Accounting System Design
Federal Government contractors’ accounting systems must comply with the requirements of the Federal Acquisition Regulation (FAR) for US Government prime contracts and subcontracts and in some instances may need to comply with the Cost Accounting Standards (CAS). We will assist in reviewing, designing, developing and implementing accounting systems that comply with the requirements of the FAR and CAS. The accounting system will provide for the accumulation of direct and indirect costs as well as the allocation of indirect costs. The accounting systems that we develop for our clients are designed to provide meaningful financial reports for the management of individual contracts and the company as a whole. Our goal is to provide an accounting system that meets or exceeds the requirements of FAR and CAS as well as the internal needs of company managers.