Compliance with Government Accounting

Compliance with Government Accounting

 Compliance with government regulations is a crucial aspect of accounting, especially for firms that do business with the government. These regulations are often complex and can be challenging to navigate, leading to several potential issues. One of the most common...
Compliance with Government Accounting

What’s Congress’ Plan with the Budget?

Key terms you need to understand when processing a budget  1.  Appropriations Bill: This is a piece of legislation that authorizes the government to spend money. It is a bill that sets money aside for specific spending. In the United States, the Constitution states...
Compliance with Government Accounting

GC Accounting Mistakes

Common Accounting Mistakes in Government Contracting: How to Avoid Costly Errors Government contracting can be a lucrative opportunity for businesses to secure steady revenue streams and expand their operations. However, the world of government contracts is a complex...
Compliance with Government Accounting

Indirect Cost Allocation

Indirect cost allocation is a critical aspect of accounting, particularly for firms engaged in government contracts. These are costs not directly linked to a specific project or contract but are necessary for the overall functioning of the business, such as utilities,...
Compliance with Government Accounting

Islamic Finance

Islamic Finance: Understanding What is Permissible and Prohibited Islamic finance has gained significant prominence in recent years as an alternative financial system that adheres to the principles and guidelines of Islamic law, also known as Shariah. Built on the...
FedNow Implications

FedNow Implications

FedNow: What You Need to Know and How to Prepare FedNow is a new instant payment service that will be launched by the Federal Reserve in July 2023. It will enable customers at participating banks and credit unions to send and receive money within seconds, 24/7 and...