SBA’s Empower to Grow (E2G) Program – Accounting in Government Contracting: Compliance and Best Practices

Date and Time: TUE, AUG 20, 2024

12:00 PM – 1:00 PM

Duration: 1 Hour

Overview: Accurate and compliant accounting practices are crucial for success in government contracting. Join us for “Accounting in Government Contracting: Compliance and Best Practices,” a focused webinar designed to provide essential guidance on navigating the unique accounting requirements and challenges within government contracts. This session will cover key principles, regulations, and strategies to help you maintain financial transparency, meet regulatory standards, and optimize financial management in government contracting.

What You’ll Learn:

• Introduction to Government Contract Accounting: Understand the fundamentals of accounting specific to government contracts, including regulations such as FAR (Federal Acquisition Regulation) and DCAA (Defense Contract Audit Agency) requirements.
• Cost Accounting Standards (CAS): Learn about the Cost Accounting Standards and their implications for contract cost reporting and compliance.
• Indirect Cost Allocation: Gain insights into methods and best practices for allocating indirect costs in accordance with government contract guidelines.
• Audit Readiness: Discover strategies for preparing your accounting systems and records for DCAA audits and compliance reviews.
• Contract Cost Control: Understand how to effectively monitor and control costs throughout the contract lifecycle to ensure profitability and compliance.
• Financial Reporting: Learn about reporting requirements and timelines for government contracts, including financial statements, incurred cost submissions, and contract closeout processes.
• Ethical Considerations: Explore ethical considerations and best practices in financial management and reporting within government contracting.
• Case Studies and Practical Examples: Review real-world examples and case studies of effective accounting practices in government contracting.

Who Should Attend:

• CFOs, Controllers, and Accounting Managers
• Contract Managers and Administrators
• Financial Analysts and Compliance Officers
• Consultants and Advisors specializing in government contracting
• Anyone involved in financial management and compliance for government contracts

Why Attend:

• Gain a comprehensive understanding of accounting principles and practices specific to government contracting.
• Learn from experienced professionals with expertise in government contract accounting and compliance.
• Participate in interactive discussions and Q&A sessions to address your specific accounting challenges and concerns.
• Access practical resources and tools to enhance your accounting processes and compliance efforts.

Registration: Secure your spot today by registering at https://attendee.gotowebinar.com/register/1051603047661563733.

Contact Information: For more information, please contact us at [email protected].

Join us for this informative webinar and elevate your knowledge and skills in accounting for government contracts. Don’t miss this opportunity to gain valuable insights and strategies to ensure financial compliance and success in government contracting.