Accounting for government contracts requires compliance with complex rules and standards in additional to the requirements of GAAP.  In order to ensure maximum profitability and mitigate financial risk due to government audits, it is imperative that contractors understand these rules, standards and requirements.

Global Defense Consulting will help you to understand these government accounting and reporting requirements. Our professionals have extensive experience with the accounting and administrative challenges faced by today’s government contractors.  With our comprehensive service offering, we are able to offer expertise on issues throughout the contracting process and the life cycle of your business.  From Request for Proposal to contract closeout, for start-up companies to large businesses or from your first contract win to preparing to sell your business, Global Defense Consulting will help you to succeed.  We stand ready to assist you in the following service areas:

• Preparation of indirect rate strategies, methods and calculations
• Preparation of Incurred Cost Submissions
• DCAA audit support, liaison and issue resolution
• Assessment of adequacy of overall accounting system pursuant to Pre Award and Post Award Accounting System Audits
• Analysis of the allocability, allowability, and reasonableness of costs under the Federal Acquisition Regulations (FAR) and Cost Accounting Standards (CAS)
• Government billing issue resolution
• Development of direct and indirect cost rates
• Development of forward pricing and provisional rate proposals
• Development of Requests for Equitable Adjustment (REA)
• CASB Disclosure Statement preparation and revision
• Policy and procedure preparation and compliance review
• Contract administration, review and closeout services