NeoSystems Blog Center


Classifying Costs - How FAR Would You Go?

By Jerry Falvey  | March 20, 2014 | Comments (2)

Interested in gaining a better understanding of when a cost should be charge to an intermediate cost objective or a final cost objective? What is the difference between the two? Sometimes just understanding how expenses fit into the definition of the two types of cost objectives can be confusing.  Throw in determining if the expense should be charged to overhead or G&A and then selecting the correct general ledger account - you have the potential for time consuming and confusing effort....
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Posted in: Managed Accounting Services

Have Provisional Rates Made it On Your 2014 Resolutions?

By Jerry Falvey  | January 10, 2014 | Comments (0)

It’s that time of year again: determining provisional rates for FY2014. Provisional indirect rates, that is, your fringe, overhead, and general administrative costs have a direct impact on your cost reimbursable contract cash flow. Indirect rates also assist in developing cost estimates in respons...
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Posted in: Functional

Insight Session: What to Expect with the DCAA in 2014

By Jerry Falvey  | October 08, 2013 | Comments (0)

Boston had the “Big Dig”. Golf Channel has the “Big Break”. DCAA has a “Big ICE Backlog”. NeoSystems will be talking about DCAA plans and efforts to clear the ICE backlog of over 25,000 incurred cost proposals totaling over $313B. ...
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Posted in: Functional, Managed Accounting Services

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