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Cost Accounting Standards Board: Function & Background

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

The Cost Accounting Standards Board was established in:

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1. The Cost Accounting Standards Board primary focus is:

2. The Cost Accounting Standards Board standards are applicable to government contracts over $500,000, making up what percent of the dollars spent?

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About This Quiz & Worksheet

The worksheet and quiz, which are both mobile-friendly resources, help you check your comprehension of the Cost Accounting Standards Board. The function and background of this board are covered on the quiz.

Quiz & Worksheet Goals

Take the quiz to assess your knowledge of:

  • Primary focus for the Cost Accounting Standards Board
  • When CASB was established
  • What the Cost Accounting Standards Board is made up of
  • The number of standards that were published by the CASB

Skills Practiced

  • Information recall - make sure you remember the percentage of government contracts applicable to the CASB standards
  • Reading comprehension - ensure that you draw the most important information from the lesson on the CASB
  • Interpreting information - verify that you can read information about the primary focus for the CASB and interpret it correctly

Additional Learning

You can cover more standards-related topics by going through the lesson called Cost Accounting Standards Board: Function & Background. Use this lesson to:

  • Determine what taxpayers should care about
  • Review the structure of the CASB
  • Examine the history of CASB
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