MUSKEGON – The Muskegon Area First PTAC is holding a free event on February 23 at the Michigan Alternative & Renewable Energy Center. Kevin Grimes explains the role of the Defense Contract Audit Agency and the expectations of a contractor’s accounting system.
Grimes is a compliance Consultant with CFO Leasing. He specializes in DCAA compliance and accounting system implementations. He has studied over 300 hours of DCAA curriculum provided by the Defense Contract Audit Institute and teaches federal contract courses through Georgia Tech, Wayne State University, New Jersey Institute of Technology, and the Wharton School of Business SBDC.
Many federal contract awards are contingent upon finding that a contractor’s accounting system is sound. This includes having specific written accounting policies and an accounting system that can perform certain cost, timekeeping, and billing functions. Agencies conduct unique “financial health” audits prior to awarding some contracts.
Topics include:
Segregation of Costs
Unallowable Costs
Directs/Indirect Costs
Allocation Pools
Timekeeping Requirements
Financial capability Audits & SBA Certificate of Competency
This presentation is recommended for corporate accountants, payroll personell, and small business owners who perform their own bookkeeping functions.
For more information, click on GVSU.Edu/Marec
a>>
