40

9, 10,
11, 12, 13

7

42

33, 34

8j, 66

3, 37

37
36

42

Interest.com

2481(j)
Internal control.

48, 49, 50, 51
Inventory:
Applicability to contract...

64
Auditor's control...

61, 62
Common:
Definition.

24a1(a)
Verification.

64
Common items.

8k, 180, 64
Consignment.

34g, 62d
Finished units..

8g, 65
Losses on sales.

36b
Mathematical accuracy.

63b, 75

31

31
5, 31, 42

33, 34

6
37
5, 37
31, 36
2, 37

31
37, 39

1

56

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Page

Page

31

42
42

31, 37

5

36
37

3, 37

6

36

42

Paragraph
Inventory-Continued
Organization for taking and
pricing-

34
Pricing-

33b, 34h, 63, 67c
Quantities.

62
Raw materials, pricing--

68
Reconciliation of disposal quanti-
ties with

8j, 66
Reconciliation with records..

62f
Spoiled and defective items, segre-
gation..

34b
Subcontractors'

44
Tag-

34e
Work in process.

(See Work in
process.)
Inventory method of presenting set-

tlement proposal.-- 20a, 610, 638
Investments, loss on, excluded cost. 2483(a)
Job tickets, labor, verification. 87c, d
Joint Contract Termination Board.. 24a
Journal entry adjustments, exami-
nation.-

77

31
32
31

2

5, 36, 37

7

70

41
6

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3, 32

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Labor costs, direct:
Analysis

86
Job tickets.

87c, d
Objective of audit.

85
Over-all checks...

88
Pay roll distributions, review... 87
Standard...

72, 73
Work in process.

(See Work in
process.)
Leases, special

24a1(g)
Life insurance.

24a3(a)
Limitation:
Costs..

24al(i)
Standard costs.

67c
Loans, Government guaranteed.-- 8b
Loss on:
Entire contract indicated.

20c
Facilities...

24a1(f)
Investments, excluded cost. 24a3(a)
Other contracts, excluded cost--- 24a3(a)
Sales of property-

36b
Sales or exchanges of capital
assets..

2423(a)

41

Paragraph
Miscellaneous:
Credits

94
Income

94
Negotiated settlement.---

19
Obsolescence (see also Loss on
facilities.

24a1(c)
Officer:
Accountable property

98
Contracting. (See Contracting

officer.)
Office reviews:
Adequacy for protection of Gov-
ernment's interests..

7e
Basis of recommendations to con-
tracting officer----

7d
Conclusions, memorandum of.
Examination, beyond.-

9, 41
Procedure

8
Purpose
Subcontractors' claims..

39
Subcontractors' claims, record.
Operation sheets..

72b
Organization for taking and pricing
inventories.---

34
Other contracts, losses on, excluded
cost.

24a3(a)
Other work:
Definition.

18b
Treatment in office review...

en
Over-all checks:
Direct labor costs.--

88
Direct material costs.

84
Emphasis

61d
Overhead:
Account, contents..

93
Accrued expenses,

examination.
Accuracy of unit cost data, work
in process

74
Allocation.

89
Costs charged off in renegotiated
period

7d, 24a3(e), 93i
Depreciation charges.-

91
Office review, examination.

8d
Work in process --

74
Write-off of prepaid expenses and
deferred charges ---

90
Partial payments, expediting ---

13
Payments:
Advance. (See Advance pay-

ments.)
Partial. (See Partial payments.)
Pay roll distributions, review.-. 87
Post termination charges. (See

Costs: Settlement and Protection

and disposition of property.)
Premiums, life insurance, excluded
cost.

24a3(a)
Prepaid expenses, write-off...

90
Preservation of working papers..

112
Price Adjustment Board. 70, 11, 53a
Price redetermination.

530
Pricing of inventories --- 33b, 34h, 63, 670
Prime contractor. (See Contractor.)
Principles, accounting --

480
Principles, Statement

of. (See State-
ment of Principles.)
Profit allowance:
Accounting aspects..

8m, 23
Indicated rate

8m, 23a
Inventory method.

20a
Total cost method.

20b
Where loss on entire contract is
indicated..

200

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39
41

5
6

2, 7, 42

41
2

31

39

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Manual:

Guide for accounting personnel...
Not applicable to cost sections of

contract.
Not applicable to formula settle-

ments.
Not instructional to contracting

officer
Purpose.
Material content of work in process..
Material costs, direct:

Analysis of control account.
Material returned to vendors, re-

view..
Objective of verification.
Over-all checks..
Pricing -
Purchase distributions..
Scrap-
Stores requisitions, review.

Unit cost data.--
Materials, free issue.-
Materials returned to vendors, re-

view..
Mathematical accuracy:

Cost data...
Inventories.

7
41

44
2, 3, 34

34
31, 37

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3, 6
3, 6

5
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2, 6, 32, 34, 35 34, 38

40

5 32

24a3(b)

31
1

52 48 5

34 41 6

Paragraph

Page Proposal settlement. (See Settle

ment proposal.) Protection and disposition of prop

erty, costs-- 8(1), 24a1(1), 99, 100, 101 3, 7, 42, 43 Provision for contir encies, excluded cost.

24a3(a)

7 Public accountants. (See Account

ants, public.) Purchase distributions..

80

40 Raw materials, inventory pricing --- 68

37 Recapitalization fees --

24a3(a)

7 Reconciliation: Disposal credits with inventory quantities--

8j, 66

3, 37 Disposal credits with settlement deduction.

97

42 Physical inventory with book records.

62f

36 Reconversion costs

7 Renegotiation proceedings: Coordination of accounting work. 11

3 Costs charged off.. 7d, 24a3(e), 93i 2, 7, 42 Reorganization fees..

24a3(a)

7 Report, audit. (See Audit report.) Representative number, definition.. 58

35 Requisition, stores ..

81

40 Research expenses.

24a1(d)

6 Retention of property by contractor. 37

31 Reviews. (See Office reviews.) Routing sheets...

72b

38 Sales of property, loss on.

36b

31 Scrap..

83

40 Secret contract..

113d

44 Selective audit procedures - - 6, 56a, 57 1, 35 Settlement expenses.

(See Costs: Settlement.) Settlement proposal: Accountant's report basis for negotiation...

10

3 Consistency

80, 17

3,4 Contractor's presentation.

4, 25

1,9 Forms, standard. (See Forms:

Settlement proposal.) Inventory method of presentation.

20a, 61c, 63a 5, 36, 37 Negotiated settlement.

19

5 Penalties for false certification... 26

9 Responsibility of contractor. 4, 25

1,9 Total cost method of presentation..

20b, 6ld 5, 36 Special: Leases, as costs..

24a1(g)

7 Machine, loss on sale of. (See Loss

on facilities.) Tooling, costs

24a1(e)

6 Spoilage: Cost.

8i, 712, 72a 3, 38 Segregation in inventory

34b

31 Stage of completion.

8e

2 Standard cost systems.

69, 72, 73 38, 39 Standard costs: Labor..

72, 73 38, 39 Limitation.

67c

37

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Statistical costs.

53a, 69a (1) Stares requisitions, review.

81 Subcontractor: Claims. (See Claims of subcon

tractors.) Definition

180 Inventories.

44 Supplier. (See Subcontractor.) Systems, cost. (See Cost systems.) Tag, inventory

34e Termination article.

2 Standard termination article (old form)--

App. II Uniform termination article.

App. I Termination, definition..

18a Termination forms. (See Forms:

Settlement proposal.) Terms, contract.

53c Time cards, verification

87 Tooling, special

24a1(e) Total cost method: Presentation of settlement proposal.-

20b, 610 Where loss on entire contract is indicated.

20c Uncompleted portion of contract... 8h,

20a, 23b Uniform Termination Article. (See

Termination article.) Unit cost data: Credibility

67a Raw materials_

68 Work in process.

(See Work in process.) Valuation of inventories, basis.--- 34h, 670 Vendor. (See Subcontractor.) Work in process: Basis of cost.

69a Content: Direct labor..

71, 72, 73 Material pricing

70a Material quantities.

70b Overhead.

74 Verification of unit cost data..

69 Working papers: Content

56b Form..

60, 110 Indexing

111 Preservation.

112 Purposes

109 Write-off of prepaid expenses and deferred charges.

90

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U.S. GOVERNMENT PRINTING OFFICE: 1944

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