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10.28.15

Cost Accounting 101: Understanding Product Costs and Pricing

Cost accounting is a systematic set of procedures manufacturers use for recording and reporting measurements of the cost of manufacturing goods and performing services.  It includes methods…

8.29.15

The Price is Right – Effectively Recovering Overhead When Pricing Contracts

Accurate contract pricing is absolutely critical if a contractor is to maintain profitability.  Effective pricing can almost always be directly linked to the contractor’s ability to…

6.9.15

Tone at the Top: How Management Can Prevent Fraud in the Workplace

The connection between fraud and the “tone at the top” of a company has received international attention over the last few years.  Tone at the top refers…

3.30.15

Understanding FAR Overhead Calculations and Audits for Architecture and Engineering Firms

In recent years, more and more architectural and engineering (“A/E”) firms are finding that they must have an audited overhead rate in accordance with the…