Tag Archives: DCAA

FAR and CAS Intersection

There is always a discussion looming in the corners of every government cost accounting conference or training session about the linkages between FAR and CAS.  Most of the banter includes phrases like “but I don’t have CAS-covered contracts” or “I … Continue reading

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Cost is King

During my stay with DCAA, the focus was always (as it should have been) on costs.  Flexibly priced contracts represent the highest risk to the government according to the “rules.”  I could show you some spreadsheets that probably indicate a … 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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5 Things You Need to Know About the DFARS Business System Rule

As noted in a post last year, contractor business systems rules have changed in the DFARS and are now in effect.  Under the new rules, the government can withhold 5 percent of a contractor’s payment if any of the company’s business … Continue reading

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Happy Holidays – the New Year Approacheth

Incurred Cost submission time is fast approaching (as well as some much needed down time for many government contractors).  On the other side of the new year is the great unknown, the void of time in man a compliance and … Continue reading

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Do YOU “Make too Much” as a Government Contractor?

Congress is poised to reduce how much the government pays defense contractors as reimbursement for the salaries they give their employees.  The government has a cap on how much it will pay for salaries of each defense contractor’s top five … Continue reading

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The Business System Rule

Allow me to play a little devil’s advocate here.  I have seen a lot of action on the contractor side as many companies scramble to either put in place or guard against what they think is going to happen from … Continue reading

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