Cost Implications of Accounting Practices of the European Consortium Countries.
AIR FORCE INST OF TECH WRIGHT-PATTERSON AFB OHIO
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This report addresses selected accounting practices of the four European members of the F-16 Consortium viz. Belgium, Denmark, Netherlands, and Norway and compares these accounting practices to those of the U.S. The purpose of this study is to identify differences in accounting practices and to assess whether these differences might affect costs reported to the F-16 prime contractor andor the Air Force. Areas selected for review were depreciation costs, pension costs, and the use of reserves. Although only limited data were available, it was possible to identify a conservative bias in European accounting practices. This conservation has the result of increasing costs assigned to a given accounting period and thus, in turn, to the products andor contracts worked on during that period. Author
- Attack and Fighter Aircraft
- Administration and Management
- Logistics, Military Facilities and Supplies