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REGISTER HEREPROVEN FAR PART 31 ACCOUNTING COMPLIANCE
We’ve worked with virtually every funding agency for over 40 years, and have an excellent reputation with DCAA, DFAS & the Inspectors General.
FAR 52.216-7 – THE ALLOWABLE COST CLAUSE, embedded in your contract or grant, makes it a cost – type funding award
When FAR 52.216-7 is embedded in the terms and conditions of your award, it means you’ve received a cost-reimbursable type funding award. As a result, award recipients are obligated to maintain project cost accounting records for billing and reporting purposes in accordance with Federal Acquisition Regulation (FAR) Part 31, as well as the unique supplemental regulations published by each agency. All of the funding agencies shown below embed FAR 52.216-7 either explicitly or implicitly (NSF) thereby subjecting funding recipients to audits.
KEEP YOUR GOVERNMENT GRANT & CONTRACT ACCOUNTING COMPLIANT
Put Our Certified Public Accountants To Work For You
Department of Defense (DOD)
DOD awards come with Defense Contract Audit Agency (DCAA) Audit oversight. This means strict compliance with the FAR and DFAR regulations. Good thing you have Jameson CPAs on your side.
National Institutes of Health (NIH)
NIH funding is subject to the NIH Grants Policy Statement, including quarterly SF-425 reporting, Uniform Guidance and DFAS Audits. With Jameson on board, you can focus on your business.
Department of Energy (DOE)
A financial award from the DOE means innovation and advancement. It also means annual audits. Whether it’s an ARPA-E, EERE, or other funding source, with Jameson CPAs you’ll be ready.
National Science Foundation (NSF)
Today, the agency uses an annual budget of $8.3 billion (FY 2020) to initiate and support scientific and engineering research, issuing approximately 12,000 grants a year for an average duration of three years.
Our clients trust us to act as their government accounting department because we see their business activity in three dimensions, understanding the financial impact as it relates to:
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Financial Statements
The true economic effect and the effect on cash flow.
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Income TAX Returns
The real overall cost including the tax impact.
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Government Cost Recovery
The ability to recover your expenses in accordance with the FAR, CAS and specific Agency supplemental regulations.
READY TO GET STARTED?
Whether you’re new to the world of government funding or have multiple Federal grants and contracts, we can help you!