CPA Practice

OCTOBER 29, 2024

The Financial Accounting Standards Board (FASB) issued a plan on Oct. 29 to modernize guidance on the accounting for software costs, which the board said would enhance the transparency of an entity’s cash flows related to internal-use software costs. 27, 2025.

cost accounting 52

cost accounting Account accounted accountant 52

CPA Practice

FEBRUARY 13, 2023

Cost accounting and inventory management: This includes standard cost systems, activity-based costing, and cost-volume-profit analysis, among others. It’s essential for companies to effectively manage their inventory costs and control the manufacturing process. Here’s what it came up with.

Account 140

Account accounted accountant international accounting standards 140

Accounting Seed

MARCH 29, 2023

In a nutshell, being DCAA compliant means that the organization simply has systems and procedures in place to comply with the DCAA audit.

accounting software 52

accounting software Account accounted accountant 52

Withum

FEBRUARY 13, 2024

Receive an Incurred Cost Proposal Submission Estimate Government contractors that use Withum for their incurred cost proposals (ICP) save valuable time and resources and gain confidence in the accuracy, compliance and punctuality of their submissions. These regulations lay out the requirements for ICP submissions.

Government 80

Government audit accounting standards cost accounting 80

Cherry Bekaert

MAY 9, 2024

To be more specific, the FAR overhead rate is the ratio of allowable indirect costs to total allocable direct labor costs based upon provisions set by the FAR and Cost Accounting Standards. Q: Why is a FAR overhead audit needed?

audit 115

audit auditor Transportation Government 115

Withum

MARCH 29, 2023

If you receive federal awards, whether a grant or commercial contract, you are a government contractor and are subject to cost principles. As a result, you may be subject to cost accounting standards and acceptable business systems.

Non-Profits 69

Non-Profits Government accounting system accounting standards 69

Cherry Bekaert

JUNE 27, 2024

Complete a dry run-through of the DCAA questionnaire that is typically provided at the onset of an accounting system audit, which outlines the different kinds of cost accounting system practices, timekeeping practices, and general audit questions.

accounting system 52

accounting system Government audit Account 52

Cherry Bekaert

JULY 29, 2024

They also want to see fair and reasonable costs for subcontractors and other direct costs. The Cost Accounting Standards (CAS) also come into play if a contractor is CAS-covered. When Should a Contractor Consider a Cost Estimating System?

audit 52

audit Government accounting system accounting standards 52

Going Concern

JANUARY 27, 2023

9 focusing on its financial and cost accounting controls, it said Thursday in its 10-K. The agency said in 2020 that assumptions the company used from 2013 to 2019 were potentially not compliant with Cost Accounting Standards, regulations that govern cost accounting requirements for government contracts.

auditor 111

auditor accounting firms Account accounted 111