DCAA - Overview & Accounting System Requirements

Wednesday, August 15, 2018 The event started -118 days ago

9:00 AM11:00 AM

Off campus

Huntsville Madison County Chamber, 225 Church Street NW, Huntsville, AL 35801

Introduction and DCAA Overview: The presentation will provide an overview of the Defense Contract Audit Agency including the responsibilities and duties. The types of DCAA audits that can be performed throughout the various phases of a contract will be discussed. Finally, participants will learn about the DCAA Internet resources and presentations that are available.

 

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Accounting System Requirements: The presentation will provide an overview of the pre-award accounting system design review process. Participants will learn what occurs prior to the award of a cost-type contract, what is contained in the SF 1408, and what the applicable DFARS regulations say with regard to what comprises an acceptable accounting system. Total contract costs, including direct costs and indirect costs will be discussed. Examples of typically seen indirect rates will be provided as well as a discussion of selecting a proper allocation base will also be provided. Participants will learn about the FAR Part 31 clauses that cover allowability, allocability, and reasonableness as well as concepts such as Contract Terms, Accounting for Contract Costs, Labor System, Timekeeping, Unallowable Costs, Cost by Contract Line Item, Billings, Cost Accounting Information, and Management Reviews/Internal Audits along with the applicable DFARS clauses. Finally, some common deficiencies will be discussed. 

Presenter: 
James Madden is a Supervisory Auditor with the Defense Contract Audit Agency’s Huntsville Branch Office.  James has over 13 years of experience in the Defense Industry. With 11 of those years at the DCAA, 5 of them as a Supervisor, James has experience with a wide range of defense contractors and contract audits.  He graduated with honors from the University of Georgia and has been a Certified Public Accountant since 2009. 

 


Details

Category
Conference/Lecture
department
College of Business, SBDC / PTAC
Audience
Faculty and Staff, Alumni

Contact

Magdaline Braxton 256-824-6422 This email address is being protected from spambots. You need JavaScript enabled to view it.

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