Cost allocation serves several purposes. Also referred to as cost apportionment, this practice of identifying the source of an expense and assigning the cost accordingly is an important factor in ...

Every business has a mission and specific goals. Without proper budgeting, meeting those objectives would be impossible. As a business owner, you want to increase your return on investment, so that ...

Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government contractors. This is the second article in a multi-part ...

In a prior article, I wrote about the appeal of counting the Federal Government as a customer, because of the size of the government’s budget, as well as its creditworthiness. In that article, I ...

In the face of mounting economic pressure, many government agencies are looking for ways to reduce their costs. One of the first areas to be affected is usually human resources, since this typically ...

The concepts of allowability, allocability, and reasonableness of costs address directly the legitimacy of a cost charged against a specific sponsored research award. Determination of allowability, ...

In the first article of this series of articles related to selling to the federal government, I discussed federal acquisition regulations (FAR), cost accounting standards (CAS) and the types of ...

This procedural statement governs the consistent treatment of the allocation of direct costs and indirect (F&A) costs charged to federal and non-federal grants, contracts, and other sponsored programs ...

Air Force Materiel Command captured more than $2.5 billion in cost savings for fiscal 2017, the second fiscal year in a row the command has achieved its strategic savings objective. “Financial ...