DCAA Compliance Blog

Your Source for DCAA News and Information for Contractors

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!  


 

NSF & the NSF Accounting Requirements

Posted by Mike Anderson on Thu, Sep 25, 2014 @ 05:27 PM

Today ReliAscent conducted a webinar about the NSF accounting requirements, especially related to the SBIR Phase II award.  ReliAscent is partnering with Dawnbreaker® on this effort.  For those of you not familiar with Dawnbreaker®, they are a firm that NSF has contracted with to help NSF SBIR award winners to develop commercialization plans for the technology developed in the SBIR award.  The NSF noticed that there were a number of companies selected for a Phase II award and then declined an award due to failure in the verification process.  The NSF asked Dawnbreaker® to give some guidance on this subject to the companies they were working with.  This is where we came in.  Brian Sperry, a veteran of many years work with NSF SBIR grants, and I teamed up for the presentation.  I thought mentioning some of the highlights would be worthwhile here in the blog. 

The NSF looks at 3 basic things prior to award after a company's SBIR proposal has been selected.  These 3 areas are:

  • Adequacy of the Awardee's Accounting System (Go/NoGo)
  • Financial Viability of the Awardee (Go/NoGo)
  • Budgetary Review (Adjustment/Negotiation)
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Topics: NSF Accounting, NSF Grant Accounting


Fixed Price NSF Grant May Have Hidden Consequences.

Posted by Mike Anderson on Fri, May 02, 2014 @ 10:58 PM

When a company is awarded a Fixed Price award, specifically a fixed price NSF grant or SBIR grant, from the government, usually all the financial risk is on the contractor.  This means the government is less interested in how the company does their accounting.  The contractor is usually not burdened with audits of their accounting system, they do not need to calculate indirect billing rates and the type of accounting system is not a concern to the government.  The burden of completing the work assigned for the price agreed upon is enough risk for the company to bear.  Recently, there have been some incidences of items that might be of concern to  a company with a fixed price grant from the NSF.

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Topics: NSF Grant, SBIR Grant, NSF Grant Accounting