If you plan to do business with the Federal Government, you won’t want to miss The McKelvey Group’s webinar covering all the basics about Negotiated Indirect Cost Agreements (NICRA). TMG partnered with U.S. Transactions Corp (UST) on July 13, 2022, to present A GUIDE TO YOUR FIRST NICRA.  This one-hour recorded webinar led by our President and Subject Matter Expert, Matt McKelvey reviews the purpose and benefits of a NICRA, who should pursue a NICRA, the various types, and more. Viewers will:

• Understand the relative terms and definitions for a NICRA.
• Learn the Pros and Cons of having a NICRA.
• Identify when to pursue a NICRA for the first time.
• Learn what is required to prepare a NICRA.
• Have the answers to the most frequently asked questions around a NICRA.

  This one is for the Nonprofits and Associations!  Are your books set up to be effective, efficient, and compliant?   The McKelvey Group partnered with US Transactions Corp (UST) for a webinar to provide you with industry best practices for optimizing your accounting system.  This webinar covers the chart of accounts, customer structure, documented policies and procedures, the financial calendar, and other ways you can get the most out of your accounting.   Viewers will:

• Learn how to structure the accounting system
• Understand the benefits of documented policies and procedures
• Gain tools to help you execute accounting tasks effectively, completely, and on time.

Join The McKelvey Group (TMG) in this free Webinar to learn the importance of establishing a DCAA compliant accounting system and the best practices that will increase your chances of passing a pre-award audit.  

In this Webinar we'll answer questions including:

• Are small businesses exempt from compliance?
• How far back in the past will a business need to make accounting adjustments?
• How can you tell if your accounting is correct?
• What does "job costing" mean?
• How much time do you have to prepare for an audit?
• What items are considered "unallowable?"
• When is QuickBooks no longer viable for a small contractor?...and more!

We will also introduce GovAcct©, TMG's packaged compliant accounting solution that delivers full compliance within 30 days of implementation. With more than 100 combined years of Federal government contracting experience and a proven client track record of 100% DCAA compliance, TMG’s GovAcct© may be the right answer for you.

Visit The McKelvey Group at www.themckelveygroup.com for more great resources and to learn about our service offerings.

All contractors face similar issues running and managing their Program Management Office (PMO), but few contractors propose tools and systems as a part of their PMO strategy because they believe these add unnecessary costs. In conjunction with Federal Publications Seminars, this webinar discusses how this type of logic is decreasing your win probability. Learn how the right tools and taking the time to establish systems can reduce the overall cost of running your PMO and increase your chance of winning that next reward. This webinar was produced with our partner, Federal Publication Seminars and requires payment prior to viewing.

In conjunction with Federal Publications Seminars, this webinar will cover CAS 416 and 417 which includes the subjects of: accounting for insurance costs (416), and cost of money as an element of the cost of capital assets under construction (417). Learning objectives include:

• Government requirements around insurance costs
• How Facilities Capital Cost of Money (FCCM) is applied for capital assets under construction
• How to calculate project losses and administrative expenses
• How to allocate the cost of insurance to the appropriate accounting periods
• How to calculate FCCM for both tangible and intangible capital being constructed, fabricated, or developed for a contractor's own use

This webinar was produced with our partner, Federal Publication Seminars and requires payment prior to viewing.

In conjunction with Federal Publications Seminars, this webinar will cover CAS 412 and 413 which includes: composition and measurement of pension cost (412); and adjustment and allocation of pension cost (413). Learning objectives include:

• Understanding the composition and measurement of pension costs, and the adjustment and allocation of pension costs
• How to address the four components of defined-benefit plan costs: normal cost, part of any unfunded actuarial liability, interest equivalent on unamortized portion of liability, and adjustment for actuarial loss or gains
• How the cost of the net contribution is calculated for defined-contribution plans
• How to calculate actuarial gains and losses
• How to assign the cost accounting period(s) for which the valuation is made

This webinar was produced with our partner, Federal Publication Seminars and requires payment prior to viewing.

In conjunction with Federal Publications Seminars, this webinar will cover CAS 406, 407 and 408 which includes: cost accounting period (406); use of standard costs for direct material and direct labor (407); and accounting for costs of compensated personal absence (408). Learning objectives include:

• The importance of the consistent use of your company's fiscal year as the accounting period
• The CAS definition of standard costing
• The intent and expectation of the government for personal absences
• How to use standard costs in the estimating, accumulating, and reporting of direct labor and materials costs
• How to account for the costs of personal absences by period

This webinar was produced with our partner, Federal Publication Seminars and requires payment prior to viewing.