NASA Procedural Requirements

NPR 9060.1B Effective Date: April 24, 2023 Expiration Date: April 24, 2028

Subject: Accrual Accounting - Revenues, Expenses, and Program Costs

Responsible Office: Office of the Chief Financial Officer

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” denote a discretionary privilege or permission, “can” denotes statements of possibility or capability, “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. Authority and functions of agency Chief Financial Officers, 31 United States Code (U.S.C.) § 902.

b. Executive agency accounting and other financial management reports and plans, 31 U.S.C. § 3512(e).

c. The National Aeronautics and Space Act, 51 U.S.C. § 20113 et seq.

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

P.4 Applicable Documents and Forms

a. NASA Federal Acquisition Regulation Supplement (NFS), Contractor Financial Management Reporting, 48 CFR §1842.72.

b. NPR 4300.1, NASA Personal Property Disposal Procedural Requirements.

c. NPR 9090.1, Partnership Agreements – Financial Requirements and Administration.

d. NPR 9260.1, Liabilities.

e. NPR 9501.2, NASA Contractor Financial Management Reporting.

f. NRRS 1441.1, NASA Records Retention Schedules.¹

g. Federal Accounting Standards Advisory Board (FASAB), Statement of Federal Financial Accounting Standards (SFFAS) 4: Managerial Cost Accounting Standards and Concepts.

h. SFFAS 7: Accounting for Revenue and Other Financing Sources and Concepts for Reconciling Budgetary and Financial Accounting.

i. SFFAS 55: Amending Inter-entity Cost Provisions.

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 9060.1A, Accrual Accounting – Revenues, Expenses, and Program Costs, dated May 2, 2016.

DISTRIBUTION:
NODIS

This document does not bind the public, except as authorized by law or as incorporated into a contract. This document is uncontrolled when printed. Check the NASA Online Directives Information System (NODIS) Library to verify that this is the correct version before use: https://nodis3.gsfc.nasa.gov.