If you work in the Government acquisition world, this podcast is for you.

When do you need an “approved” accounting system?  What does “approved” actually mean?  Who approves it?  What is the difference between adequate, acceptable, and approved accounting systems?

Kevin and Paul answer these questions and discuss the reasons why the Government requires contractors to build rigor into cost accounting systems in order to accumulate and allocate different cost elements.  Learn how the requirements for accounting systems (and other business systems) scale as the size and complexity of contracts grows.