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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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Accounting software keeps small business out of federal market

Federal News Network

Jim Wesloh Well, we focus on government contract accounting, including timekeeping expense reports, the entire general ledger and project management and project reports. Or do the accounting for my government programs, and not worry about commercial contracts if they had the commercial contracts before? Jim Wesloh Yes.

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Kelli Murphy Joins Pyramid Systems as VP of Client Account Delivery

GovCon Wire

Nasdaq: SAIC), has joined Pyramid Systems as vice president of client account delivery. Kelli Murphy, formerly a senior principal for business development at Science Applications International Corp.

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Cost Accounting Standard (CAS) 415 – Accounting for the Cost of Deferred Compensation

Redstone Government Consulting

For cost accounting under Federal government contracts, including your contracts that are not CAS covered, deferred compensation must be measured based on the requirements of CAS 415.

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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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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.