Introduction to the Accounting Requirements of Government Contracts (111337-13)
Description
This course is for CPAs in public practice or industry who desire to
understand the regulations and requirements of government contracts.
Review and refresh your knowledge on federal regulations and
requirements, and updates on the impact of the atmosphere of government
procurement. A case study approach is used to reinforce the important
concepts covered in this course.
Learning Objectives
Enable the participant to understand those federal regulations to
which contractors are bound
Identify the accounting requirements of
federal government contracts
Major Topics
The new procurement process after FASA
Financial aspects of
government contracts and accounting considerations
Cost principles
Financial statement and audit considerations
Contract terminations
Overview of final overhead rate submissions under the new rules
Questions and case studies used to reinforce important concepts