Compliant Accounting and Strategic Costing/Pricing for Emerging Government Contractors

Two session series in which attendees may choose one or both to attend depending on level of interest. Registrations after 3/9/2021 are accepted via email at ptac@gmu.edu until the date of the second session. We hope you will join us!

This series of carefully designed sessions addresses the basic compliance and business management processes and tools valuable to the small and emerging government contractor as well as the larger more established organizations. They provide in-depth guidance on establishing a compliant accounting system and indirect rate structure that will be accepted by DCAA and allow you to propose on and win government contracts. Information on proper labor timekeeping and recording practices will identify areas of compliance risk. The allowability of those costs identified as ”expressly unallowable” and the proper accounting for these costs will be discussed capped off with the value of comprehensive policies and procedures to ensure your continued compliance.

SESSION ONE:  Accounting System Compliance – Foundation for Success (3/9/2021)

• SF1408 – Accounting System Adequacy Assessment
• Job Costing Requirement – Need for Consistency
• Labor Recording
• Internal Controls
• Policies and Procedures

SESSION TWO:  Strategic Costing and Pricing Fundamentals (3/16/2021)

• Determining Direct Labor Values
• Establishing Indirect Expense Allocation  Bases
• Strategic Indirect Rate Alternatives – Why and When
• Pricing Alternative Comparisons
• Setting and Supporting the Profit Objective

Presented By:

Sam Davidson, President and CEO, GovConConsulting2013, LLC

Mr. Davidson is an independent consultant with over 50 years of experience in government contracting compliance and accounting for government contracts.  He specializes in the development and implementation of compliant business systems, developing and implementing indirect cost rate allocations, cost recovery optimization practices, preparation of requests for equitable adjustments   and responding to DCAA issues.  His proactive approach to potential control and compliance situations addresses systemic problem identification, the implementation of realistic and practical corrective actions and continuing control and compliance verification.

Neena Shukla. CPA, CFE, CGMA, FCPA, Partner, PBMares, LLP

Ms. Shukla is a Partner with PBMares, LLP based in the Metro D.C. area and Leader of the Government Contracting Team.  She has more than 15 years of public accounting experience. Her areas of specialization include government contracting, employee benefit plans, construction and  real estate entities, cybersecurity, Due diligence for Mergers and Acquisition support, Securities and Exchange Commission consulting and working with technology companies. She brings specialized knowledge of key accounting issues such as employee stock compensation, equity transactions, and revenue recognition to clients. As a Certified Fraud Examiner (CFE) and a Forensic Certified Public Accountant (FCPA), she also specializes in providing consulting engagements focusing on fraud investigation and analysis.