The Government Contracting Accounting System Adequacy –
The Importance of the Accounting Policy Manual Series

 

Contacting with the Federal Government compels strict requirements for time recording in the regulations and DCAA requirements. There is no other area that can cause a Government contractor issues with reimbursement faster than timekeeping policies that do not follow the regulations and guidance. Likewise, sound written compensation policies will make it easier for a contractor to continue to do business with the Federal Government, while careless adherence to simple but documented policies will mean the difference between allowable costs for maximum cost recovery and some of your compensation costs being deemed unallowable. Written timekeeping and compensation policies are critical tools in the successful management of Government contractors’ financial arrangements.

Similarly, the basics of a credible Government contractor estimating system are important to developing, implementing, and reviewing consistently applied principles that mirror the costs anticipated and those that will be invoiced. While the estimating system is a separate longer set of policies in their entirety, the fundamentals are significant to a well-rounded written accounting systems policy manual.

Learning Objectives

1. Find out what and why you need for the basics of an accounting system policy manual
2. Learn how the timekeeping policies are intertwined in the essentials of a compliant accounting system
3. Discover why all accounting compensation policies need to be detailed beyond the employee manual
4. Uncover the importance of consistency in estimating and accounting for Government contract costs
5. Gather what you need for the 12 timekeeping, compensation and basic estimating policies

Part 3:  Accounting System Policies – Timekeeping, Compensation, and Estimating
Thursday, November 12, 2020 – 2 PM EST

CPE credits will be given for those who attend the webinar, participate 100% in the polling questions we pose, and those who stay for the entire webinar of one CPE. Those CPE certificates will be issued roughly within a month of finishing this webinar.

Your investment is $39/webinar or $98 for all webinars.
Promo code “ALL3PROMO” is taken on the registration for the third webinar.