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 ...