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

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 necessaryDifferent types of cost impact proposalsA detailed overview of GDM and DCICost Impact Materiality How to position the cost impactCherry 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 OverviewCost Accounting Systems Series: Part 2 – Considerations for Growing a GovConCost Accounting Systems Series: Part 3 – Implications When Acquiring CompaniesRelated GuidanceWebinar Recording: Cost Accounting Standards (CAS): Part 1 – CAS Coverage Types, Common Standards, and CAS ApplicabilityWebinar Recording: Cost Accounting Standards (CAS): Part 2 – Cost Accounting Changes and ImpactView all Government Contracting Podcasts