Cost Accounting Standards: General Dollar Magnitude vs. Detailed Cost Impacts

Cherry Bekaert: Government Contractors Guidance

In the fourth episode of Cherry Bekaert’s Cost Accounting Standards (CAS) podcast series, Brendan Halloran, a Director in Cherry Bekaert’s Government Contracting Industry practice, is joined by Jeff Annessa, a Senior Manager in the Firm’s Government Contracting practice. Bringing extensive knowledge and experience in the government contracting space, Brendan and Jeff discuss cost impacts, as well as the differences between General Dollar Magnitude (GDM) and Detailed Cost Impacts (DCI).

Brendan was previously a Divisional Administrative Contracting Officer (DACO) at the Defense Contract Management Agency (DCMA) and Jeff has spent over 13 years with the Defense Contract Audit Agency (DCAA), while also holding positions such as quality manager, supervisory auditor and field audit office manager.

• Tune in to find out more about:
• What cost impacts are
• When cost impact proposals are necessary
• Different types of cost impact proposals
• A detailed overview of GDM and DCI
• Cost Impact Materiality
• How to position the cost impact

Cherry Bekaert’s team of government contracting consultants have significant CAS experience and can help your growing government contracting business navigate CAS. If you have any questions specific to your situation, our consultants are available to discuss your situation with you. Contact us today.

If you haven’t already, catch up on other parts of the series :

• Cost Accounting Systems Series: Part 1 – A Comprehensive Overview
• Cost Accounting Systems Series: Part 2 – Considerations for Growing a GovCon
• Cost Accounting Systems Series: Part 3 – Implications When Acquiring Companies

Related Guidance

• Webinar Recording: Cost Accounting Standards (CAS): Part 1 – CAS Coverage Types, Common Standards, and CAS Applicability
• Webinar Recording: Cost Accounting Standards (CAS): Part 2 – Cost Accounting Changes and Impact

View all Government Contracting Podcasts