Compliance Blog

What growing businesses need to know about DCAA accounting system compliance
What is an Incurred Cost Proposal
Government contractors subject to FAR 52.216-7 are required to submit an adequate final indirect cost rate proposal within six months following the contractor’s fiscal year end. Learn the purpose of an Incurred Cost Proposal, the information required, and steps for submitting this report.
DCAA Compliance Resources & Guidance
Get up to speed on what is required for an adequate accounting system, know what to expect in an accounting system audit, and see how DCAA evaluates incurred cost proposal adequacy. We've compiled a list of key resources from DCAA that small businesses should be familiar with.
A Contractor’s Guide to the Indirect Cost Rate Life Cycle
The life cycle of indirect rates for a government contract includes estimated indirect rates for pricing, provisional rates for billing indirect costs, and final indirect rates to settle the actual indirect costs reimbursed by the contract. While government contractors focus on pricing to win and recover costs, their accountants determine the actual indirect costs through the company’s books of account.
ICAT Systems Launches Certificate Program in Cost Accounting for Government Contractors
ICAT Systems is excited to announce the first on-demand certificate program in government contract cost accounting. This comprehensive course is designed to help government contractors and their accounting professionals master the day-to-day accounting methods and compliance requirements for accounting system compliance, provisional billing rates, and final indirect cost rate proposals.
Leveraging Budget Insights for Proposal Pricing
Estimate expected indirect rates during the proposed contract's period of performance. Determine the impact of winning a new contracts. Calculate the weighted average base labor rate and fully-loaded labor rate. Prepare more accurate pricing proposals.