Remove accounted Remove cost accounting Remove Government
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Does My Accounting Software Meet DCAA Compliance?

Accounting Seed

To be a successful government contractor, your business processes need to be Defense Contract Audit Agency (DCAA) compliant. Successfully completing a DCAA audit ensures the legality of your operation and helps you continue acquiring government contracts. All of this requires highly flexible and automated accounting software.

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A Trump Tariff News and Information Roundup Without the Social Media Hot Takes

Going Concern

It’s been difficult to sort out actual news — particularly news relevant to accounting and finance professionals — from the excess of noise. said Mark Ludwig, head of national trade advisory services at RSM, the largest US accounting firm outside the Big Four.

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Common Accounting Mistakes: Government Edition - Issue #11 What is GAAP?

SMBAccountant

Many small business government contractors are exempt from complying with cost accounting standards (CAS) and defined by the code of federal regulations (CFR). However, compliance with generally accepted accounting principles (GAAP) is required. These should be integrated in any federal contractors accounting policies.

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Common Accounting Mistakes: Government Edition - Issue #10 Indirect Rate Calculations and Associated Risks

SMBAccountant

Indirect rates are not exclusive to government contractors. As part of any cost accounting management system, rates are determined in order to apply costs that are not directly related to a product or service. Direct costs are expenses directly associated with a product or service.

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Cost Accounting Standards (CAS): A Comprehensive Overview for Government Contractors

Cherry Bekaert

Cost Accounting Standards (CAS) are 19 standards and rules promulgated by 41 U.S.C. They are designed to achieve uniformity and consistency in cost accounting practices and to improve the accuracy of cost data by ensuring its basis on consistent definitions and principles.

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Cost Accounting Standard Considerations for a Growing GovCon

Cherry Bekaert

Contact Us The post Cost Accounting Standard Considerations for a Growing GovCon appeared first on Cherry Bekaert. If you have any questions specific to your situation, our GovCon consultants are available to discuss your situation with you.

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Cost Accounting Standards (CAS) Series: Implications When Acquiring Companies

Cherry Bekaert

In the third episode of Cherry Bekaert’s Cost Accounting Standards (CAS) podcast series, Brendan Halloran , a Director with Cherry Bekaert Advisory, is joined by Jeffery Annessa , a Senior Manager in Cherry Bekaert’s Government Contractor Industry practice, to discuss CAS implications during mergers and acquisitions.