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What does SONC stand for?

SONC stands for Statement of Net Cost (finance)

This definition appears frequently and is found in the following Acronym Finder categories:

  • Military and Government
  • Business, finance, etc.

See other definitions of SONC

Other Resources:
We have 2 other meanings of SONC in our Acronym Attic

Samples in periodicals archive:

Recommendation: As part of SEC's planned corrective measures to improve controls over the Statement of Net Cost preparation, the Chairman should update the time and attendance system to establish preset active activity and project codes for all activities used by SEC in its process for allocating gross costs to program costs by the strategic goals presented in its Statement of Net Cost.
Costs and exchange revenues would be shown in a statement of net cost and nonexchange revenue and other financing would be shown in a statement of changes in net position.