DCAA Compliance Blog

Your Source for DCAA & FAR Compliance News and Discussion

ReliAscent® LLC is the only government contract accounting firm that specializes in all aspects of government contracting compliance.  From our DCAA compliant accounting services, to monthly government contract accounting for all government agency awards, contract management & administration, and financial services & planning, our goal is to ensure the success of our clients, and all small business government contractors and grantees.  

In our DCAA Blog, we discuss the latest government contracting news from the Federal Government, the DCAA, and DCMA, as well as promotions offered by ReliAscent, and helpful tools and resources for contractors.

We hope you will visit and take part in the discussions on our blog on a regular basis. If you ever have any questions or would like to discuss how our experts can help, do not hesitate to contact us at any time!  


 

Where did the FAR come from?

Posted by Mike Anderson on Tue, Aug 20, 2013 @ 04:18 PM

Most contracts with the Federal Government are governed by the regulations set forth in the Federal Acquisition Regulations (FAR).  While most government contractors have heard of the FAR, and may have some familiarity with it, many do not know where these regulations came from and why they are important.  The FAR was created following a statue from the Office of Federal Procurement Policy within the Office of Management and Budget in 1979.  The purpose of this statute was to create and implement a uniform procurement system.  The FAR became effective in 1984 (a mere 5 years later), again proving that most things take time, especially related to the government.  The actual FAR regulation is contained in Title 48 of the Code of Federal Regulations, Parts 1 through 53.  This regulation is used by all Federal Executive agencies in their acquisition of supplies and services using appropriated funds.

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Topics: FAR, government contracting, CFR, federal acquisition regulations


Government Contracting Accounting Requirements

Posted by Mike Anderson on Mon, Aug 12, 2013 @ 12:00 PM

Ok, so you have an award from the government and you understand that there are requirements on how your accounting system is set up and operated.  Where do these requirements come from?  How do you know what needs to be done to make your accounting system compliant?  I think it makes sense to understand the "rules of the playground".  This review is fairly superficial but will help you, as a Federal Award participant, to understand more of the "why" and where it is coming from.  This overview may also help you understand some of the other terms and conditions that are always attached to a Federal Award.

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Topics: FAR, government contractor, GAAP, CFR, OMB, government contract accounting