This workshop provides business owners with a solid foundation of cost accounting principles for federal government contracting.
Areas to be discussed
- Understanding how to develop Acceptable and Profitable Indirect Rates
- Developing a DCAA Acceptable Accounting System
- Understanding FAR Part 31 on Allowable & Unallowable Costs
- Minimizing exposure to fines, penalties, and interest.
Objectives
- Improve understanding of psychology of success in government contracting
- Basic terminology associated with the indirect rate and accounting system processes
- Identify and review typical business cost elements of indirect costs
- Examine a typical indirect rate formula (variables and structure)
- Basic Requirements for a government acceptable accounting system
- Demonstrate a logical process of analyzing and classifying your financial data for indirect rate development
- Step through a complete example of developing indirect rates from financial data
- Improve understanding and preparedness for DCAA and other government audits
- Provide dependable resources for remaining current
- Reinforce learning (interactive exercises and handouts)
- Provide information to avoid trouble while minimizing fines, penalties and interest
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This workshop provides business owners with detailed information on what a properly structured accounting system should look like for their small business.
Areas to be discussed
- Cost and Pricing Foundational Review
- Being Careful with Claims – Minimize Exposure to Fines, Penalties, and Interest.
- Indirect Costs and Rates in Greater Detail
- The Accounting System Structure in Greater Detail
- Key Pricing Regulations, Guidelines, and Contract Audit Clauses
- Key Factors in Preparing an Adequate Cost Proposal
Objectives
- Provide a foundational review of basic cost and pricing principles
- Improve ability to avoid trouble with claims while minimizing fines, penalties and interest.
- Improve understanding of selected terminology
- Improve your understanding and ability to develop advanced indirect cost rates based on more detailed variables and structures. (Onsite, Offsite, M/H)
- Review advanced coding methods for a government acceptable accounting system. (COA, Job cost and Payroll)
- Improve understanding of key pricing regulations, guidelines, and audit clauses in a contract.
- Improve understanding of how daily company operations relate to cost proposal activity. (Step through an advanced example).
- Improve understanding of criteria for an adequate cost proposal.
- Provide dependable resources for remaining current with changes
- Reinforce learning with interactive exercises and handouts.
To view a schedule of our commerical workshops click here
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