Noisy
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The world is being quietly rearranged by people who write very long documents.

Federal Register · January 17, 2025
The title they went with Conformance of the Cost Accounting Standards to Generally Accepted Accounting Principles for CAS 404 Capitalization of Tangible Assets and CAS 411 Accounting for Acquisition Costs of Material Noisy translates that to

Federal contractors can finally use modern accounting rules for assets and materials

What happened
The US government wants to update its accounting rules for federal contracts. This means contractors could use the same modern accounting principles they use for their commercial business.
Why it matters
For decades, federal contractors had to use a separate, older set of accounting rules for government work. This added complexity and cost, especially for companies that also operate in the commercial market. Aligning these rules means less administrative burden and potentially more companies willing to bid on federal contracts.
The signal
Watch for the final rule and how quickly major federal contractors adopt the new accounting standards in their bids.
If you insist
Read the original →