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Understanding the Importance of a DCAA Approved Accounting System

Capital Edge Consulting

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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Project Account Groups in Deltek Costpoint for Government Contractors

Redstone Government Consulting

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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Cost Accounting Standards Guide and CAS Requirements for Government Contractors

Capital Edge Consulting

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.

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Contractor’s dispute over cost-accounting standards has roots dating back 17 years

Federal News Network

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.

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Export-Import Bank taking open-minded approach on the use of generative AI tools

FedScoop

The Export-Import Bank of the United States is among the agencies opting for a more permissive approach to generative AI tools, providing employees the same kind of access the independent agency has for access to the internet, according to its top IT official. “We We’re also actually encouraging our staff to play with this,” Spira said.

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Cost Accounting Standards - What Contractors Need to Know

Capital Edge Consulting

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.

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What is Really Important to Know About FAR Part 31?

Redstone Government Consulting

Government regulations can be complex and perhaps even confusing. For those of you experienced in Government contracts and even contract audits, you have heard of the Federal Acquisition Regulation or FAR and, FAR Part 31, Contract Cost Principles and Procedures. There is a lot there, but what’s really important?

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