Rose Report:

Issue 22 – Navigating DCAA

The State of Affairs

There’s a lot of decision-making involved in starting a new business: office space, a logo, employees, whether it will be a corporation or a limited liability company.

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Finance vs Accounting: Forwards and Backwards

Accounting and finance both deal with money management, but there are distinct differences between the two disciplines. Accounting looks backwards at the work already done, whereas finance looks ahead with projections and helps with planning.

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Navigating DCAA Audits

Many contractors have misconceptions about what it means to be DCAA compliant. “Sometimes there’s a misunderstanding,” says Jeanne McMillen, a partner at Rose Financial Services.

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