Tag Archives: FAR

Indirect Costs

Posted on December 5, 2012 by jamies

In order to understand the calculation of an indirect cost, it is best to first discuss the difference between a direct cost and an indirect cost. A direct cost is any cost that is directly identifiable. For example, materials for … Continue reading →

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Demystifying the Payroll Process

Posted on December 2, 2010 by susanw

  Here at CJA we specialize in clients who work on federal government contracts. Below is our discussion of procedures necessary to keep the payroll records reconciled and in compliance with DCAA requirements, and to avoid delays when financial statements … Continue reading →

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Common Government Contractor Accounting Questions

Posted on August 1, 2010 by Cheryl Cooke, CPA

Here at CJA, we specialize in clients who work on federal government contracts. Below please find some common questions that we encounter: 1. What is an allowable/unallowable cost? When a government contractor wins a government contract, not only can the … Continue reading →

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Allowability of Meals and Entertainment Costs – Government Contractors

Posted on February 14, 2010 by Cheryl Cooke, CPA

A government contractor can most effectively determine the allowability of any cost by examining standards outlined by Federal Acquisition Regulation (FAR) on 31.201-2. Reasonableness in nature and cost Must follow the generally accepted accounting principles Must be within limitations specifically … Continue reading →

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