article thumbnail

IMA Expands Its Management Accounting Competency Framework

CPA Practice

Jason Bramwell The Institute of Management Accountants recently announced that it was expanding its competency framework for accounting and finance professionals. These broader, cross-functional skills are critical for finance and accounting professionals to succeed as the profession evolves, the IMA stated.

article thumbnail

Does My Accounting Software Meet DCAA Compliance?

Accounting Seed

Instead, DCAA audits check if your organization meets: Federal Acquisition Regulation (FAR) Cost Accounting Standards (CAS) And other government rules. You must verify your financial management meets DCAA standards regarding financial data security and accountability. You need to justify the time and costs spent on the contract.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. PwC put out a PDF in March: Accounting implications of tariffs. Thus we wanted to put a few things together that aren’t 4chan memes.

article thumbnail

Overview of Cost Accounting Standards (CAS) for Government Contractors

Cherry Bekaert

Among those regulations are the Cost Accounting Standards (CAS), which are one of the most common challenges faced by emerging government contractors. Moreover, some of the cost principles in FAR Part 31 incorporate specific standards. Table of Contents: What Are Cost Accounting Standards? Why Does CAS Exist?

article thumbnail

First Glimpse of 2025 Projected Salary Ranges For Public Accounting

CPA Practice

’Tis the season for staffing firms to release their salary prognostications for various accounting and finance roles for the upcoming year, and one of the first for 2025 comes from Atrium. The staffing and recruiting firm recently put out its 2025 Salary Guide , which includes a section for finance and accounting.

article thumbnail

Specializing an Accounting Business: What and How?

PANALITIX

Corporate Finance. Commercial Finance. Cost Accounting. To analyze and report (usually to management who may or may not be ‘financially literate’) on financial transactions that impact business performance. To enable transactions through capital raisings, feasibility analysis and other advice to increase business value.

Account 130
article thumbnail

Accountant Vs. Controller: What's the difference?

Basis 365

What is an accountant? Non-controller accountants generally perform more straightforward accounting tasks than controllers. These responsibilities include internal reports, cost accounting, tax auditing, and cost accounting.

Account 97