How to Record TINA Post-Award Disclosures
Records a reduction in contract price and revenue when defective pricing is discovered after award under the Truth in Negotiations Act (TINA).
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Contract Revenue - TINA Adjustment | Debit | 150,000.00 | - |
| Other Current Liabilities - Gov Refunds | Credit | - | 150,000.00 |
💡 Accountant's Note
If a contractor discovers that certified cost or pricing data was inaccurate or non-current at the time of agreement, a price reduction (including profit) must be recorded to reflect the corrected data.
Practitioner & Systems Framework
💻 ERP Architecture
Debit the specific revenue account for the impacted contract to maintain historical margin accuracy.
⚠️ Audit Flags
Voluntary disclosure to the DCAA/DCMA or post-award audit findings.
📄 Required Documentation
Certificate of Current Cost or Pricing Data and the post-award price negotiation memorandum.
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Discussion & Community Questions
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