NASA Procedural Requirements

NPR 9260.1A Effective Date: February 09, 2015 Expiration Date: February 09, 2029

Subject: Liabilities (Revalidated with Change 2 April 19, 2023)

Responsible Office: Office of the Chief Financial Officer

Chapter 8 Other Liabilities

8.1 Overview

8.1.1 This chapter prescribes procedures for handling the accounting for other liabilities not otherwise classified in this NPR for which no budgetary obligation exists.

8.2 Recognizing Other Liabilities

8.2.1 NASA will recognize a liability for amounts received in advance for future delivery of goods or services in the amount of revenue that has not been earned. This applies whether or not the revenue is classified as an advance or prepayment.

8.2.2 NASA will report intragovernmental liabilities separately from those due the public.

8.2.3 NASA will recognize a liability for amounts in clearing accounts or suspense accounts that are awaiting disposition or reclassification.

8.2.4 NASA will recognize a liability for deposits held and maintained on behalf of a third party. This includes undeposited collections, as well as collections on deposits awaiting disposition.

8.3 Roles and Responsibilities

8.3.1 Agency CFO is be responsible for reporting other liabilities in compliance with U.S. Treasury and other U.S. Government requirements.

8.3.2 Director, FMD, Agency CFO shall prepare and submit to the NASA CFO reports on other liabilities that are in compliance with U.S. Government requirements.

8.3.3 NSSC financial management staff and CCFOOs will record other liabilities in accordance with U.S. Government requirements.

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.