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48 CFR · Federal Acquisition Regulation and Defense supplement

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The codified text (eCFR, as of 2026-10-02). Under the Revolutionary FAR Overhaul ↗, agencies follow class deviations with new text for many parts while the formal rules go through the Federal Register: check the solicitation and your contract's clauses, which rule.

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37 sections with “Accounting System Administration”

  • DFARS 252.242-7006 Accounting System Administration.
    As prescribed in 242.7503, use the following clause: Accounting System Administration (Jan 2025) (a) Definitions. As used in this clause— Acceptable accounting system means a system that complies with the system criteria in paragraph (c)…
  • DFARS 242.7000 Contractor business system deficiencies.
    …f “contractor business systems” in this section. Contractor business systems means— (i) Accounting system, if the contract includes the clause at 252.242-7006, Accounting System Administration; (ii) Earned value management system, if the…
  • DFARS 252.242-7005 Contractor business systems.
    …Jan 2025) (a) This clause only applies to covered contracts that are subject to the Cost Accounting Standards under 41 U.S.C. chapter 15, as implemented in regulations found at 48 CFR 9903.201-1 (see the FAR Appendix). (b) Definitions. As…
  • FAR 32.503-3 Initiation of progress payments and review of accounting system.
    …eliable, competent, and capable of satisfactory performance, (2) possessed of an adequate accounting system and controls, and (3) in sound financial condition, progress payments in amounts requested by the contractor should be approved as a…
  • FAR 42.302 Contract administration functions.
    … officer (ACO) has the authority to take definitive action. (11) In connection with Cost Accounting Standards (see 48 CFR 30.601 and 48 CFR chapter 99)— (i) Determine the adequacy of the contractor's disclosure statements; (ii) Determine…
  • DFARS 242.7501 Definitions.
    As used in this subpart— Acceptable accounting system means a system that complies with the system criteria in paragraph (c) of the clause at 252.242-7006, Accounting System Administration, to provide reasonable assurance that— (1) Applic…
  • DFARS 242.7502 Policy.
    …ress payments based on costs or on a percentage or stage of completion, shall maintain an accounting system. (b) The cognizant contracting officer, in consultation with the auditor or functional specialist, shall— (1) Determine the accept…
  • DFARS 252.244-7001 Contractor Purchasing System Administration.
    … (a) through (f) of this clause do not apply unless the Contractor is subject to the Cost Accounting Standards under 41 U.S.C. chapter 15, as implemented in regulations found at 48 CFR 9903.201-1. (a) Definitions. As used in this clause— …
  • FAR 2.101 Definitions.
    …ment, logistics management, project monitoring and reporting, data collection, budgeting, accounting, performance auditing, and administrative technical support for conferences and training programs. (2) Studies, analyses and evaluations, …
  • FAR 15.408 Solicitation provisions and contract clauses.
    …he contract, and, if so, what property; (8) Whether your organization is subject to cost accounting standards; whether your organization has submitted a CASB Disclosure Statement, and if it has been determined adequate; whether you have be…
  • FAR 31.001 Definitions.
    …od means an actuarial cost method under which units of benefits are assigned to each cost accounting period and are valued as they accrue; i.e., based on the services performed by each employee in the period involved. The measure of normal …
  • FAR 32.503-5 Administration of progress payments.
    …ay, in approving progress payment requests under 32.503-3 above, rely on the contractor's accounting system and certification without prepayment review, postpayment reviews (including audits when considered necessary) shall be made periodic…
  • FAR 52.232-12 Advance Payments.
    …perly allocable, allowable, and reasonable shall be in accordance with generally accepted accounting principles, subject to any applicable subparts of part 31 of the Federal Acquisition Regulation. (d) Repayment to the Government. At any t…
  • DFARS 204.7103-1 Criteria for establishing.
    …fferent delivery dates for the units by destination in the delivery schedule. (4) Single accounting classification citation. (i) Each contract line item shall reference a single accounting classification citation except as provided in para…
  • FAR 42.202 Assignment of contract administration.
    …ct or perform a contract administration function, except for functions pertaining to cost accounting standards and negotiation of forward pricing rates and indirect cost rates (also see 42.003). The requesting agency must coordinate with th…
  • DFARS 242.302 Contract administration functions.
    …or ACO responsibilities with regard to receipt of an audit report identifying significant accounting system or related internal control weaknesses or deficiencies. (9) For additional contract administration functions related to IR&D projec…
  • DFARS 242.7001 Contract clause.
    … 252.234-7002, Earned Value Management System. (3) 252.242-7004, Material Management and Accounting System. (4) 252.242-7006, Accounting System Administration. (5) 252.244-7001, Contractor Purchasing System Administration. (6) 252.245-7…
  • DFARS 252.246-7007 Contractor Counterfeit Electronic Part Detection and Avoidance System.
    … (a) through (e) of this clause do not apply unless the Contractor is subject to the Cost Accounting Standards under 41 U.S.C. chapter 15, as implemented in regulations found at 48 CFR 9903.201-1. (a) Definitions. As used in this clause— …
  • FAR 52.232-16 Progress Payments.
    … reasonable, allocable to this contract, and consistent with sound and generally accepted accounting principles and practices. (ii) Costs incurred by subcontractors or suppliers. (iii) Costs ordinarily capitalized and subject to depreciat…
  • DFARS 242.7503 Contract clause.
    Use the clause at 252.242-7006, Accounting System Administration, in solicitations and contracts when contemplating— (a) A cost-reimbursement, incentive type, time-and-materials, or labor-hour contract; or (b) A contract with progress pay…
  • FAR 9.105-1 Obtaining information.
    … the auditor any information required concerning the adequacy of prospective contractors' accounting systems and these systems' suitability for use in administering the proposed type of contract. (ii) If the surveying activity is not a con…
  • FAR 15.407-4 Should-cost review.
    …zed are a function of the contract work task, elements such as manufacturing, pricing and accounting, management and organization, and subcontract and vendor management are normally reviewed in a should-cost review. (4) In acquisitions for…
  • FAR 32.503-2 Supervision of progress payments.
    … quality of management, and financial strength, and with the adequacy of the contractor's accounting system and controls. Supervision shall be of a kind and degree sufficient to provide timely knowledge of the need for, and timely opportuni…
  • FAR 32.503-6 Suspension or reduction of payments.
    …ents of the contract. This includes the requirement to maintain an efficient and reliable accounting system and controls, adequate for the proper administration of progress payments. If the system or controls are deemed inadequate, progress…
  • FAR 41.301 Requirements.
    …elivery point to be constructed by the utility supplier to provide the new services. (6) Accounting and appropriation data to cover the required utility services and any connection charges required to be paid by the agency receiving such u…
  • FAR 52.212-4 Contract Terms and Conditions—Commercial Products and Commercial Services.
    …sulted from the termination. The Contractor shall not be required to comply with the cost accounting standards or contract cost principles for this purpose. This paragraph does not give the Government any right to audit the Contractor's rec…
  • FAR 52.216-5 Price Redetermination—Prospective.
    …ll be late enough to reflect recent cost experience (taking into account the Contractor's accounting system), but early enough to permit review, audit (if necessary), and negotiation before the start of the prospective period. (3) Insert f…
  • DFARS 202.101 Definitions.
    …ment Agency, the Defense Counterintelligence and Security Agency, the Defense Finance and Accounting Service, the Defense Health Agency, the Defense Information Systems Agency, the Defense Intelligence Agency, the Defense Logistics Agency, …
  • FAR 4.703 Policy.
    …d in 4.703(b), contractors shall make available records, which includes books, documents, accounting procedures and practices, and other data, regardless of type and regardless of whether such items are in written form, in the form of compu…
  • FAR 7.105 Contents of written acquisition plans.
    …ctor's technical capability and financial responsibility, or adequacy of the contractor's accounting system), and associated reasoning essential to support the contract type selection. The contracting officer shall ensure that requirements …
  • FAR 9.106-4 Reports.
    …e Contractor—Financial Capability; and SF 1408, Preaward Survey of Prospective Contractor—Accounting System; and provide a narrative discussion sufficient to support both the evaluation ratings and the recommendations. (b) When the contrac…
  • FAR 49.206-2 Bases for settlement proposals.
    …resent planning and preproduction or get ready expenses. (ii) If, under the contractor's accounting system, unit costs for work in process and finished products cannot readily be established. (iii) If the contract does not specify unit pr…
  • FAR 52.212-3 Offeror Representations and Certifications—Commercial Products and Commercial Services.
    …sible Web site the results of a greenhouse gas inventory, performed in accordance with an accounting standard with publicly available and consistently applied criteria, such as the Greenhouse Gas Protocol Corporate Standard. (ii) The Offer…
  • FAR 52.244-2 Subcontracts.
    …rovisions. (vi) The subcontractor's Disclosure Statement or Certificate relating to Cost Accounting Standards when such data are required by other provisions of this contract. (vii) A negotiation memorandum reflecting— (A) The principal …
  • DFARS 209.572 Conflicts of interest in certain consulting services.
    …lude the provision of products or services related to— (i) Compliance with legal, audit, accounting, tax, reporting, or other requirements of the laws and standards of countries; or (ii) Participation in a judicial, legal, or equitable di…
  • DFARS 246.870-2 Policy.
    …ctronic part detection and avoidance system. (1) Contractors that are subject to the cost accounting standards and that supply electronic parts or products that include electronic parts, and their subcontractors that supply electronic parts…
  • DFARS 252.209-7012 Prohibition Relating to Conflicts of Interest in Consulting Services—Certification.
    …lude the provision of products or services related to— (1) Compliance with legal, audit, accounting, tax, reporting, or other requirements of the laws and standards of countries; or (2) Participation in a judicial, legal, or equitable dis…

FAR (chapter 1)

DFARS (chapter 2, Defense)

Source: eCFR, 48 CFR chapters 1 and 2 (GPO GovInfo bulk data) ↗. Rule changes in progress: FAR, DFARS. Terms: glossary.