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Cost Accounting Standard (CAS) 420 – Accounting for IR&D Costs and Bid & Proposal B&P Costs

Redstone Government Consulting

Cost Accounting Standard (CAS) 420 outlines accounting standards for Independent Research and Development (IR&D) and Bid & Proposal (B&P) costs incurred by government contractors, ensuring consistent and transparent reporting.

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Cost Accounting Standard (CAS) 408 - Accounting for Costs of Compensated Person Absence

Redstone Government Consulting

Cost Accounting Standard (CAS) 408 was put in place to provide consistency in the measurement and allocation of vacation, sick leave, holiday, and other compensated personal absences. Today, many contractors refer to all paid time off as “PTO.”

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Contractor’s dispute over cost-accounting standards has roots dating back 17 years

Federal News Network

Sikorsky Aircraft and the Defense Department have been arguing in court for the past 17 years, over the company’s compliance with cost-accounting standards. So, what happens, if you’ve got a contract that’s subject to the full cost accounting standards, you have to submit a disclosure statement. Zach Prince Yes.

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Cost Accounting Standards (CAS) Decoded: Best Practices for Government Contractors

Public Contracting Institute

Cost Accounting Standards (CAS) Decoded: Best Practices for Government Contractors As a government contractor, navigating the complex world of Cost Accounting Standards (CAS) can be a daunting task. Mastering CAS: The series To become a true expert in Cost Accounting Standards, consider enrolling in the CAS: The Series.

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How to Hold Your Team Accountable

GovLoop

Whether it’s a missed deadline, unprofessional behavior or maybe even a commitment issue, there are certain behaviors that supervisors have to hold their employees accountable for. Here are a few top takeaways from the session: Accountability Begins with You: “You have to think ‘me’ first,” said Smith.

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The Basics of Accounting System Requirements for Government Contractors

Redstone Government Consulting

The Costpoint team at Redstone GCI recently concluded a great event with Deltek, during which DCAA representatives gave a great keynote session on Accounting System Requirements (or SF1408) , which was followed by another informative session by our group on how Costpoint meets those requirements.

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2023 Year End Unanet Accounting Checklist for Government Contractors

Redstone Government Consulting

Below, we’ve created a compact list of action items for your Unanet accounting system at year end. It’s the most wonderful time of the year! Please don’t hesitate to call us to walk through this year end checklist with one of our consultants to help guide you.