UCEDC: Cost Reimbursable Requirements Series – Part 1: Accounting System Requirements Incurred Cost Submissions (Live Webinar):

Event description

Presented in Partnership with the Defense Contract Audit Agency

Your local APEX Accelerator and the National APEX Accelerator Alliance (NAPEX) announce the upcoming DCAA Cost Reimbursable Requirements Series, including Accounting System Requirements and Incurred Cost Submissions.

Prior to being awarded a cost reimbursable contract, federal government contractors need to ensure their accounting system is adequate for determining costs applicable to federal contracts. This is accomplished when DCAA conducts a Pre-Award Accounting System Audit at the request of a federal agency. Experts from DCAA will discuss the federal regulations that define an acceptable accounting system, evaluate the minimum requirements of the SF 1408 criteria, and how small businesses can prepare for this type of audit. This training will differentiate between direct versus indirect costs, define total contract costs, provide an overview of indirect allocation bases, and explain how FAR Part 31 clauses describe allowability, allocability, and reasonableness.

At the end of a defined accounting period, federal government contractors must submit actual costs incurred to DCAA. The intention of this process is for DCAA to review costs claimed to ensure they are allowable, allocable, and reasonable per FAR 31, as well as within the terms of their respective contracts. DCAA will discuss requirements for the annual submission and what DCAA considers to be elements of an adequate submission. This training provides an overview of the DCAA Incurred Cost Electronic (ICE) model, which provides contractors with a standard user-friendly package to compile their financial data. DCAA will also discuss its adequacy review process and means of how they select submissions for audit.

Get Free Assistance with Government Contracting

The APEX Accelerator Team will discuss the free services offered to small business owners when exploring government contracting opportunities.

PLEASE NOTE: Once you have registered, you will be sent access details to join the webinar in a separate email.

Learn from the experts

Nadine Clark
Director of Procurement Programs, UCEDC

In her role as UCEDC’s Director of Procurement Programs, Nadine oversees various procurement activities for small business owners seeking to market and sell their specific products and services to federal, state and local government agencies.

With more than 25 years of combined experience in both the public and private sectors of government contracting, Nadine has a thorough grasp of how to navigate the government contracting system. She believes that this familiarity enables her to successfully help small businesses understand how to find, bid, win, and perform on government contracts.

Katelyn Rigle
DCAA Financial Liaison Advisor (FLA) Non-DoD and Small Business

Ms. Katelyn Rigle is the Operations Audit Liaison Small Business Coordinator for DCAA, headquartered at Fort Belvoir, VA. Ms. Rigle has been with the agency since 2009 and currently acts as the agency’s small business liaison, offering education, guidance and support to small and medium businesses working in the Federal contracting realm. Ms. Rigle also coordinates training through the Small Business Administration, APEX Accelerators, and federal consulting firms.

Ms. Rigle graduated from King’s College with a Bachelor of Science degree in Accounting as well as Strayer University with a Master of Business Administration, concentrating in Government Acquisition.

UCEDC’s APEX Accelerator is supported by the Department of Defense Office of Small Business Programs.

For more information, contact Nadine Clark at apex@ucedc.com or 908-527-1166.