The governments cost accounting rules govern what costs the government will or wont pay ie cost allowability and how much of those costs theyre willing to pay ie cost allocability political and socio economic policy frequently underpin the cost allowability rules. When cost accounting to determine what may be a reasonable and fair price you must consider the cost for the product or service you provide thats your starting point consider whether or not the costs are fair after you and the other party agree you can discuss a fair profit and price many companies generate a majority of their business through government contracts contracts with . Government contract cost accounting this book is a comprehensive guide to planning and implementing government contract cost accounting required with us federal government contracts. Critical government contract cost accounting and financial compliance section schedule oct 29 2020 to dec 17 2020 type online fixed date days th time 1200pm to 140pm dates oct 29 2020 to nov 19 2020
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