Cost Accounting for the Federal Government Contractor

Gain an understanding of which cost accounting standards are applicable to governmental contracts and contractors.

This live webinar will provide a fundamental overview of the federal government's expectations related to accounting for costs on contracts; and provide industry resources for more detailed background and assistance to ensure compliance. This live webinar is geared for professionals in the area of accounting, compliance, finance, and program or contract management.

Learning Objectives

- You will be able to discuss cost accounting for federal government contractors.

- You will be able to describe fundamental requirements - accounting for cost on federal government contracts.

- You will be able to explain the audit experience.

- You will be able to identify general resources for more specifics on government contract cost accounting and regulatory compliance.

Agenda

	Welcome and Introduction

	Introduction to Cost Accounting for Federal Government Contractors

	Fundamental Requirements – Accounting for Cost on Federal Government Contracts
	Expectations for Accounting for Costs Incurred on Government Contracts Regulatory Basis for Government Expectations Potential Consequences for Noncompliance With Government Expectations

	The Audit Experience
	Who Is the Defense Contract Audit Agency Audits to Determine the Overall Adequacy of the Accounting System and Accuracy of Recorded Costs

	General Resources Overview for More Specifics on Government Contract Cost Accounting and Regulatory Compliance