“Accounting Requirements for Federal Contractors” If youre engaged in government procurement - or want to be - there are things you need to know about accounting, especially at the federal level. Is your accounting house in order? Would it pass muster if an auditor from the Defense Contract Audit Agency (DCAA) showed up on your door tomorrow? Accounting requirements for federal contractors are very stringent. The IRS can audit your company one day and say youre the best company theyve ever seen. The DCAA can come in the very next day and say your accounting processes are totally inadequate and you can lose out on contract awards as a result. SBA too can audit your accounting processes as part of a Certificate of Competency review. Being prepared by having a proper accounting system in place is the best insurance you can have. For that reason, Alaska PTAC is considering sponsoring the Accounting Requirements for Federal Contractors workshop. The instructor has over 10 years experience in DCAA compliance, accounting system set up and implementation. Topics covered in the workshop include: ➢ Segregation of Costs ➢ Unallowable Costs ➢ Direct/Indirect Costs ➢ Allocation Pools ➢ Timekeeping Requirements ➢ Financial Capability Audits and SBA Certificate of Competency Who should be interested? Corporate accountants, payroll personnel, and small business owners who handle their own bookkeeping. Experienced government contractors know the importance of a proper accounting system for government work. Knowing what those requirements are and having a compliant system in place is an excellent selling point for gaining new work. Cost of this workshop is yet to be determined, but let us know if youd be interested so we can determine feasibility. If you have a rich uncle whos willing to foot the entire bill, better yet! So drop us a line at [email protected] and well see what we can do to make it happen!
Posted on: Wed, 22 Jan 2014 14:00:01 +0000
Trending Topics
Recently Viewed Topics
© 2015