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This Document is Obsolete and Is No Longer Used.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 9060.1A Eff. Date: May 02, 2016 Cancellation Date:	Accrual Accounting - Revenues, Expenses, and Program Costs
| TOC | Preface | Chapter1 | Chapter2 | Chapter3 | AppendixA | AppendixB | AppendixC | AppendixD | AppendixE | ALL |

Preface

P.1 Purpose

This NASA Procedural Requirements (NPR) document sets forth principles, requirements, and techniques for NASA accounting on an accrual basis, whereby financial transactions are recorded in the period of occurrence, even though related cash is disbursed or collected during another period. Use of the accrual method provides NASA management with financial data related to performance so that informed decisions may be made.

P.2 Applicability

a. This NPR is applicable to NASA Headquarters and NASA Centers, including Component Facilities and Technical and Service Support Centers.

b. In this directive, all mandatory actions (i.e., requirements) are denoted by statements containing the term "shall." The terms: "may" or "can" denote discretionary privilege or permission, "should" denotes a good practice and is recommended, but not required, "will" denotes expected outcome, and "are/is" denotes descriptive material.

c. In this directive, all document citations are assumed to be the latest version, unless otherwise noted.

P.3 Authority

a. The Chief Financial Officers Act of 1990, 31 United States Code (U.S.C.) § 902.

b. The National Aeronautics and Space Act, as amended, 51 U.S.C. § 20113(a).

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

P.4 Applicable Documents and Forms

a. Accounting and Auditing Act of 1950, Subsections 112(b) and 113 (b), as amended, 31 U.S.C. § 3512(e).

b. Statement of Federal Financial Accounting Standards (SFFAS) 4, Managerial Cost Accounting Standards and Concepts.

c. SFFAS 5, Accounting for Liabilities of the Federal Government.

d. SFFAS 7, Accounting for Revenue and Other Financing Sources and Concepts for Reconciling Budgetary and Financial Accounting.

e. SFFAS 30, Inter-Entity Cost Implementation: Amending SFFAS 4, Managerial Cost Accounting Standards and Concepts.

f. NASA Federal Acquisition Regulation Supplement (NFS) 1842.7201, NASA Contractor Financial Management Reporting, General.

g. NPD 9501.1, NASA Contractor Financial Management Reporting System.

h. NPR 9050.3, The Anti-deficiency Act.

i. NPR 9090.1, Reimbursable Agreements.

j. NPR 9250.1, Property, Plant, and Equipment and Operating Materials and Supplies.

k. NPR 9260.1, Liabilities.

l. NPR 9470.1, Budget Execution.

m. NPR 9501.2, NASA Contractor Financial Management Reporting.

n. NPR 9690.1, Investments.

o. Principles of Federal Appropriations Law (Red Book).

p. NASA Records Retention Schedules (NRRS) 1441.01.

P.5 Measurement/Verification

Quality assurance reviews and analysis of financial and budgetary reports and data submitted through the Continuous Monitoring Program (CMP) will be used to measure compliance with this NPR.

P.6 Cancellation

NPR 9060.1, Accrual Accounting - Revenues, Expenses, and Program Costs, dated September 30, 2008.

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