Goodwill Impairment – Simplified
On January 26, 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2017- 04, Intangibles – Goodwill and Other (Topic 350): Simplifying the [...]
Federal Acquisition Regulation on the Best Seller List?
The U.S. General Services Administration (GSA) has released the first ever iBook version of the Federal Acquisition Regulation (FAR). While the FAR may never be [...]
Costs Related to Extraordinary Reviews of Unsettled Overhead Costs
On September 28, 2016, DCAA removed Chapter Seven from the Contract Audit Manual (CAM) and released a new seventy-five chapter document entitled “Selected Areas of [...]
How to Qualify as a Small Business Government Contractor
So you are considering or have decided that you want to do business with the United States Government. Why not when the government spends over [...]
Independent Research and Development Cost Allowability
The Department of Defense has issued a final DFARS rule requiring contractors to engage in technical interchanges with the DoD before such costs are generated. [...]
Contract Termination for Convenience – A Coming Reality?
Today’s political and budgetary environment will most likely lead to changes in procurement priorities and reduced government spending levels. These realities, reflected in contract terminations [...]
Why Contract Briefs are Important
Preparation of Contract Briefs are often a forgotten and generally disregarded tool of contract management that can prove very useful in improving cash flow through [...]
On the Road to Increasing the Recovery of Travel Expenses
Travel expenses, while they may not be one of your largest costs, depending on your contractual requirements, could easily be one of the most scrutinized [...]
Basic Government Cost Accounting Compliance Requirements
Even in today’s economic environment there are many companies, both start-up and established, that are looking to do business with the Federal government and its [...]
Understand Your Indirect Expense/Overhead Rate Structures
One of the least appreciated and most maligned tools in management’s toolbox is the indirect expense or overhead rate structure. The indirect expense rate structure [...]