Policies, Procedures, Internal Controls

This section addresses Adequacy of Accounting, Bid Proposal, Management and related systems.

Keep aware of the 4 Key Regulations:

1.Generally Accepted Accounting Principles (GAAP)      

2.Truth In Negotiation Act (TINA)

3.Cost Accounting Standards (CAS) 

4.Federal Acquisition Regulation (FAR) - and Supplements

The DCAA (Defense Contract Audit Agency) and other government auditors, use all of the above in their oversight and regulation of government contract cost and pricing.

Assigning Fringes as Direct or Indirect
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Tracking Cost Versus Developing Pricing for Bids - (Client paid $1,500 for this)
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Policy Manual Template
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Incurred Cost Inquiry: Travel & Client Expenses - Are they B&P or G&A cost?
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DCAA Checklists You Should Never Be Without
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Applying G&A on Subcontract Cost - T&M Effort
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Audit Alert - Allowability of Lodging, M&IE - FAR 31.205-46
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Ineligible Dependent Health Care Benefit Costs
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DCAA Contract Accounting System Requirements - You Can Do It!
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Impact on Labor of Declared Holiday by Executive Order
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FAR Amended to Include Guidance on Adequate Incurred Cost Submissions (ICS)
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Direct Labor Hours versus Dollars as Allocation Base
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Employee vs 1099 - Some Cost & Pricing Issues To Consider
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Screening for Unallowable Cost - Protect Yourself
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Total Time Accounting and Uncompensated Overtime - Are You Giving Away Hours?
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Indirect Pools and Bases - Are we Double-Dipping? Advantages/Disadvantages to Number of Pools?
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Travel Vouchers - Options for handling how timing of processing impacts accuracy
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Adding Markup on Direct Travel - What is Reasonable?
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Limitations on Pass Through Charges - Current DCAA Guidance
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The Relationship Between DCAA and DCMA - (Paul Sr. recommendeds this as a must read!)
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Federal Contractors and Teleworking. Is it allowable and can it be proposed?
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