• August 6, 2020
    11:00 am - 1:00 pm
  • Accounting Systems and Government Contracting - Requirements and Common Pitfalls
    August 6, 2020
    11:00 am - 1:00 pm
  • Purchasing Systems and Corrective Actions (CARS)... What are They and How to Approach?
    August 13, 2020
    11:00 am - 1:00 pm
  • Market Research and Price Analysis – A Good Beginning Supports a Good Ending, a Fair and Reasonable Price
    August 20, 2020
    11:00 am - 1:00 pm
  • The Most Common Incurred Cost Audit Issues
    August 27, 2020
    11:00 am - 1:00 pm

The Redstone Edge Virtual Conference 2020

August 2020

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Overview:

For the past 4-years Redstone GCI has hosted our annual training conference here in Huntsville, AL. Due to the limited ability to travel as a result of the pandemic, we will be offering the same 8-hrs of CPE virtually this year. We are limited to 200 attendees for our virtual format. Like the Redstone Edge Conference, there will be a small charge for attendance with a portion of proceeds being donated to charity. A different charity will be announced each week during the webinar.

We encourage you to register early to confirm your spot. CPE can only be provided for those in attendance during the class.

Agenda

Accounting Systems and Government Contracting – Requirements and Common Pitfalls
Aug 6, 2020, 11am – 1pm CST, 2 CPE Credits
Robert Eldridge, CPA, Director, RGCI
Overview
This webinar will provide an overview of government contract accounting system FAR and DFARS requirements, DCAA audit expectations, and common pitfalls.

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Learning Objectives
At the completion of this two-hour webinar, participants will be able to:

  • Identify requirements for an adequate accounting system for government contracting
  • Identify the differences between a Pre-Award Accounting System Audit, a Post-Award Accounting System Audit, and a DFARS Business System Accounting System Audit
  • Identify common accounting system pitfalls and solutions
  • Identify potential options for resolving disagreements

Program Content
During the webinar, your faculty will discuss:

  • Accounting system requirements for all government contractors
  • DFARS business system rules related to the accounting system
  • DCAA Accounting System Audit Types
  • DCAA Interpretations/Misinterpretations
  • What to expect during DCAA Audits/Significant DCAA Audit Program Steps
  • Common Pitfalls/Audit Findings related to accounting system adequacy
  • Consequences of an inadequate accounting system finding
  • Potential solutions for avoiding pitfalls/findings

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Purchasing Systems and Corrective Actions (CARS)… What are They and How to Approach?
Aug 13, 2020, 11am – 1pm CST, 2 CPE Credits
Cheryl Anderson, CPA, Director, RGCI
Overview
This webinar will offer attendees an overview of the DFARS requirements for an adequate purchasing system and the actions taken by administrative contracting officer (ACO) when deficiencies are reported.
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Learning Objectives
At the completion of this two-hour webinar, participants will be able to:

  • Understand DFARS 252.244-7001 Contractor Purchasing System Administration
  • Know what the ACO is required to do under DFARS 252.242-7005 Contractor Business Systems
  • Understand a Corrective Action Request (CAR) and the different levels
  • How to approach a CAR and mitigate the risk

Program Content
During the webinar, your faculty will provide an overview of the DFARS requirements, the process undertaken by the ACO when deficiencies are reported, and action they need to take.
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Market Research and Price Analysis – A Good Beginning Supports a Good Ending, a Fair and Reasonable Price
Aug 20, 2020, 11am – 1pm CST, 2 CPE Credits
John Shire, Director, RGCI and Lynne Nalley, Director, RGCI
Overview
This webinar will offer attendees an overview of Government contracting expectations for market research and price analysis to support a documented fair and reasonable price.

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Learning Objectives
At the completion of this two-hour webinar, participants will gain an understanding of:

  • FAR Part 10 Market Research
  • The importance of establishing requirements
  • Practical examples of accomplishing market research
  • Pricing Expectations
  • Fair and Reasonable Price determination
  • Pitfalls of poorly supported determinations
  • The Key to Adequate Documentation

Program Content
During the webinar, your faculty will go over the Government expectations of your buyers to perform and document market research and document a story that supports the determination of a fair and reasonable price.
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The Most Common Incurred Cost Audit Issues
Aug 27, 2020, 11am – 1pm CST, 2 CPE Credits
Michael Steen, Senior Director, RGCI
Overview
This webinar will offer attendees an overview of: The Most Common Challenges and Issues Stemming from Incurred Cost Audits.
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Learning Objectives
At the completion of this two-hour webinar, participants will be able to:

  • Identify FAR/Contract Clauses Related to Incurred Cost Proposals
  • Differentiate direct versus indirect cost allowability issues
  • Identify the contractor incurred cost audit risks beyond cost allowability, including penalties, accounting system implications and fraud referrals
  • Identify the alternatives for issues resolution
  • Obtain DCAA guidance, interpretations, and audit programs related to incurred cost audits

Program Content
During the webinar, your faculty will:

  • Discuss FAR 52.216-7, Allowable Cost and Payment Clause
  • Discuss the audit actions after receiving a Contractor’s Incurred Cost Submission including contractor notifications, audit risk assessment and planning, and audit timelines
  • Identify and discuss the more common cost allowability issues including direct costs (contract specific) and indirect costs
  • Discuss FAR 52.242-3, Penalties for Expressly Unallowable Costs
  • Discuss audit interactions before, during and after the audit
  • Discuss the critical role of contractors in providing all relevant and correctly stated facts in rebutting audit issues
  • Discuss the role of the Contracting Officer(s) with issue resolution

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To receive CPE credit, each participant will need to register individually instead of per site for each webinar.

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