What’s in a name? We throw the names of indirect rates around as though everyone in the Government Contracting (GovCon) market understands them the same. …

Why do Auditors and Reviewers pick apart G&A (or ICR) expenses? What are they looking for? What supporting documents will approve the submission? First, each …

GovCon Basics New to selling to the federal government? From contract terms and conditions (T’s & C’s) to regulations, the knowledge base can be overwhelming. …

My definitional difference between the hands-on workers (e.g., Project Manager, Chief Engineer) and the administrative workers (e.g., Contract Administrator, Accounting Manager) in your company is …

Organizations that sell on contract to the federal government (Government) label regulatory or DCAA compliant Accounting Systems by many names. They all express the same …

Contracts funded by the U.S. Government are subject to the Federal Acquisition Regulations (FAR). Whether a prime contract, subcontract, or grant (or cooperative agreement), FAR compliance is …

The Defense Contract Audit Agency (DCAA) performs audits of prime contractor, subcontractor, and grantee (contractor) organizations. A DCAA audit does not negotiate or administer any contracts, but …

What is Job Costing? A new-construction developer must distinguish the cost of developing Apple Orchard Place separate from Business Park West, separate from Commercial Office …

What is the P&L?When we refer to financial statements, we generally mean: The Balance Sheet The Income Statement, also known as the Profit and Loss …