Cost Accounting Standards Board Disclosure Statement (Form DS-2 2025

1. Click ‘Get Form’ to open it in the editor.
2. Begin with the Cover Sheet and Certification section. Fill in your institution's name, address, and contact information. Ensure you mark the appropriate reporting unit type.
3. Proceed to Part I: General Information. Provide a description of your cost accounting system and indicate how costs are recorded for federally sponsored agreements.
4. In Part II: Direct Costs, detail the criteria for charging costs directly to federally sponsored agreements. Describe direct materials, personal services, and other direct costs.
5. Move to Part III: Indirect Costs. Identify how indirect costs are accumulated and allocated. Specify the allocation bases used for each indirect cost pool.
6. Complete Part IV: Depreciation and Use Allowances by entering codes that describe your depreciation methods and useful life determinations for various asset categories.
7. In Part V: Other Costs and Credits, explain how leave costs are charged and how applicable credits are handled.
8. If applicable, fill out Part VI regarding Deferred Compensation and Insurance Costs, detailing pension plans and insurance programs.
9. Finally, if you're part of a central system office or group office, complete Part VII on cost accumulation and allocation.

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