The presentation will provide an overview of the preaward 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.

Presented by: Joseph Gregor, Small Business Program Manager Ms. Greger is the Small Business Program Manager and is located at DCAA Headquarters in Fort Belvoir, Virginia. In this capacity, he serves as the program manager and audit expert for the small business program with responsibility to provide assistance, consultation and internal control with regard to audit requirements and their application to small business.