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Activating Cumulative Overhead without DIMP switch note 1954307

Government contractors have a requirement to apply overhead costs based on a fiscal year.   SAP offers this capability via the cumulative overhead solution. Cumulative Overhead allows businesses to allocate overhead costs based on the year. With standard overhead processing, overhead is applied to projects each period and calculates overhead for
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The Basics of Government Contract Accounting

Government Contract Accounting (GCA) is the maintenance of an organization's official financial books and accounting records, its policies, and procedures, all of which facilitate the tracking of, reporting on, and billing for, all costs, for any government contract, in accordance with the Federal Acquisition Regulation (FAR).  In order to meet
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10 Keys to Evaluating DCAA Compliant Accounting Software

What are the 10 keys to Evaluating DCAA Compliant Accounting Software? Let's approach this on a question and answer basis. Q: Who is the DCAA? A: The DCAA is the Defense Contract Audit Agency. It was established as a separate agency of the Department of Defense in July 1965 and
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Government Compliance in SAP

The issue of accounting system compliance does not completely revolve around the software itself. Certainly a key consideration is the functionality and capability of the software employed, but even more important is the network of practices and procedures required for compliance. And most important of all are the internal control
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