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Accounting for Government Contracts--Cost Accounting Standards | LexisNexis Store

A highly skilled professional who has previous experience in a similar role is strongly desired. Bachelors Degree and a minimum of 5 years experience for a federal Government contractor is a must.


  1. Cost Accounting Standards - Wikipedia.
  2. Cost Accounting Standards;
  3. Kingston (Images of America).
  4. 1. Clear Understanding of the Government's Requirements for Contractors.
  5. Commercial Item Contracting.

Veterans and Retirees are encouraged to apply! Employment with iFOS is at-will. Prepare and present financials and associated reports. Must be a fully involved specialist and be able to work harmoniously with both employees and other management personnel.

Must have good knowledge of general accounting theories, principles and practices with a solid knowledge of Government accounting. Coordinate audits with outside independent auditors and regulatory agencies DCAA , oversee preparation of required items. Establish and maintain accounting procedures and controls and monthly accounting calendar.

What is CAS?

With yet another government shutdown looming, contractors face a number of uncertainties and challenges that warrant close attention—regardless of whether a shutdown takes place or how long it lasts. Among other challenges, contractors may face a lack of incremental funding; the inability to enter into new contracts or contract modifications; closed government facilities; furloughed government employees; delayed payments; increased indirect costs; and unexercised and deferred contract options.

09-12-19 - Government Contract Accounting Live Training Event

Below we offer six suggestions to help address key areas impacted by a shutdown, including contract funding, internal and external communications, recordkeeping, and deadlines. Adam Proujansky and Ioana Cristei. Pension and other post-retirement benefit expenses have long constituted a substantial obligation on the part of contractors under cost-type contracts and are often the subject to disputes with the government as to the calculation and allowability of such costs.

While court and board decisions regarding pension-related disputes have tended to be a mixed bag, the decisions have more often sided with the government.

Merle M. DeLancey Jr. The rule completely changes how GSA will analyze vendor pricing for products and services.

Under the rule, vendors will eventually be required to submit monthly transactional data reports with information related to orders and prices under certain GSA Schedule contracts and other vehicles. While vendors should welcome the relief provided from the elimination of two burdensome regulations, the shift to TDR will not be without cost and risk; and, the eventual efficiencies promised by GSA remain to be seen.

Indeed, the impact of the change will likely extend beyond compliance burdens, with potential effects varying from the nature of False Claims Act suits to the potential publication of competitive information.


  • Government Contract Accounting|DCAA Compliance!
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  • We summarize these and other key takeaways from the new rule below, and answer questions important to vendors as GSA rolls out this significant development. Like this: Like Loading Gerber According to a recent U.