Greenhouse Gas Emissions: Understanding and Reporting on Scopes 1, 2, and 3
Many organizations are actively working to diminish their greenhouse gas (GHG) emissions. When tracking and reporting progress, the terms ‘Scopes 1, 2, and 3 emissions’ are frequently used. But what do these designations mean? Scopes 1, 2, and 3 Defined The ‘scopes’ for reporting come from the Greenhouse Gas Protocol (GHG Protocol), an international organization…
Compliance Tips & Tools for 8(a) and Small Business Government Contractors
If you are a small business or an 8(a) contractor, U.S. Government compliance requirements can seem overwhelming. We’ve got you covered! Join our accounting and contracting experts for real-world tips and recommendations to help you with your financial reporting. We’ll provide an overview of requirements for both 8(a) government contractors, plus requirements for other small…
Mastering Your Statement of Functional Expenses
A statement of functional expenses is fundamental to nonprofit accounting. While providing a comprehensive breakdown of your expenditures, a functional expense statement also helps to enhance the accuracy and transparency of your nonprofit financial reporting. Not to mention, failure to accurately report functional expenses on your Form 990 could put your organization’s nonprofit status in…
Strategies for Indirect Cost Recovery for Fixed Price Government Contractors
By Paul Calabrese, Principal Government contracts come in various forms, each with its own set of rules and requirements. Critical to a contractor’s financial health, indirect costs are treated differently in fixed-price contracts compared to cost-reimbursable contracts. While fixed-price contractors may not face the same disclosure and cost build-up demands as their cost-reimbursable counterparts, they…
Update on DCAA Current Initiatives
Are you in the loop when it comes to the latest guidance issued by DCAA? Join GRF Principal of Outsourced Accounting & Advisory Services and GovCon expert, Paul Calabrese, who will review DCAA’s current guidance on audit procedures including incurred cost proposals, business systems and defective pricing. The session will also cover the contractor submission…