Having an accounting system which is compliant with Federal Acquisition Regulations (FAR), Cost Accounting Standards (CAS), and DCAA/Cognizant Auditor requirements is an absolute must for every company doing business with the Federal Government. But what if you are a small Government contractor who lacks the Finance/Accounting experience to set up your Accounting System for compliance? This webinar is for you.
This webinar walks through the actual setup of the Chart of Accounts, calculations of indirect rates, development of Accounting Policies and Procedures Manual, and the preparation for an Accounting System Audit. By the end of this 3.5 hour seminar, you will have the basic structure in place along with the tactical action plan to complete all documentation and preparation.
Why Should You Attend?
What used to be a competitive advantage – having an accounting system deemed adequate for Government contracting – is now a basic business requirement. More and more Government Request for Proposals (RFP) are being released with the requirement that contractors have an adequate accounting system BEFORE a proposal may be submitted. In addition, Tier I contractors are getting increased pressure from DCAA and Cognizant Audit Agencies to ensure their subcontractors are CAS and FAR compliant. You may soon find that your company is excluded from a key team because of the status of your accounting system.
* Conference participants can earn up to 4 CPE credits in Accounting (Govt.), Auditing (Govt.) fields of study for the DCAA/FAR Compliant Quickbooks Seminar.
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Who Should Attend
The individual in charge of accounting is the ideal attendee. Owners/Managers of small Government contractors can also benefit from the seminar though an increased appreciation of what is required under CAS and FAR of your business. While this seminar is based on QuickBooks, the setup and lessons can be applied to any accounting software package.
Advanced Preparation: None
Program Level: Advanced
Delivery Method: Group-Live