Redstone Government Consulting

OCTOBER 14, 2024

Every small business that receives a Federal Government cost reimbursable contract is expected, by the Defense Contract Audit Agency (DCAA), to have a “sound internal control environment, accounting framework, and organizational structure.”

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Whistleblower Network News

SEPTEMBER 25, 2024

Credit for photo – Davíð Þór Guðlaugsson The post Samherji vs. Odee: Art, Accountability, and the Limits of Parody appeared first on Whistleblower Network News. The outcome of this trial, scheduled for September 25, 2024, could set a precedent for the ability of corporate power to silence criticism.

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FedTech Magazine

JULY 15, 2024

The remnants of a stint in the federal workforce can include agency-logo coffee mugs and pictures with elected or appointed bosses, but still-active IT accounts should not be among the occupational leftovers.

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Redstone Government Consulting

JULY 10, 2024

In the June 27, 2024 Federal Register , the Cost Accounting Standards Board (CASB) put out a notification that it was looking for input on its efforts to conform Cost Accounting Standards (CAS) to Generally Accepted Accounting Principles (GAAP) for Compensated Personal Absence (CAS 408) and Depreciation of Tangible Capital Assets (CAS 409).

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Redstone Government Consulting

MAY 20, 2024

For cost accounting under Federal government contracts, including your contracts that are not CAS covered, deferred compensation must be measured based on the requirements of CAS 415.

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GovLoop

DECEMBER 19, 2023

Whether it’s a missed deadline, unprofessional behavior or maybe even a commitment issue, there are certain behaviors that supervisors have to hold their employees accountable for. Here are a few top takeaways from the session: Accountability Begins with You: “You have to think ‘me’ first,” said Smith.

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Government Contracts

OCTOBER 15, 2024

for $15 million to turn over its business accounts to ISC, which said the accounts are needed to perform work for customer Lockheed Martin. A Colorado state judge entered an emergency order Monday forcing a Colorado aerospace company that sold its assets to California-based Interconnect Solutions Co.

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AWS Public Sector

MAY 10, 2024

Solution overview: Associating multiple AWS accounts to publish and consume data from Amazon DataZone Most real-world workloads involve managing data from multiple sources, which can become complex very quickly without a way of cataloging the data. AWS Glue Data Catalog with metadata in the producer account.

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GovCon Wire

JUNE 10, 2024

Nasdaq: SAIC), has joined Pyramid Systems as vice president of client account delivery. Kelli Murphy, formerly a senior principal for business development at Science Applications International Corp.

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Redstone Government Consulting

JUNE 12, 2024

The Costpoint group at Redstone Governtment Consulting concluded a great event with Deltek in April during which DCAA representatives gave a keynote session on Accounting System Requirements (or SF1408). Just reading the SF1408 can be confusing or make the requirements seem complicated.

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Federal News Network

MAY 15, 2024

Sikorsky Aircraft and the Defense Department have been arguing in court for the past 17 years, over the company’s compliance with cost-accounting standards. So, what happens, if you’ve got a contract that’s subject to the full cost accounting standards, you have to submit a disclosure statement. Zach Prince Yes.

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Government Contracts

OCTOBER 4, 2024

The Federal Circuit on Friday revived Boeing's suit claiming the Defense Contract Management Agency wrongly adjusted contractual cost claims using a regulation that clashes with a federal cost accounting statute, finding the case was essentially a contract dispute and not a disallowed regulatory challenge.

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Redstone Government Consulting

DECEMBER 13, 2023

Below, we’ve created a compact list of action items for your Unanet accounting system at year end. It’s the most wonderful time of the year! Please don’t hesitate to call us to walk through this year end checklist with one of our consultants to help guide you.

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Capital Edge Consulting

AUGUST 28, 2024

In government contracting, maintaining a DCAA-approved accounting system is crucial. The Defense Contract Audit Agency (DCAA) enforces strict guidelines to ensure that contractors’ accounting systems meet the standards required for compliance. Key Takeaways: Overview of DCAA Approved Accounting System essentials.

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ExecutiveBiz

JUNE 20, 2024

Jason Motte has been appointed as strategic account manager of federal mission support at Rancher Government. In his new role, Motte will use his knowledge of cyber operations and strategic initiatives to help customers embrace digital transformation, the Reston, Virginia-based company announced Thursday. Previously, Motte served as a U.S.

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Government Contracts

AUGUST 27, 2024

Navy pled guilty Tuesday to accounting fraud as part of a settlement to resolve criminal and civil investigations. A shipbuilder that contracts with the U.S.

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Government Contracts

AUGUST 26, 2024

Government Accountability Office has denied Ernst & Young LLP's protest over a $107.8 million accounting services deal in support of U.S. Transportation Command, awarded to KPMG LLC, finding that the agency reasonably evaluated both companies' proposals.

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Redstone Government Consulting

OCTOBER 4, 2023

One key feature that makes Deltek Costpoint the top solution for government contractors is its ability to manage the segregation of direct and indirect costs , especially through its Project Account Groups.

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Capital Edge Consulting

AUGUST 14, 2024

Two Quick Ways to Fail DCAA T imekeeping Requirements The federal government is the biggest purchaser of goods and services, so it's important that you have a good grip on your accounting practices. DCAA’s position, as in other cost accounting practices, is that “if it isn’t documented, it didn’t happen.”

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Redstone Government Consulting

JUNE 24, 2024

Cost Accounting Standard (CAS) 409 provides the criteria for assigning costs (i.e., depreciation) of tangible capital assets to cost accounting periods and allocating those costs to contracts in an objective and consistent manner.

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Redstone Government Consulting

APRIL 29, 2024

The Costpoint team at Redstone GCI recently concluded a great event with Deltek, during which DCAA representatives gave a great keynote session on Accounting System Requirements (or SF1408) , which was followed by another informative session by our group on how Costpoint meets those requirements.

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Capital Edge Consulting

SEPTEMBER 4, 2024

Two Quick Ways to Fail DCAA T imekeeping Requirements The federal government is the biggest purchaser of goods and services, so it's important that you have a good grip on your accounting practices. DCAA’s position, as in other cost accounting practices, is that “if it isn’t documented, it didn’t happen.”

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FedScoop

APRIL 11, 2024

Digital Registry, a database for tracking official government social media accounts, mobile websites, and apps. Part of the goal was to better track government social media efforts — and update an earlier federal social media registry meant to help people verify that government accounts were authentic. Government digital platforms.”

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Redstone Government Consulting

SEPTEMBER 20, 2023

The question is, will the accounting structure and approach to the company’s accounting practices have to change?

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Redstone Government Consulting

JUNE 5, 2024

CAS 404 provides the criteria for determining whether to assign the cost of a capital asset as a period expense when acquired or capitalize the item as a tangible asset and spread the cost over two or more accounting periods.

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Public Contracting Institute

MAY 14, 2024

Cost Accounting Standards (CAS) Decoded: Best Practices for Government Contractors As a government contractor, navigating the complex world of Cost Accounting Standards (CAS) can be a daunting task. Mastering CAS: The series To become a true expert in Cost Accounting Standards, consider enrolling in the CAS: The Series.

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Public Contracting Institute

JULY 5, 2024

In the complex world of government contracting, understanding and implementing Cost Accounting Standards (CAS) is crucial for success. Today, we’re diving deep into CAS 406, which focuses on establishing and adhering to cost accounting periods.

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ExecutiveBiz

NOVEMBER 29, 2023

Special Operations Command, has assumed the position of account executive for the Special Operations Command unit of SOS International. Chris Pateras , formerly director of operations at the U.S.

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Redstone Government Consulting

JANUARY 3, 2024

QuickBooks is considered a government-compliant accounting system and can definitely get the job done for a lot of small government contractors. However, there may come a time when you need to change your accounting system to something that is designed with government contractors in mind.

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Capital Edge Consulting

AUGUST 23, 2024

Two Quick Ways to Fail DCAA T imekeeping Requirements The federal government is the biggest purchaser of goods and services, so it's important that you have a good grip on your accounting practices. DCAA’s position, as in other cost accounting practices, is that “if it isn’t documented, it didn’t happen.”

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ExecutiveBiz

FEBRUARY 12, 2024

Douglas Munro has assumed the position of vice president and chief accounting officer at technology firm Mercury Systems , transitioning from the role of corporate controller. He succeeds Michelle McCarthy and will oversee accounting operations and financial reporting, Mercury said Thursday.

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Capital Edge Consulting

SEPTEMBER 24, 2024

Two Quick Ways to Fail DCAA T imekeeping Requirements The federal government is the biggest purchaser of goods and services, so it's important that you have a good grip on your accounting practices. DCAA’s position, as in other cost accounting practices, is that “if it isn’t documented, it didn’t happen.”

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Public Contracting Institute

JULY 8, 2024

Introduction to CAS 405 and Unallowable Costs In the complex world of government contracting, understanding and properly accounting for unallowable costs as per Cost Accounting Standard (CAS) 405 is crucial for success. Ready to enhance your CAS 405 compliance and overall contracting proficiency?

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ExecutiveBiz

JUNE 5, 2024

Former Internal Revenue Service Chief Information Officer Nancy Sieger has joined Guidehouse’s public sector financial services practice as a partner and IRS account leader. on Wednesday.

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ExecutiveBiz

MAY 28, 2024

Traw, who possesses over 15 years of accounting and finance leadership, will be tasked with the establishment of a scalable infrastructure that maintains compliance while remaining in line with organizational goals, NSTXL said Wednesday. The National Security Technology Accelerator has appointed Jessica Traw as chief financial officer.

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Redstone Government Consulting

NOVEMBER 8, 2023

Most contractors that have contracts/subcontracts subject to full CAS coverage will eventually want to make a change to a cost accounting practice because there is a “better” allocation method or a change is required to remain in compliance with CAS.

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GovLoop

DECEMBER 1, 2022

The Federal Flexible Spending Account Program (FSAFEDS), administered by HealthEquity, Inc., FSAFEDS provides three account options to support the needs of employees and their families. All three work by automatically deducting money from each paycheck — before payroll taxes —and putting it into an account.

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