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?

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accounting standards cost accounting Government accountant 52

Lockstep

OCTOBER 19, 2022

In Part I Email Blunders That Cost Accountants Time and Money of this series, we took a look at some of the most common email blunders that can cost accountants time and money. In Part II, we’ll take a look at some more email blunders that can trip up even the most experienced accounting teams.

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cost accounting accountant Account accounted 76

Cherry Bekaert

JUNE 27, 2024

If significant system deficiencies are identified and not corrected, the DoD can impose substantial consequences, such as withholding a percentage of payment or deeming a contractor ineligible to submit bids. Table of Contents: What Are the Requirements for an Adequate Accounting System?

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accounting system Government audit accountant 52

Lockstep

OCTOBER 12, 2022

In this three-part blog series, we’ll take a look at some of the biggest email blunders that can cost accountants time and money. We’ll focus on issues like mail merging, sending information to the wrong customer, and more. Part 1: Email Blunders That Cost Accountants Time and Money.

cost accounting 52

cost accounting accountant Account accounted 52

CPA Practice

OCTOBER 31, 2024

By Jim Wesloh Navigating the challenging landscape of cost accounting within the framework of federal contracting requires an understanding of both the Federal Acquisition Regulation (FAR) and Generally Accepted Accounting Principles (GAAP). A sample chart of accounts for government contractors is available to download below.)

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accountant Account accounted Government 120

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.” This aspect underscores the system’s flexibility while maintaining its rigor.

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Government general ledger audit accounting system 115

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.

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accountant Account accounted bookkeeping 97