CPAs and Advisors with Your Growth in Mind

DCAA and Other Agency “Hot Buttons”

Many contractors deal only with DCAA on audit matters. For several years, we have presented a webinar on the latest developments concerning DCAA. 2018 has been a slow year for DCAA with few new matters arising. However, a substantial number of contractors do business with other agencies who conduct contract audits. Further, many contractors also receive grants or cooperative agreements from various agencies that have audit requirements in them. In this webinar, the speakers addressed issues with audits by other agencies and audits of grants and cooperative agreements.

Revenue Recognition – Transition Methods

Now is the time. ASC 606 is effective for private entities on January 1st of next year. If you’re like many, you might feel behind. However, there is still time to catch-up and minimize the chances of any disruptions or unwanted surprises. One of the first decisions you’ll have to make is what transition method you’ll choose. ASC 606 allows entities to make a choice between full retrospective and modified retrospective, commonly called the cumulative adjustment method.

Revenue Recognition (Topic 606) Disclosures

This course should assist attendees in applying the disclosure requirements of ASC 606. This presentation provides a general overview of those requirements for both public and private entities and reviews examples.