Government contract accountings exhaustive scope is set forth in the course curriculum below its coverage includes not only general accounting concepts as they relate to government contracting but the specifics of cost principles cost accounting standards accounting for claims special accounting problems and profit. Government contract cost accounting system adequacy and dcaa compliance a critical pre requisite to government contracting and particularly to negotiated contracts is an adequate cost accounting system the need for a compliant accounting system depends on the contractors circumstances and contract types. Government contract cost accounting commercial organizations new to the federal marketplace face unfamiliar accounting reporting and regulatory requirements when government sales grow beyond certain thresholds organizations become subject to an expanded range of additional accounting requirements. Cas cost accounting standards federal laws that certain contractors and subcontractors must follow when they enter into government contracts. The fps government contract accounting certificate will demonstrate that you have completed a rigorous number of hours of progressively comprehensive programs in government contract accounting learn more
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