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Cost Accounting Standards/FAR Cost Principles

The U.S. Government has established nineteen (19) cost accounting standards to be used by contractors in order to establish uniformity and consistency in how costs charged to the Government are measured and assigned to contracts. The standards are also used in determining the allocability of costs on negotiated procurements. The standards, developed in the 1970s for defense contracts, have since been expanded to be applicable on a government-wide basis.

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