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Jennifer Schaus - [email protected] and Jeffrey Padawer of DCAA Assist present a government contracting webinar on the DCAA Audit. Full audio & video avail at: http://youtu.be/pgHnslDhX_c or contact Jennifer Schaus at 1 - 2 0 2 - 3 6 5 - 0 5 9 8
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DCAA Audits / SF-1408Get The Facts!
• Agenda– Introductions– Presentation– Q & A
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DCAA Audits / SF-1408 Get The Facts!
– Introductions:• Fed Bid Speed – B2G Software Mngt Tool• Fierce Govt – Govt IT Publication• Jeffrey Padawer, CPA – DCAA-Assist LLC• Jennifer Schaus – JS & Associates
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DCAA Audits / SF-1408Get The Facts
• Fed Bid Speed* Software program to manage B2G Opps
* Single click integration with FBO.gov
* Share notes & project manage RFP’s
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DCAA Audits / SF-1408Get The Facts!
• Fierce Government* Free Govt Newsletter
* Agency News / Open Gov / Data Mngt
* Analysis / White Papers / Events
* In-depth & Quality = Differentiator
DCAA Audits / SF-1408Get The Facts!
DCAA-Assist LLC• FAR Compliance & Accounting Specialist• QuickBooks Implementation• Time-Keeping, Cost Pools, Account Structure• Policies & Procedures, Job Cost Accounting• DCAA pre-award audit preparation• Indirect Costs, Incurred Cost reporting
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DCAA Audits / SF-1408 Get The Facts!
• Jennifer Schaus & Associates• B2G Services and Events
* GSA Schedules
* Federal Sales / Marketing
* Subject Matter Experts on Various B2G Components
B2G Govt Contractors Networking Event - March 19
http://JenniferSchaus3.eventbrite.com
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DCAA Audits / SF-1408Get The Facts!
DCAA Audits / SF-1408 Get The Facts!
DCAA – Defense Contract Audit Agency
What is it exactly?
DCAA Audits / SF-1408 Get The Facts!
SF-1408 Standard Form 1408
Pre-Award Survey of Prospective
Contractor - (Accounting System)
DCAA Audits / SF-1408 Get The Facts!
1. GAAP (Generally Accepted Accounting Principles)
a) Accrual Accounting
b) Matching Principle
c) A/R & A/P
d) Monthly Reconciliations
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DCAA Audits / SF-1408Get The Facts!
2. Accounting System Provides for:a) Segregate direct v. indirect costs
i. Chart of accounts
ii. Policies & Procedures
b) ID & accumulation of direct costs by contract
i. Job Costing (Customer : Contract : CLIN : Task Order)
c) A logical & consistent method for the allocation of indirect costs
i. Indirect Cost Pools Structure (Fringe, Overhead, General & Admin, Unallowable Costs)
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DCAA Audits / SF-1408Get The Facts!
2. Accounting System Provides for:d) Accumulation of costs - general ledger control
i. Integrated General & Job Cost Ledgers
e) A timekeeping system i. Analog or Digital Time Cards
(direct & indirect labor hours)
f) A labor distribution systemi. Labor hours converted to labor $’s at the effective hourly rate of pay
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DCAA Audits / SF-1408Get The Facts!
2. Accounting System Provides for:g) Routine posting of books of account
i. Timely posting & data entry
h) Exclusion of FAR 31.205 Unallowable Costsi. Policies & Procedures, separate G/L section
i) Identification of costs by contract line itemi. Accounting structure for Customer : Contract : CLIN : Task Order
stipulated by contract
j) Segregation of preproduction costsi. Generally N/A for service contracts
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DCAA Audits / SF-1408Get The Facts!
3. Accounting system provides financial information:a) Limitation of cost (FAR 52.232-20) or
b) Limitation on payments (FAR 52.216-16) i. 75% Spend level (Budget to Actual Reporting)
c) Support requests for progress paymentsi. Voucher Master for CPFF contracts
4. Pricing follow-on acquisitions
5. Accounting system currently in full operation
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Please send your questions here
Jennifer Schaus & [email protected]
www.JenniferSchaus.com+ 1 – 2 0 2 – 3 6 5 – 0 5 9 8
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Jeffrey Padawer, CPADCAA-Assist [email protected] 6 7 – 8 8 5 – 4 6 3 0
