Cost Accounting Standard Considerations for a Growing GovCon
Cherry Bekaert
NOVEMBER 6, 2023
Contact Us The post Cost Accounting Standard Considerations for a Growing GovCon appeared first on Cherry Bekaert.
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Cost Accounting Standards—General Dollar Magnitude vs. Detailed Cost Impacts
Cherry Bekaert
JULY 30, 2024
In the fourth episode of Cherry Bekaert’s Cost Accounting Standards (CAS) podcast series, Brendan Halloran , a Director in Cherry Bekaert’s Government Contracting Industry practice, is joined by Jeff Annessa , a Senior Manager in the Firm’s Government Contracting practice.
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Overview of Cost Accounting Standards (CAS) for Government Contractors
Cherry Bekaert
JUNE 25, 2024
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?
Contractor Business Systems Series: Part 1 — The Ins and Outs of Government Contractor Accounting System Requirements
Cherry Bekaert
JUNE 27, 2024
Per these rules, the DoD will conduct audits or reviews of the adequacy of these systems. The remaining three are reviewed (not audited) by the Defense Contract Management Agency (DCMA). Per 252.242.7005(d)(2), it is the sole purview of the contracting officer (CO) to determine system adequacy.
How Government Contractors Can Master the Art of Timekeeping
CPA Practice
JUNE 19, 2024
government contracts account for over $700 billion annually , a significant portion of which hinges on the ability for contractors to “establish and maintain an acceptable accounting system” which includes “timekeeping” and “labor distribution.” By Jim Wesloh U.S.
Accountant Vs. Controller: What's the difference?
Basis 365
FEBRUARY 1, 2023
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. Controllers manage the accounting system of organizations.
Contractor Business Systems Series: Part 2 – Cost Estimating System Requirements
Cherry Bekaert
JULY 29, 2024
When Should a Contractor Consider a Cost Estimating System? What Areas Are Evaluated During a Defense Contract Audit Agency (DCAA) Estimating System Audit? What Should Be Included in an Estimating System Manual? How Should a Contractor Prepare for the Estimating Systems Clause Requirement?
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