Banking

Government Contractors: How to Build a Successful Foundation for DCAA Compliance

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Executive Summary

As a government contractor, one may have heard that the organization must have an accounting system that is approved by the Defense Contract Audit Agency (DCAA) to do business with the U.S. Department of Defense. No such requirement exists. DCAA does not certify accounting systems - they accept accounting systems. This podcast talks about how to build a successful foundation for DCAA accounting compliance from two industry experts. The speakers of this podcast share insights and established standards for managing the labor and other direct costs associated with government contracts using the Microsoft Dynamics SL financial management solution.

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