Fundamentals of Federal Contract Cost Accounting

This event qualifies for 3 CPEs

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
Indirect Cost Pools and Allocation Bases
Indirect Rate Computations
Timekeeping System and Labor Distribution Requirements
Unallowable Costs

Who should attend:

Executives, Owners, Accounting Managers and Staff of Federal Government Contractors and their CPAs

Attendees may also wish to register for the QuickBooks for Federal Contractors 2 1/2 day workshop that follows this seminar.

Speaker and Presenter Information

Robert C. Smith, CPA

CEO, ICAT Systems

Robert C. Smith, CPA is CEO of ICAT Systems and an expert in federal contract cost accounting. For well over a decade Robert has lead training seminars and workshops to equip government contractors and accountants with the knowledge to confidently manage federal contract accounting.

Robert has over 30 years experience in the fields of government contract cost accounting & public accounting. He has helped hundreds of businesses set up compliant accounting systems and understand the principles of federal contract cost accounting.