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.

Accountability 94

Accountability Government Government Consulting 94

Capital Edge Consulting

SEPTEMBER 4, 2024

Insight by: Norman McCord, Senior Manager Summary Timekeeping for government contractors is essential. Labor is among the largest contract cost recorded to Government contracts. Labor is among the largest contract cost recorded to Government contracts. It also helps the auditor to determine if Total Time Accounting is used.

Accountability 52

Accountability Government Government Internal Control 52

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.

Media 70

Media Accountability Government Government 70

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.

Accountability 52

Accountability Government Government IT 52

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.

Accountability 59

Accountability Government Contracts Government Government 59

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. Conducting cost and price analysis Cost and price analysis is a critical component of government contracting.

Accountability 52

Accountability Government Government Price 52

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.”

Accountability 61

Accountability Internal Control Contract Government 61

Redstone Government Consulting

MARCH 20, 2024

Cost Accounting Standard (CAS) 408 was put in place to provide consistency in the measurement and allocation of vacation, sick leave, holiday, and other compensated personal absences. Today, many contractors refer to all paid time off as “PTO.”

Accountability 100

Accountability Government Government Contract 100

Federal News Network

JUNE 10, 2024

A shrinking number of companies seem to want to do business with the federal government. Jim Wesloh Well, we focus on government contract accounting, including timekeeping expense reports, the entire general ledger and project management and project reports. Especially small businesses. Jim Wesloh Yes. Jim Wesloh Yes.

Accountability 98

Accountability Government Contracts Contract Bidding 98

Government Contracts

NOVEMBER 27, 2024

Government Accountability Office says the Air Force must reconsider its award of an $83 million task order, saying the veteran-owned small business protesting the award possessed the requisite certification following a merger.

Accountability 52

Accountability Government Government IT 52

Redstone Government Consulting

AUGUST 28, 2024

CAS 416 provides criteria for the measurement of insurance costs, the assignment of such costs to cost accounting periods, and the allocation to final cost.

Insurance 52

Insurance Accountability Price Government 52

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.

Accountability 52

Accountability Government Contracts Contract Government 52

ExecutiveBiz

NOVEMBER 18, 2024

Don McMaster, a seasoned business development leader, announced on LinkedIn on Saturday that had been appointed federal health account executive at American Systems.

Accountability 52

Accountability Engineering Government Contracts Management 52

Government Contracts & Investigations

JANUARY 31, 2024

Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government contractors. This Cost Corner focuses accounting for unallowable costs. The applicable Cost Principle is FAR 31.201-6, Accounting for Unallowable Costs.

Accountability 52

Accountability Government Contracts Price Government 52

FedScoop

NOVEMBER 21, 2024

The Modernizing Data Practices to Improve Government Act ( H.R. which cleared the House Oversight and Accountability Committee, is the companion piece to a Senate bill that was introduced in September. The post House bill to modernize government data, extend CDO Council moves out of committee appeared first on FedScoop.

Data 107

Data Government Government Accountability 107

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. One reason it has been running so long is the government keeps asserting violations but takes no action. The way you implement that is somewhat up to you. Zach Prince Yes.

Accountability 101

Accountability Demand Contract Government 101

AWS Public Sector

NOVEMBER 20, 2024

However, government agencies, educational institutions, and nonprofits face unique challenges in adopting and deploying generative AI. Strict data governance protocols are typically required. The major components are an AWS account, AWS IAM Identity Center, and Amazon Bedrock.

Government 98

Government Government Accountability Education 98

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.

Accountability 52

Accountability Import Internal Control Government Contracts 52

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).

Accountability 94

Accountability IT Government Government 94

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.

Accountability 52

Accountability Transportation Transportation Evaluation 52

Capital Edge Consulting

AUGUST 14, 2024

Insight by: Norman McCord, Senior Manager Summary Timekeeping for government contractors is essential. Labor is among the largest contract cost recorded to Government contracts. Labor is among the largest contract cost recorded to Government contracts. It also helps the auditor to determine if Total Time Accounting is used.

Accountability 52

Accountability Internal Control Distribution Consulting 52

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.

Accountability 67

Accountability Consulting IT 67

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.

Accountability 52

Accountability Buyers IT 52

GovCon & Trade

OCTOBER 19, 2023

We defined CSOs as “another pathway for nontraditional technology companies to provide goods and services to the federal government. We recently authored an article for Reuters examining Commercial Solutions Openings, a contracting mechanism through the Department of Defense (DoD), which seeks innovative commercial technologies or services.

Government 147

Government Government Price Innovation 147

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.

Accountability 52

Accountability Government Contracts Price Contract 52

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.

Accountability 52

Accountability Contract Management Contract Management 52

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.

Accountability 52

Accountability Internal Control Price Government Contracts 52

Capital Edge Consulting

AUGUST 23, 2024

Insight by: Norman McCord, Senior Manager Summary Timekeeping for government contractors is essential. Labor is among the largest contract cost recorded to Government contracts. Labor is among the largest contract cost recorded to Government contracts. It also helps the auditor to determine if Total Time Accounting is used.

Accountability 52

Accountability Internal Control Distribution Consulting 52

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.

Accountability 59

Accountability Government Government 59

GovCon & Trade

DECEMBER 21, 2023

I recently authored an article for Law360’s Expert Analysis column outlining a joint notice issued by the Information Security Oversight Office (ISOO), which offers guidance to government contractors regarding entity eligibility determination (EED) requirements for joint ventures.

Government 147

Government Government Contract Accountability 147

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.

Accountability 52

Accountability Contract 52

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.

Accountability 52

Accountability Contract Price Government 52

Capital Edge Consulting

SEPTEMBER 24, 2024

Insight by: Norman McCord, Senior Manager Summary Timekeeping for government contractors is essential. Labor is among the largest contract cost recorded to Government contracts. Labor is among the largest contract cost recorded to Government contracts. It also helps the auditor to determine if Total Time Accounting is used.

Accountability 52

Accountability Internal Control Distribution Consulting 52

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.

Accountability 52

Accountability Price Government Government 52

PNWC's Government Contracting Update

JUNE 11, 2024

A transcribed interview by the founder of PROCAS discusses some of the 'compliance' issues that small businesses face when pursuing or thinking of pursuing Government contracts. This interview focuses on Accounting and Timekeeping systems and other requirements of the SF 1408 (Accounting Systems).

Accountability 40

Accountability Government Contracts Contract Government 40

Government Contracts Legal Forum

JUNE 11, 2024

It All Adds Up” is Crowell & Moring’s podcast covering the latest government contract accounting, cost, and pricing developments. Listen : Crowell.com | PodBean | SoundCloud | Apple Podcasts The post Government Contracts appeared first on Government Contracts Legal Forum. Spoiler alert: the devil’s in the details.

Government Contracts 52

Government Contracts Government Government Contract 52

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.

Accountability 59

Accountability Insurance Participation Utilities 59