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Accounting for Government Contracts

July 16, 2013 @ 6:30 pm - 9:30 pm


The accounting system you used before you got that new government contract may not be good enough now. This class covers the basics of accounting for government contracts and explains how to avoid the painful pitfalls that many contractors have found out about the hard (and costly) way. Designed for aspiring government contractors, new government contractors, and contractors striving for that next growth level, this class covers:

  • Contract Types and Corresponding Accounting Requirements
  • Fundamentals of Cost Accounting
  • Why You Need to Know Your Indirect Cost Rate
  • Why Federal Cost Principles Matter
  • Cost and Pricing Data Requirements
  • Costing vs. Pricing
  • Avoiding Compliance Deficiencies
  • Federal Acquisition and Accounting Jargon
  • Common Problems Areas – Keeping Out of Trouble
  • Accounting nightmares
  • Auditing entanglements
  • Case Study Discussions

Three Excel spreadsheets templates will be provided to participants:

  • Employee Time Distribution Reporting an tracking
  • Employee Expense Reporting
  • Indirect Cost Rate Calculator

Bring your questions. All will be answered.


July 16, 2013
6:30 pm - 9:30 pm
Event Category:


4031 University Drive, Ste 100 Room # 122
Fairfax, VA 22030 United States
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