Essential Accounting Components Training

Course Objectives:

Develop a better understanding of the government contracting environment and how to ensure compliance with Federal regulations. Expand your knowledge of government accounting systems, FAR Cost Principles, and indirect rate computation.

This seminar will provide the knowledge and skills needed to ensure your organization is compliant with Federal Regulations and has all the basic attributes of a DCAA Approved Accounting System to reduce audit risk.

Course Highlights:

·        Acquisition Methods
·        Types of Government Contracts
·        Direct Costs versus Indirect Costs
·        Indirect Rate Structures & Rate Computation
·        Developing and Managing Indirect Rates
·        FAR Part 31 Allowability of Costs
·        Components of an Approved Accounting System
·        Types of Government audits
·        Essential Policies & Procedures
·        Review of Compliance Requirements (Ethics, EVM, Purchasing System)
·        Current Events in the Federal Marketplace
·        Best Practices and Cash Management Considerations in the Industry

Speaker and Presenter Information

Donna Dominguez Donna Dominguez is a Managing Consultant in Aronson LLC�s Government Contracts Services Group. With more than twelve years experience working with government contractors, she specializes in the preparation of incurred cost submissions, budgeted provisional rates, DCAA audits, government compliance matters, cost proposals, contract/subcontract administration, contract/subcontract negotiation and assisting clients in the use of Deltek GCS, CostPoint, and QuickBooks software. Through her work in public accounting as well as positions held directly at government contractors, she has comprehensive knowledge and understanding of the complexities of accounting for this unique market. Tom Marcinko Tom Marcinko is a Principal Consultant in Aronson�s Government Contract Services Group. He is responsible for providing clients with a broad variety of both pre- and post-award support. With over 30 years of government contracting experience, he specializes in proposal development, contract and subcontract administration, FAR compliance, small business programs, and government audits. Tom is a featured speaker at Aronson events and a frequent guest speaker for numerous organizations, including the GWSCPA, VSCPA, the Northern Virginia Technology Council, the Washington Board of Trade and the NCMA. Nicole Mitchell Nicole Mitchell joined Aronson LLC in 1998 and serves as a Partner in Aronson�s Government Contract Services Group. She received a Bachelor of Science in Accounting from Frostburg State University and a Masters in Business Administration from Mount Saint Mary�s College. Nicole specializes in accounting and financial issues impacting government contractors. She has a broad-based background in generally accepted accounting principles and cost principles related to government contractors including the Federal Acquisition Regulations (FAR) and Cost Accounting Standards (CAS). Nicole provides consulting and accounting services to government contractors in the areas of financial regulatory compliance, contract pricing, and complex cost accounting structures. She co-authored a Thompson RIA reference manual for controllers �Doing Business with the Federal Government� and is a regular contributor to Aronson�s Fed Point blog.