Contractors subject to the "Allowable Cost and Payment" clause (FAR 52.216-7) are required to submit an incurred cost report together with supporting data within 6 months after the end of their fiscal year. In this workshop, attendees will receive an overview of each of the required schedules and then receive guidance and assistance on completion of their Incurred Cost Report. All contractors are welcome - use of QuickBooks or ICAT is NOT requ...

Preparing for a DCAA Audit? Looking to Grow your Business? The QuickBooks® for Federal Contractors workshop coaches growing businesses through the configuration of their accounting system for DCAA compliance. From a well-ordered Chart of Accounts, to defining Policies and Procedures, this is more than just a training session. You'll leave prepared to pass an accounting system review, with the knowledge you need to succeed. Bring your lapto...

In this course you will learn about the fundamental cost accounting principles imposed by the Federal Acquisition Regulation (FAR) Part 31 on commercial organizations, and will follow an example of how a DCAA compliant accounting system should be set up. Course content includes: Checklist used by DCAA in conducting Accounting System Reviews Setting up a Chart of Accounts to segregate Direct, Indirect and Unallowable Costs Job Cost Accounting I...

Contractors subject to the "Allowable Cost and Payment" clause (FAR 52.216-7) are required to submit an incurred cost report together with supporting data within 6 months after the end of their fiscal year. In this workshop, attendees will receive an overview of each of the required schedules and then receive guidance and assistance on completion of their Incurred Cost Report. Attendees will be provided with an excel template to complete the w...