Fundamentals of Government Cost Accounting

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Date(s) - 02/04/2020
10:00 am - 12:00 pm

MEC - Leesburg


A Virginia PTAC Organized or Sponsored event, Accounting/Budget, Government Contracting, Introductory Level, Orientation, Basic Training, Introductory Topics, Selling to Government

*postponed from original 1/28/20 schedule to current 2/4/20 date*

Fundamentals of Government Contract Accounting

  • Major Contract types
  • Direct and Indirect cost
  • Cost Accumulation Structure
  • Indirect Cost Pools
  • Indirect Rates
  • Accounting for Unallowables
  • DCAA Accounting Systems Survey checklist
  • Accounting Policy and Procedures
  • Accounting & timesheet software options for contractors

How to setup your QuickBooks file to help you pass DCAA Accounting system review

  • How to Setup chart of accounts to segregate direct and indirect cost
  • How to segregate and capture FAR 31.205 related Unallowables cost
  • How to setup payroll to track direct and indirect labor
  • How to generate labor distribution report
  • How to setup customer, project, task to track revenue and direct cost by project
  • How to capture direct cost by project and run job cost report

This class is taught by MillerMusmar CPAs, a full service, performance driven CPA firm. MillerMusmar CPAs offer cost-effective and responsive service clients to provide management-friendly tax advice and creative solutions to complex problems government contractors face every day.

To register, please click here!