Acceptable Accounting System. The Contractor shall maintain the acceptable/approved status of their Accounting System and submit updates to the current status
Acceptable Accounting System. An acceptable accounting system is a system that is approved by the OASIS CO and provides for the proper segregation, identification, accumulation, and allocation of direct and indirect costs for government procurements Acceptable Accounting Systems are mandatory. The Contractor must maintain an acceptable accounting system for the entire term of OASIS. The Contractor shall notify the OASIS CO and designated OCO for affected task orders, in writing, if there are any changes in the status of their accounting system and provide the reasons for the change and copies of audit reports, as applicable. Only those Contractors that maintain an acceptable accounting system, as approved by the OASIS CO, shall be eligible for task order solicitations.
Acceptable Accounting System. An acceptable accounting system is a system that is approved by the OASIS CO, in consultation with the Defense Contract Audit Agency (DCAA) and provides for the proper segregation, identification, accumulation, and allocation of direct and indirect costs for government procurements Acceptable Accounting Systems are mandatory. The Contractor must maintain an acceptable accounting system for the entire term of OASIS. The Contractor shall notify the OASIS CO and designated OCO for affected task orders, in writing, if there are any changes in the status of their accounting system and provide the reasons for the change and copies of audit reports, as applicable. Only those Contractors that maintain an acceptable accounting system, as approved by the OASIS CO, shall be eligible for task order solicitations.
Acceptable Accounting System a) An acceptable accounting system is a system that is approved by the PCO, in consultation with the Defense Contract Audit Agency (DCAA), and provides for the proper segregation, identification, accumulation, and allocation of direct and indirect costs for government procurements.
Acceptable Accounting System. Accounting system means the Contractor’s system or systems for accounting methods, procedures, and controls established to gather, record, classify, analyze, summarize, interpret, and present accurate and timely financial data for reporting in compliance with applicable laws, regulations, and management decisions, and may include subsystems for specific areas such as indirect and other direct costs, compensation, billing, labor, and general information technology. The Contractor must maintain an acceptable accounting system for the entire term of BMO. The Contractor shall notify the BMO CO and designated OCO for affected task orders, in writing, if there are any changes in the status of their accounting system and provide the reasons for the change and copies of audit reports, as applicable. Acceptable accounting system means a system that provides reasonable assurance that —
Acceptable Accounting System. Small Businesses shall provide either CAS disclosure statements (in Section 1 above) or evidence of an acceptable accounting system as described in DFARS 252.242- 7006(a)(1) and System Criteria described in 252.242-7006(c). SECTION 3 - Other information such as Government Furnished Property/Government Furnished Equipment (GFP/GFE), base support, long lead costs, termination costs, development/production schedule, inflation rate summary and explanation, life cycle cost, and special tooling/test equipment. List each exception to the ground rules and assumptions provided in the solicitation and each qualification of the Cost/Price volume, if any. Provide complete rationale for any exceptions. If an offeror proposes to absorb a portion of costs or provides other benefits to the Government which affects cost/price, the offeror shall explain the impact on cost/price. Include any information which may have a bearing on your financial capability to perform the contract. If you are proposing a joint venture, describe how you will handle financial matters.
