GovCon 101: What Contractors Should Know About Accounting For Government Contracts

GovCon 101: What Contractors Should Know About Accounting For Government Contracts

Summary of Keypoints The article introduces foundational accounting concepts for government contractors, building on prior discussions of Federal Acquisition Regulations (FAR) and government contract types. It is designed for contractors new to government accounting requirements, explaining how accounting practices differ when the federal government is the customer. The piece highlights why proper accounting is critical…

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