Each item definition includes all the design information for an object, including its shape, identification and properties, if any.
In IDX, every item definition and item instance has a unique identifier.
(28) The ACO should use reasonable business judgment to determine if a subcontract item complies with the commercial item definition
. (29) The requirement does not affect the contracting officer's responsibilities or determinations regarding obtaining cost or pricing data.
FAR Part 36 transactions are excluded from commercial item coverage, notwithstanding the fact that construction/A&E services meet the commercial item definition
. This is due to conflicts between the provisions of the two FAR parts.
However, the agent concluded, and the Service concurred, that the tenfold increase in pooled inventory was an increase only in the quantity of less expensive jewelry compared to more expensive jewelry, both of which the taxpayer carried at the time it changed its method of accounting for LIFO in fiscal year 2: A change in the degree to which certain items are carried in inventory did not constitute a "factual change related to Taxpayer's existing item definition
." Instead, the taxpayer affected the timing of income by altering the definition of items within a pool and changing the treatment of inventory, and, thus, made a change in accounting method under Regs.
The new item definition
identifies a hospital visit with multiple inputs as a single item; the current definition treats each input to a visit as a separate item.
To simplify LIFO inventory calculations, many companies use a broad item definition
that computes a single item cost for a group of related items (see Example 2).
Taxpayers and practitioners agree that IPIC usually mitigates the complexity of item definition
, one of the most difficult aspects of a regular LIFO calculation.
The Siemens model includes a global model of the manufacturing sites, class-based, generic process flows and objects, a normalized and reusable process object library, a normalized and reusable equipment library, and an externally "mappable" MBR module to accept master item definitions
, formulas, process routings, equipment classes, CPPs/CQAs (critical process parameters/critical quality attributes), etc.
The Section 809 panel recommends the harmonization of a wide array of statutory provisions to incorporate the commercial item definitions
adopted in FASA and FARA uniformly.