Staff training

What we do

We assist our customers in training their staff in all areas of financial management.


What we did

A large government contracting organization had been outsourcing some of their financial functions and wanted to bring them inhouse. Our consultants reviewed the functions they wished to assume; assisted them in developing a budget; aided in creating and implementing a plan of transition; supported them in the identification, interviewing and hiring of fulltime employees to assume the duties; and trained the staff members in the various functions they were to undertaking.

Within 6 months, a department of 26 persons was created and fully functional for the identified functions that were assumed.

Audit support

What we do

We support our customers during audits to understand their financial information and appropriately present it to auditors to explain and support their practices. We focus on demonstrating compliance with regulatory requirements for maximum cost recovery.


What we did

A prominent IT and management consulting entity was audited for an incurred cost proposal that had been filed. The customer did not have sufficient staff to support or manage the audit. Our consultants provided program management for the audit and developed all materials in response to audit requests.

This included location of supporting documentation, analysis of data, assessment of risk, development of strategic positions to reduce potential exposure, and the development of all formal responses on behalf of the customer. We worked closely with key corporate officers to explain risk and propose recommendations for customer concurrence prior to presentation to auditors. We successfully negotiated several key areas of exposure for the customer and eliminated the financial risk that would have been associated with a non‐compliant finding.

Cost allocation methodologies

What we do

We review allocation methodologies to ensure compliance with government standards. We focus on assisting our customers to develop methodologies that will maximize their cost recovery.


What we did

As a government contractor’s business grew and they expanded to a globally oriented enterprise, they found that they needed to adjust their cost allocation methodologies to better distribute relative cost to all business segments. Although they adjusted the allocation technique, they failed to do so in a manner that was compliant with government requirements. Our consultants reviewed the allocation methodologies, developed cost impact reviews and advised the client of areas of risk so that they could develop strategies to bring their practices into compliance with government cost accounting standards (CAS).

 

BKH Core Competencies

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