NASA Procedures and Guidelines
This Document is Obsolete and Is No Longer Used. Check the NODIS Library to access the current version: http://nodis3.gsfc.nasa.gov
NPR 9250.1 Eff. Date: September 30, 2008 Cancellation Date: January 06, 2011	Property, Plant, and Equipment and Operating Materials and Supplies
| TOC | Preface | Chapter1 | Chapter2 | Chapter3 | Chapter4 | Chapter5 | Chapter6 | Chapter7 | Chapter8 | AppendixA | AppendixB | ALL |

Preface

P.1. Purpose

This NASA Procedural Requirements (NPR) document provides the financial management requirements for the identification, valuation, accounting and reporting of capitalized Property Plant and Equipment (PP&E) and Operating Materials and Supplies (OMS).

P.2. Applicability

This NPR is applicable to NASA Headquarters and NASA Centers, including Component Facilities and Technical and Service Support Centers. This language applies to JP, other contractors, grant recipients, or parties to agreements only to the extent specified or referenced in the appropriate contracts, grants, or agreements.

P.3. Authority

a. Chief Financial Officers (CFO) Act of 1990, Public Law 101-576

b. Government Management Reform Act (GMRA) of 1994, Public Law 103-356, Sec. 403

c. Federal Financial Management Improvement Act (FFMIA) of 1996, Public Law 104-208

d. 2 Code of Federal Regulations (CFR) Part 215, "Uniform Administrative Requirements for Grants and Other Agreements with Institutions of Higher Education, Hospitals and Other Non Profit Organizations."

e. Federal Acquisition Regulations (FAR)

f. Federal Property Management Regulations (FPMR)

g. OMB Circular No. A-11, Preparation, Submission and Execution of the Budget, Section 33 and Appendix B

h. OMB Circular No. A-110, Uniform Administrative Requirements for Grants and Agreements With Institutions of Higher Education, Hospitals, and Other Non-Profit Organizations

i. OMB Circular No. A-123, Management's Responsibility for Internal Control

j. OMB Circular No. A-127, Financial Management Systems

k. OMB Circular No. A-136, Financial Reporting Requirements

l. NASA Policy Directive (NPD) 9010.2, Financial Management

m. Statement of Financial Accounting Standards (SFAS) No. 2, Accounting for Research and Development Costs

n. Statement of Federal Financial Accounting Standards (SFFAS) No. 3, Accounting for Inventory and Related Property

o. SFFAS No. 6, Accounting for Property, Plant and Equipment (as amended by SFFAS Numbers 14, 16, and 23)

p. SFFAS No. 8, Supplementary Stewardship Reporting (as amended by SFFAS Numbers 16 and 23)

q. SFFAS No. 10, Accounting for Internal Use Software

r. SFFAS No. 29, Heritage Assets and Stewardship Land

s. Federal Accounting Standards Advisory Board (FASAB), Federal Financial Accounting Technical Release 7, "Clarification of Standards Relating to the National Aeronautics and Space Administration's Space Exploration Equipment"

t. NASA Policy Directive (NPD) 9010.2, "Financial Management"

P.4. Applicable Documents

a. NASA Federal Acquisition Regulations Supplement (NFS)

b. NPD 1200.1, "NASA Internal Control"

c. NPD 1440.6, "NASA Records Management"

d. NPD 9501.1, "NASA Contractor Financial Management Reporting System"

e. NPR 1441.1, "NASA Records Retention Schedule"

f. NPR 4200.1, "NASA Equipment Management Procedural Requirements"

g. NPR 5800.1, "Grant and Cooperative Agreement Handbook (14 CFR 1204, 1260, 1274)"

h. NPR 7120.5, "NASA Space Flight Program and Project Management Requirements"

i. NPR 7120.7, "NASA Information Technology and Institutional Infrastructure Program and Project Management Requirements"

j. NPR 7120.8, "NASA Research and Technology Program and Project Management Requirements"

k. NPR 7123.1, "NASA Systems Engineering Processes and Requirements"

l. NPR 7150.2, "NASA Software Engineering Requirements"

m. NPR 8800.15, "Real Estate Management Program Implementation Manual"

n. NPR 9501.2, "NASA Contractor Financial Management Reporting"

o. NASA Continuous Monitoring Program

P.5. Measurement/Verification

Quality control reviews and analysis of financial and budgetary reports and data submitted through the continuous monitoring program will be used to measure compliance with this NPR.

P.6. Cancellation

None

/S/
Terry Bowie
NASA Deputy Chief Financial Officer

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