Obtaining an Adequate (“Approved”) Accounting System
Format: Live webinar (on-demand recording available on September 3, 2020)
Duration: Approx. 90 minutes
Instructor: Robert Jones, Left Brain Professionals
NCMA Certifications: 1.5 CPEs
APTAC Certifications: 0.75 ATC (pending)
APTAC BOK: C.12 Financial Controls
*Your registration includes access to the on-demand recording.
Did you know that many government contracts and grants require an “adequate” or “approved” accounting system which must meet the 15 requirements outlined in SF1408? Key items include segregation of direct and indirect costs, a logical and consistent method for the allocation of indirect costs, timekeeping, and labor distribution.
An adequate accounting system is more than a Federal Acquisition Regulation (FAR) requirement for certain contract types. It helps you understand your costs and positions you for financial success.
During this session, we’ll guide you through the essential components of an accounting system and best practices for passing the SF 1408 Pre-Award Survey of Prospective Contractor Accounting System.
After attending this webinar, you will
- Recognize the need for an adequate or approved accounting system
- Know the criteria for an adequate accounting system
- Understand the components of an accounting system
- Know some of the best practices for successfully passing the survey/audit
Meet Your Instructor:
Robert E. Jones, CPA, CPCM, NCMA Fellow
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 $30 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, Mr. Jones 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.