The Time is Now for Planning the GASB 87 Lease Accounting Implementation

10 Preliminary Implementation Steps That Will Supercharge Your Action Plan GASB 87 Readiness With an effective date within the next year for some governments (i.e., as soon as January 1,…

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Government Contractor News Update – March 2018

Every month MGO’s Government Contractor practice provides this round-up of important news and information affecting the Government Contracting industry. #1: Unbalanced Pricing Case Study Unbalanced pricing exists where the bid…

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Is the SBA Mentor-Protégé Program Right for your Business?

The U.S. Small Business Administration's (SBA) Mentor-Protégé Program can be a great way for small businesses to obtain developmental assistance from larger mentors and form joint ventures with those mentors to…

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Navigating the Requirements of Cost-Type Contracts and Sub-Contracts

Government Contractor, cost-contract, contract, consulting

The award of a Federal Government cost reimbursement contract, as a prime contractor or a subcontractor, can be very good for your business, but this type of contract can also subject…

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Guidance for Government Contractors Implementing Revenue Recognition Standards

Government Contractor, MGO, Consultants, Revenue Recognition, FASB, Best Practices

In May 2014, the Financial Accounting Standards Board (“FASB”) issued the new revenue recognition standard: Accounting Standards Codification (ASC) 606, Revenue from Contracts with Customers. This revenue standard will supersede…

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