ABOUT THE WORKSHOP
The beginning of this 'two in one' workshop will consist of a brief "Introduction and DCAA Overview". The presentation will provide an overview of the Defense Contract Audit Agency including the responsibilities and duties. The types of DCAA audits can that can be performed throughout the various phases of a contract will be discussed. Finally, participants will learn about the DCAA Internet resources and presentations that are available.
The second portion and final portiojn of this workshop will consist of "Accounting System Requirements." The presentation will provide an overview of the pre-award accounting system design review process. Participants will learn what occurs prior to the award of a cost-type contract, what is contained in the SF 1408, and what the applicable DFARS regulations say with regard to what comprises an acceptable accounting system. Total contract costs, including direct costs and indirect costs will be discussed. Examples of typically seen indirect rates will be provided as well as a discussion of selecting a proper allocation base will also be provided. Participants will learn about the FAR Part 31 clauses that cover allow ability, allocability, and reasonableness as well as concepts such as Contract Terms, Accounting for Contract Costs, Labor System, Timekeeping, Unallowable Costs, Cost by Contract Line Item, Billings, Cost Accounting Information, and Management Reviews/Internal Audits along with the applicable DFARS clauses. Finally, some common deficiencies will be discussed.
ABOUT THE INSTRUCTORS
Sherry Kobus Small Business Program Manager
Ms. Kobus is the Small Business Program Manager and is at DCAA Headquarters in Fort Belvoir, Virginia. In this capacity, she serves as the program manager and audit expert for the small business program with responsibility to provide assistance, consultation and internal control with regard to audit requirements and their application to small business. Ms. Kobus graduated from Virginia Tech with a Bachelor of Science degree in Accounting. She began her DCAA career as an Auditor at the Rosslyn Branch Office in Northern Virginia where she also held Technical Specialist and Supervisory Auditor positions. Ms. Kobus has served in Headquarters as a Financial Liaison Advisor (FLA) and Senior FLA in the Operations Directorate and as a Program Manager performing investigations in the Internal Review Directorate.