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Cost accounting is a process of collecting, analyzing, summarizing and evaluating various alternative courses of action. Its goal is to advise the management on the most appropriate course of action based on the cost efficiency and capability. -- Wikipedia

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DCAA compliant accounting systems - DCAA Audit and Government Contract

For non-major contractors there are twelve (12) key elements that you must pass. These are must haves, no exceptions, to secure approval for cost reimbursable contracts. Below not only have I listed the 12 key elements,
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