Course Details

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Course Description

Accounting in Government contracting has its own unique and specialized rules, regulations, standards, problems, hurdles. Compliant accounting systems that provides meaningful information require solid foundations built on principles, regulations, and industry best practices. Government contractors are subject to a wide range of unique accounting regulations, entering into contracts for which negotiation, performance, termination, and more require following specific accounting principles and standards. And, dealing with the Federal Government can be difficult and complex. Unless a proper accounting system is in place, then a contractor can be faced with enormous difficulties, not the least of which is lost profits, lost contracts.

MAJOR TOPICS COVERED : 

  • 10 principles of generally accepted accounting principles (GAAP)
  • Federal Acquisition Regulations (FAR)
  • Cost Accounting Standards (CAS)

This webinar includes not only general accounting concepts as they relate to Government contracting, but the specifics of cost principles, cost accounting standards, accounting for claims, special accounting problems, and profit. 

This 1.5 CPE FREE webinar will cover the basics and also send you home with a free chart of accounts designed specifically for government contractors.

Why You Should Attend ?

Companies selling their products and services to the federal government must comply with a unique set of accounting requirements. This webinar lays the foundation for those requirements and prepares attendees for future webinars on government contract accounting.

Learning objectives

  • List the basic principles and regulations for government contract accounting 
  • Explain the importance of segregating direct and indirect costs
  • Describe cost pools
  • Draft basic govcon chart of accounts

About Presenter

Robert Jones, CPA

Staff or Senior, Left Brain Professionals Inc.

[email protected]

Award-winning speaker Robert E. Jones shows audiences how to navigate the constantly changing legal and regulatory landscape of government contracts. In his engaging and highly rated presentations, he shares insider secrets drawn from 15 years of DoD contract and accounting experience. His proactive, decisive approach to finding opportunities and solving problems is based on experience in managing more than $400 million in federal contracts.

Mr. Jones has experience with a wide variety of speaking engagements including emcee/moderator, seminars, training, chapter meetings, and conference presentations. He engages audiences with innovative approaches to contract profitability, accounting, compliance and related topics.

The West Virginia native earned a bachelor’s degree in accounting from the McColl School of Business at Queens University of Charlotte in North Carolina. He holds a master’s degree in accountancy from The Graduate School of the College of Charleston in South Carolina. He is a licensed CPA in the State of Ohio.

Left Brain Professionals is a boutique accounting firm serving the compliance needs of government contractors. We focus on accounting system design, implementation, and audit support. We help companies profit from federal contracts, prevent compliance headaches and resolve red-tape nightmares - assuring profitability and peace of mind. We offer expert consulting on strategic, long-term and day-to-day decisions regarding all aspects of government contracts compliance, accounting, cybersecurity and audits. We don't believe in cookie-cutter, one-size-fits-all solutions. We understand the needs of small businesses and work within your budget to devise cost-effective solutions.

Led by a CPA with over 15 years of federal audit experience. Left Brain Professionals has the expertise to guide you through the complex maze of federal regulations. Some of our support projects include indirect rate calculations, cost and pricing models, incurred cost proposals, and purchasing spend analysis. We focus on serving small businesses though we do have a few Fortune 500 clients and bring other large business expertise and best practices to all of our clients.

FAQ

  • To receive CPE credit for the event, you must register for the webcast prior to the start of each program.
  • CPE is available to all eligible participants within 24 hours of each webinar.

Refund/Cancellation Policy

For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128

In case any of the course or live webinars gets cancelled we would be refunding you the entire amount (if paid).

Reviews

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MY-CPE LLC, 1600 Highway 6 South, Suite 250, Sugar Land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

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  • Cost FREE
  • CPE Credits 1.5
  • Subject Area Accounting (Governmental)
  • Course Level Basic
  • Instructional Method group internet based
  • Prerequisites None
  • Advanced Preparation None
  • Who should attend? Bookkeeper Accountant CFO/Controller Business Owner CPA - Small Firm CPA - Mid Size Firm CPA - Large Firm Accounting Firm CPA (Industry) Young CPA CPA in Business Entrepreneurial CPA Senior Accountant Entrepreneurial Accountant Government Contractor Defense Contract Audit Agency(DCAA)
  • Handout Material Download

upcoming Live CPE Webinars

Lucrative Real Estate Tax Strategies
Monday, March 02, 2020 | 10:30 AM EST View Details/Register
QuickBooks: Setting Up a Chart of Accounts
Monday, March 02, 2020 | 12:00 PM EST View Details/Register
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Monday, March 02, 2020 | 12:00 PM EST View Details/Register
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Monday, March 02, 2020 | 12:00 PM EST View Details/Register
TAXATION FOR CANNABIS INDUSTRY (IRC 280E, Types of Entities, Opportunity Zones, 199A, R&D Credit etc.)
Monday, March 02, 2020 | 02:00 PM EST View Details/Register
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Monday, March 02, 2020 | 04:00 PM EST View Details/Register
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Tuesday, March 03, 2020 | 11:00 AM EST View Details/Register
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Tuesday, March 03, 2020 | 12:00 PM EST View Details/Register
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Tuesday, March 03, 2020 | 02:00 PM EST View Details/Register
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Tuesday, March 03, 2020 | 02:30 PM EST View Details/Register
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Tuesday, March 03, 2020 | 03:30 PM EST View Details/Register
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Wednesday, March 04, 2020 | 09:00 AM EST View Details/Register
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Wednesday, March 04, 2020 | 10:30 AM EST View Details/Register
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Wednesday, March 04, 2020 | 12:00 PM EST View Details/Register
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Wednesday, March 04, 2020 | 01:00 PM EST View Details/Register