OBJECTIVE: This workshop is designed to help government contractors
determine if their accounting system and set up is adequate for
complying with government requirementsDESCRIPTION:
Companies hoping to receive flexibly priced Federal Government
contracts, including cost-reimbursable and Time & Material contracts,
are expected to pass a pre-award accounting systems survey.
Successful completion of the survey is often a pre-requisite to
contract award and the lack of an adequate accounting system can often
serve as an impediment to receiving a flexibly priced contract.
This course will help prospective contractors learn the fundamentals
of a pre-award survey along with best practices on how to pass a
pre-award audit. Attendees of this course will learn:
* The criteria of an adequate accounting system as outlined for
Standard Form (SF) 1408
* The fundamentals of Government contract cost accounting,
including: The difference between direct and indirect costs /
Indirect cost pools / The criteria of an allowable cost
* Timekeeping and labor distribution controls
* Billing controls
* An overview of the DoD Contractor Business System requirements
* How pre-award surveys are performed by the Government
* What to do when your system is not adequate.
About the Instructor
Mr. Gene Townsend will lead this workshop. Mr. Townsend has over 30
years in government contracting, cost and price analysis, Navy
Comptroller and Chief Financial Officer. Mr. Townsend teaches cost and
price analysis courses for several universities
business
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23/10/2019 Last update