Federal Accounting System Requirements, Wednesday, June 21, 2017
Where: FSBDC at the University of South Florida, Port Tampa Bay Building, Tampa
When: Wednesday, June 21, 2017 8:30 AM to 10:30 AM
This seminar will provide an overview of the pre-award accounting system design review process. Participants will learn ? what occurs prior to the award of a cost-type contract ? what is contained in the SF 1408, and ? what the applicable DFARS regulations state with regard to what comprises an acceptable accounting system.
Total contract costs, including direct costs and indirect costs will be discussed. Examples of typical indirect rates will be provided as well as a discussion of selecting a proper allocation base. Participants will learn about the FAR Part 31 clauses that cover allowability, allocability, and reasonableness as well as concepts such as Contract Terms, Accounting for Contract Costs, Labor System, Timekeeping, Unallowable Costs, Cost by Contract Line Item, Billings, Cost Accounting Information, and Management Reviews/Internal Audits along with the applicable DFARS clauses. Finally, some common deficiencies will be discussed.
Speaker: Special Guest Speaker
Financial Liaison Advisor (FLA)
DCAA HQ OAL Special Programs Team
BEYOND THE BASICS:
Are you a small business CEO in federal contracting who is tired of guessing at pricing? You don’t have a strategy for indirect rates that makes sense? You can’t get the data you need from Accounting? You want to be able to manage 90 days out?
At Solvability, we work with small businesses in federal contracting who are second stage – they know how to get contracts and execute, but now to get to the next level they want to get organized and efficient. If that is you – let’s talk.