Fundamentals of Government Cost Accounting (Leesburg)

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.