Tag Archives: allowability

DFARS Rule Clarifies Allowability of Costs Related to Counterfeit Electronic Parts

The Department of Defense has finalized its proposed rule addressing the allowability of costs of counterfeit electronic parts or suspect counterfeit electronic parts and the cost of rework or corrective action. The final rule in DFARS Case 2016-D004 amends the … Continue reading

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FAR 31 Series (Part 3, Direct and Indirect Costs)

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As we close in on the specific examples of allowable and unallowable costs in FAR 31.205, I wanted to discuss FAR 31.202 and FAR 31.203 dealing with Direct and Indirect costs. Direct Costs With direct costs, the regulation goes with an … Continue reading

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FAR Cost Principles Series (Part 2, Allowability, Reasonableness, and Allocability)

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As a former DCAA auditor, it was a primary goal for my position to find and report unallowable costs.  Recently, I have been hearing a lot more from the community in terms of making FAR 31.2 easier to understand.  This is pat 2 … Continue reading

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DCAA Under Fire Again

As a former Defense Contract Audit Agency (DCAA) auditor, I take interest in news stories and information coming out of that Agency.  The most recent news stories are beginning to hearken back to my days of being a new hire.  … Continue reading

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Is My Accounting System (Quickbooks) Compliant?

DISCLAIMER:  I am in no way promoting Quickbooks or other software in this post.  I am only seeking to clarify some fundamental misconceptions about DCAA-compliant accounting systems. I teach part-time in my spare time at a local community college.  One … Continue reading

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FAR Rule Addresses Costs of Foreign Contractor Excise Tax

The Department of Defense, General Services Administration, and National Aeronautics and Space Administration today issued a proposed rule that would amend the Federal Acquisition Regulation to address the 2 percent tax on certain foreign procurements imposed by the James Zadroga … Continue reading

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