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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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95 sections with “Accounting system”: the first 40

  • DFARS 252.242-7004 Material Management and Accounting System.
    As prescribed in 242.7204, use the following clause: Material Management and Accounting System (Jan 2025) (a) Definitions. As used in this clause— Acceptable material management and accounting system means a material management and accou…
  • 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)…
  • 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…
  • 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 43.203 Change order accounting procedures.
    (a) Contractors' accounting systems are seldom designed to segregate the costs of performing changed work. Therefore, before prospective contractors submit offers, the contracting officer should advise them of the possible need to revise th…
  • 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 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…
  • FAR 52.216-7 Allowable Cost and Payment.
    …nal indirect cost pool). Schedule of claimed expenses by element of cost as identified in accounting records (Chart of Accounts). (C) Overhead expenses (final indirect cost pool). Schedule of claimed expenses by element of cost as identifi…
  • DFARS 242.7201 Definitions.
    As used in this subpart— Acceptable material management and accounting system means a material management and accounting system that generally complies with the system criteria in paragraph (d) of the clause at 252.242-7004, Material Manag…
  • 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 252.232-7012 Performance-Based Payments—Whole-Contract Basis.
    …(c), the Contractor's financial statements shall be in compliance with Generally Accepted Accounting Principles in order to receive performance-based payments. (c)(1) The Contractor shall, in addition to providing the information required …
  • DFARS 252.232-7013 Performance-Based Payments—Deliverable-Item Basis.
    …(c), the Contractor's financial statements shall be in compliance with Generally Accepted Accounting Principles in order to receive performance-based payments. (c)(1) The Contractor shall, in addition to providing the information required …
  • DFARS 252.234-7003 Notice of Cost and Software Data Reporting System.
    …actual cost transactions and not cost allocations; (3) Demonstrate how the data from its accounting system will be mapped into the standard reporting categories required in the CCDR data item descriptions; (4) Describe how recurring and n…
  • FAR 31.002 Availability of accounting guide.
    Contractors needing assistance in developing or improving their accounting systems and procedures may request a copy of the Defense Contract Audit Agency Pamphlet No. 7641.90, Information for Contractors. The pamphlet is available via the I…
  • FAR 31.105 Construction and architect-engineer contracts.
    …iece of equipment, or groups of similar serial or series equipment, from the contractor's accounting records. When such costs cannot be so determined, the contracting agency may specify the use of a particular schedule of predetermined rate…
  • FAR 49.206-1 Submission of settlement proposals.
    …ticular contract. Settlement proposals must be in reasonable detail supported by adequate accounting data. Actual, standard (appropriately adjusted), or average costs may be used in preparing settlement proposals if they are determined unde…
  • DFARS 204.7107 Contract accounting classification reference number (ACRN) and agency accounting identifier (AAI).
    Traceability of funds from accounting systems to contract actions is accomplished using ACRNs and AAIs. Follow the procedures at PGI 204.7107 for use of ACRNs and AAIs.
  • 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 16.103 Negotiating contract type.
    …ance information); (B) The nature of the additional risks (e.g., inadequate contractor's accounting system, weaknesses in contractor's internal control, non-compliance with Cost Accounting Standards, or lack of or inadequate earned value m…
  • 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 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…
  • 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 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…
  • DFARS 253.209-1 Responsible prospective contractors.
    …adequate financial resources to obtain needed facilities, equipment, materials, etc. (E) Accounting system and related internal controls. An assessment by the auditor of the adequacy of the prospective contractor's accounting system and re…
  • 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 16.104 Factors in selecting contract types.
    …or's technical capability and financial responsibility. (i) Adequacy of the contractor's accounting system. Before agreeing on a contract type other than firm-fixed-price, the contracting officer shall ensure that the contractor's accounti…
  • FAR 16.205-3 Limitations.
    …(2) a fixed-price incentive contract would not be more appropriate; (b) The contractor's accounting system is adequate for price redetermination; (c) The prospective pricing periods can be made to conform with operation of the contractor'…
  • FAR 31.109 Advance agreements.
    (a) The extent of allowability of the costs covered in this part applies broadly to many accounting systems in varying contract situations. Thus, the reasonableness, the allocability and the allowability under the specific cost principles a…
  • FAR 31.205-11 Depreciation.
    …of this subsection, allowable depreciation shall not exceed the amount used for financial accounting purposes, and shall be determined in a manner consistent with the depreciation policies and procedures followed in the same segment on non-…
  • 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 32.503-4 Approval of progress payment requests.
    (a) When the reliability of the contractor and the adequacy of the contractor's accounting system and controls have been established (see 32.503-3 above) the ACO may, in approving any particular progress payment request (including initial r…
  • 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 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 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 209.104-1 General standards.
    …ts based on costs or on a percentage or stage of completion, the prospective contractor's accounting system and related internal controls must provide reasonable assurance that— (i) Applicable laws and regulations are complied with; (ii) …
  • 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 242.7202 Policy.
    … to the standards in paragraph (d) of the clause at 252.242-7004, Material Management and Accounting System, so that the system— (1) Reasonably forecasts material requirements; (2) Ensures the costs of purchased and fabricated material ch…

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.