Your APEX Accelerator and the National APEX Accelerator Alliance (NAPEX) are excited to announce the upcoming DCAA Cost Reimbursement Series. Part 1 of this series includes Accounting System Requirements and Real Time Labor Evaluations.

Prior to being awarded a cost reimbursable contract, federal contractors need to ensure their accounting system is adequate for determining costs applicable to federal contracts. This is accomplished when DCAA conducts a Pre-Award Accounting System Audit at the request of a federal agency. During this training, DCAA will discuss the federal regulations that define an acceptable accounting system, evaluate the minimum requirements of the SF 1408 criteria, and how small businesses can prepare for this type of audit. In this webinar, experts from DCAA will differentiate between direct versus indirect costs, define total contract costs, provide an overview of indirect allocation bases, and learn how FAR Part 31 clauses describe allowability, allocability, and reasonableness. Once awarded a cost reimbursable contract award, contractors are eligible for floor check audits, otherwise known as “real-time labor evaluations”.