Examination of Government Accounting System Requirements

In This Story

People Mentioned in This Story

Baroni Center Report No. 7

DoD Contract Financing / Cost and Pricing Study
Call Order 02

In support of the Office of Defense Pricing & Contracting’s Contract Financing/Cost and Pricing Study, George Mason University’s Center for Government Contracting examined government accounting system requirements and their impact on commercial company participation in defense contracts. The examination includes examining: (1) accounting systems and practices used in the commercial sector for large, small, private, and public companies; (2) differences between Generally Accepted Accounting Principles and government requirements; (3) the government’s requirements for accounting systems under range of contracting scenarios; and (4) a survey of commercial industry compliance costs related to government requirements on accounting systems, analyses of entry or exit, and instances of adapting existing systems to meet the requirements.

Principal Investigator
Eric Lofgren
Senior Fellow, Center for Government Contracting


Edward Hyatt, Ph.D.
Senior Research Scientist, Center for Government Contracting

Michael McPherson
Research Scientist, Center for Government Contracting

Long Chen, Ph.D.
Associate Professor, Accounting Area, School of Business

Download the full report.