Procurement Series #2: Tips & Tricks to Manage Contract Accounting & Compliance Montgomery County

Discover tips and tricks on managing state and federal government accounting and contract compliance. Uncover the mystery of accounting system requirements and how the state of Maryland manages the compliance of their Minority Business Enterprise (MBE), Small Business Reserve (SBR), and Veteran-Owned Small Business Enterprise (VSBE) programs.

Understand how your business can remain in compliance as you seek procurement opportunities. This session will address how to:

• Develop government accounting system requirements best practices
• Review Federal Acquisition Regulation (FAR) and Code of Maryland Regulations (COMR) requirements that affect a contractor’s account system
• Calculate auditable indirect rates that comply with Federal Regulations for bidding on government RFPs and excluding any unallowable costs
• Utilize state enterprise programs as a gateway into prime contracting.
• Design a competitive indirect rate to win new awards
• Understand what details of your indirect rates are shared with you subcontract vs. prime a contract when submitting cost proposals

Expert presenters include:

• Meredith Caskey, Financial Liaison Adviser with the Defense Contract Audit Agency (DCAA)
• A representative from the State of Maryland, Officer’s Office of Small, Minority & Women Business Affairs
• Teresa Flynn, CPA, Director, Assurance Services at Aronson, LLC, an assurance and tax consulting firm

This is session #2 in our five-part procurement series but can be taken as a stand-alone session.

Intended audience: Growth
All workshops in this procurement series are designed for established businesses that are positioned to take on government work currently or in the next three-to-six months. If you are not familiar with contracting basics, or your company currently lacks the infrastructure to support a government contract win, we recommend that you do not sign up for this workshop.

Note Our Policies: No refunds issued for workshops not attended. Walk-ins are accepted in our Montgomery county location (credit cards payment only). Women and men are invited to attend our training workshops.