This two-day course provides an in-depth look at accounting system requirements for government contractors. Learn how to maintain compliance with FAR, CAS, and GAAP, track direct/indirect costs, establish internal controls, and prepare for audits. Ideal for compliance officers, CFOs, and finance professionals managing contract cost accounting.
This course provides an overview of Cost Accounting Standards (CAS). When contractors receive their first contract subject to modified or full CAS, understanding the requirements can be overwhelming.
The Defense Contract Audit Agency (DCAA) utilizes labor floorcheck audits as part of their real-time testing of employee labor controls. The floorcheck process is often overwhelming for employees because interacting with government auditors is not a routine occurrence for personnel outside of a company’s accounting or compliance areas.
Government contracts come with strict oversight and audit requirements. This course prepares contractors by covering the types of audits and reviews they may face, who conducts them, and how to provide the necessary support. Participants will gain a clear understanding of what to expect throughout the audit process and how audit outcomes can impact their operations.
This course covers FAR Part 31 Cost Principles, focusing on cost accounting and allowability in government contracts. Attendees will learn about compliant systems, key cost types, recent regulatory changes, and audit trends. The course also examines cost issues relevant to your organization, specifically for commercial entities under FAR 31.2.
This course provides an introductory foundation for participants to understand the FAR Part 31 total cost principles, including segregation of cost by contract, direct cost charging, indirect cost groupings, and proper allocation bases, identifying unallowable costs, and properly documenting expenses. Examples of these costs include direct and indirect expenses. This module also introduces typical indirect cost pools and allocation bases and provides an explanation of indirect rates.
This course provides government contractors with a fundamental understanding of contract oversight, audits, and compliance reviews. Learn how agencies like DCAA, DCMA, and GAO assess contractor systems, distinguish audits from investigations, and navigate pre- and post-award compliance. The course also examines common compliance risks and strategies for navigating audit and review processes.
This course discusses provisional billing rates and their importance. FAR 42.704 Billing Rates addresses the government’s regulation on establishing provisional billing rates.
Often the timekeeping requirements for government contractors are a source of frustration for employees, but they are a necessary evil for all companies doing business with the U.S. Government. In this course, we demystify the rules and requirements around timekeeping with an emphasis on explaining why timekeeping controls are not only necessary but essential for the protection of both the employees and the company.