In this episode of Cherry Bekaert’s Government Contracting podcast, host Jonathan Reid, Director, is joined by Mike Cippel, Managing Director, to discuss the job differences between accounting managers, controllers and chief financial officers (CFO).

Tune in to learn more about:

• The definition of an accounting manager, controller and CFO
• Key differences between the three rolls
• Responsibilities expected in these roles
• Requirement to hold the positions
• What type of work environment to expect
• Skills needed to succeed in each role

Cherry Bekaert’s team of government contracting consultants has significant experience in outsourced accounting solutions. Our professionals provide regular updates, thought leadership, current and future state consulting, change management advisory and ready to stand up services. If you have any questions specific to your situation, our government contracting and tax consultants are here to discuss solutions tailored to you. Contact us.

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As of Monday, January 28, President Donald Trump has signed various executive orders requiring the halt of federal funding for various programs. This will allow the administration to determine the program’s alignment with legal and presidential priorities.

These orders impact funding for foreign aid, non-governmental organizations, diversity, equity and inclusion (DEI) programs, gender ideology, Green New Deal initiatives, as well as funding under the Inflation Reduction Act (IRA) and Infrastructure Investment and Jobs Act (IIJA) programs.

Eric Poppe, a Managing Director in Cherry Bekaert’s Government Contracting Industry practice, is joined by Jeff Annessa, a Senior Manager in the Firm’s Government Contracting practice who spent 13+ years with DCAA, to discuss what this means for government contractors moving forward.

Listen to learn more about:

• What it means when an organization receives a stop work order
• How to understand the terms and conditions of the contract or award
• When to reach out to your contracting officer
• The flow down of responsibilities for prime contractors vs. subcontractors when receiving a stop-work order or a termination of contract
• The importance of documenting all costs and expenses
• The differences between terminations of fixed price and cost-plus contracts or awards
• Strategies to control and mitigate costs
• Steps you can take to help minimize the settlement process timeline
• Ways to maximize cost recovery during settlement or negotiations

Cherry Bekaert’s team of government contracting professionals has significant experience with the complexities and challenges of navigating these types of executive orders. If you have any questions specific to your situation, our government contracting consultants are available to discuss your situation with you.

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In this episode of Cherry Bekaert’s Government Contracting podcast, we discuss what to consider when planning the cost of a project. Eric Poppe, a Managing Director in the Government Contracting Industry practice, is joined by Jonathan Reid, a Director in Outsourced Accounting Services.

Tune in to learn more about:

• What to expect when reporting cost
• Impact revenue recognition on the cost of a project
• Tax impacts
• Financial reporting considerations
• Compliance requirements
• Setting up a project for joint venture
• Companies who aren’t in government but work with Government Contractors

Cherry Bekaert’s team of government contracting professionals have significant experience in accounting and reporting. As more guidance comes forth, we are here to provide regular updates and thought leadership to guide your journey forward. If you have any questions specific to your situation, Cherry Bekaert is here to discuss solutions tailored for you. Contact us.

View all Government Contracting Podcasts