Description:

Government contracting is rich and complex, full of intricacies and quirks. Commercial accounting practices are inadequate to meet government contracts' advanced reporting requirements. Factors such as contract type affect your reporting and billing requirements. From the chart of accounts to timekeeping, job costing, and proposal pricing, you need to rethink many of your accounting practices.

We’ll highlight the differences between commercial and government contract accounting with tips for success. We’ll cover the accounting system requirements in the SF 1408 with references to the FAR, DFARS, and DCAA guidance. This webinar is for you if you’re new to government contracts or growing this part of your business.

Intended Audience: Industry and Government

Level of Difficulty: Beginner - Intermediate

Learning Outcomes:

• List the differences between commercial and government contract accounting
• Explain the impact of contract type on accounting
• Identify the need for an adequate accounting system

CMBOK Competencies:

• B.3 Financial Management
• 1.4 Regulatory Compliance
• 2.3 Plan Sales
• 3.1 Price or Cost Analysis

Presenters:

• Robert Jones, Director, Outsourced Accounting Services - GOVCON
  • CPCM, CFCM, CCMA, NCMA Fellow, CPA
  • Robert E. Jones brings significant experience working with small and mid-sized businesses to achieve government contract accounting compliance. Prior to joining SN, Robert served as the founder and President of Left Brain Professionals, an accounting and advisory firm serving the compliance needs of government contractors.
    
    Robert’s deep understanding of how to navigate the Federal Acquisition Regulations (FAR) and Cost Accounting Standards (CAS) ensures that clients receive unparalleled guidance in achieving and maintaining compliance. Robert is adept at crafting tailored solutions to meet the unique needs of each client including strategic planning, cost and pricing models, financial analysis, negotiation strategies, regulatory compliance, and the design and implementation of DCAA-compliant ERP and accounting systems.
    

• 1.5 CPE/CLP credits for participation

Cost: 

• $55 member/ $69 non-member

Course Access:

• After registration, to access your course, visit My Virtual Training. 
• *Note: you must be logged into your NCMA profile to access your courses on My Virtual Training.
• The Join button will become active 30 minutes before the start of the event.

Connectivity Requirements: 

• This training is conducted through My Virtual Training and presented via Zoom. 
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