United States Government Publishing Office
publisher
pbl
distributor
dst
United States
National Archives and Records Administration
Office of the Federal Register
author
aut
Government Organization
text
government publication
eng
FR
Regulatory Information
executive
2017-01-09
article
Cost Accounting Standards Board; Treatment of Gains or Losses Subsequent to Mergers or Business Combinations by Government Contractors
Part IV
UNKNOWN
D09002ee1be0712b2
United States
Office of Management and Budget
originator
org
United States Government Agency or Subagency
The Office of Federal Procurement Policy, Cost Accounting Standards Board (CASB), proposes to amend the Cost Accounting Standards relating to treatment of gains or losses attributable to tangible capital assets subsequent to mergers or business combinations by government contractors. To resolve the problems that have been identified in this area, the Board proposes to amend CAS 404, ``Capitalization of Tangible Assets'' and CAS 409, ``Depreciation of Tangible Capital Assets''. The proposed amendments are based on an approach involving a ``no step-up, no step- down'' of asset bases and no recognition of gain or loss on a transfer of assets following a business combination by contractors subject to CAS. Section 26(g)(1) of the Office of Federal Procurement Policy Act requires that the Board, prior to the promulgation of any new or revised Cost Accounting Standard, publish a report and an ANPRM. This ANPRM addresses the Board's proposal to amend CAS 404 and CAS 409 to deal with the issue of gains and losses subsequent to a merger or business combination.
59 FR 0
https://www.govinfo.gov/app/details/FR-1994-05-24/94-12594
94-12594
fr24my94-18
3110-01-M
Federal Register: May 24, 1994
https://www.govinfo.gov/app/details/FR-1994-05-24/94-12594
https://www.govinfo.gov/content/pkg/FR-1994-05-24/html/94-12594.htm
1 p.
0
0
59 FR 0
Code of Federal Regulations
Title 48 Part 9904
48 CFR Part 9904
Cost Accounting Standards Board; Treatment of Gains or Losses Subsequent to Mergers or Business Combinations by Government Contractors; Federal Register Vol. 59, Issue
UNKNOWN
94-12594
IV
OFFICE OF MANAGEMENT AND BUDGET
1994-07-25
Federal Register: May 24, 1994
3110-01-M
94-12594
Advance notice of proposed rulemaking (ANPRM).
The Office of Federal Procurement Policy, Cost Accounting Standards Board (CASB), proposes to amend the Cost Accounting Standards relating to treatment of gains or losses attributable to tangible capital assets subsequent to mergers or business combinations by government contractors. To resolve the problems that have been identified in this area, the Board proposes to amend CAS 404, ``Capitalization of Tangible Assets'' and CAS 409, ``Depreciation of Tangible Capital Assets''. The proposed amendments are based on an approach involving a ``no step-up, no step- down'' of asset bases and no recognition of gain or loss on a transfer of assets following a business combination by contractors subject to CAS. Section 26(g)(1) of the Office of Federal Procurement Policy Act requires that the Board, prior to the promulgation of any new or revised Cost Accounting Standard, publish a report and an ANPRM. This ANPRM addresses the Board's proposal to amend CAS 404 and CAS 409 to deal with the issue of gains and losses subsequent to a merger or business combination.
Comments should be received by July 25, 1994.
Dr. Rein Abel, Director of Research, Cost Accounting Standards Board (telephone 202-395-3254).
Federal Register
Vol. 59, no. 99
Office of the Federal Register, National Archives and Records Administration
1994-05-24
continuing
daily
deposited
born digital
212 p.
AE 2.7:
GS 4.107:
AE 2.106:
KF70.A2
https://www.govinfo.gov/app/details/FR-1994-05-24
P0b002ee1934351e5
0097-6326
0042-1219
0364-1406
769-004-00000-9
000582072
f:fr24my94
https://www.govinfo.gov/app/details/FR-1994-05-24
https://www.govinfo.gov/content/pkg/FR-1994-05-24/pdf/FR-1994-05-24.pdf
fdlp
26733
26926
DGPO
2017-01-09
2023-05-07
FR-1994-05-24
machine generated
eng
FR
FR-1994-05-24
59
99
true