DCAA Compliant Time & Expense, Project Reporting, and Cost Accounting How can Government Contractors Meet the Needs of Finance and Project Management?

Slides:

Advertisements

Similar presentations

Leveraging an Integrated ERP and CRM System - Featuring Sage MAS 500 ERP and Sage SalesLogix CRM.

Advertisements

Revenue Recognition Construction-Type and Production –Type Contracts

© 2013 Cengage Learning. All Rights Reserved. May not be scanned, copied, duplicated, or posted to a publicly accessible website, in whole or in part.

SUNFIX Consulting Co., Ltd The Partner sign of success. Company Profile channel partner :

Building a Successful Foundation for DCAA Compliance Larry Mocniak – CFO Phoenix International K.D. “Ken” Bricker, Senior Partner Goodman & Company, LLP.

Accounting System Requirements The views expressed in this presentation are DCAA's views and not necessarily the views of other DoD organizations 1 Further.

1. 2 Introduction Background Information Denver Branch Office Mobile Teams Ball Aerospace Suboffice Lockheed Martin Astronautics Suboffice Colorado Springs.

Indirect Cost Workshop

Audited Overhead Rates – The Good, The Bad, and The Ugly AASHTO Subcommittee on Internal and External Audit 2014 Annual Meeting August 10 – 13, 2014 Savannah,

DCAA – WHO WE ARE and WHAT TO EXPECT

Content General rules, Related parties, Price paid or payable, Introduction to the transfer pricing.

Contract Types. Forms of Contracts Completion – A product is delivered –Cost or Fixed Price –Product must be delivered –Contract completed on delivery.

Public Vouchers Further information is available in the Information for Contractors Manual under Enclosure 5 The views expressed in this presentation are.

National Aeronautics and Space Administration ANSI/EIA-748-B Earned Value Management Systems (EVMS) 32 Guidelines ANSI/EIA-748-B Earned Value.

Cost Accounting Standards Accounting 6310 Richard McDermott, Ph.D.

Basic Financial Requirements for DoD Government Contracting 2015 National SBIR/STTR Conference The views expressed in this presentation are DCAA's views.

ANSI/EIA -748 EVMS 32 Guidelines National Aeronautics and Space Administration.

I n t u i t C o n f i d e n t i a l 1 Tech BizSolutions GovCalc™ System Solution Introduction 1/29/10 Mike Anderson, VP Marketing, ,

Introductions Mike Dement Multi Management Services

CORPORATE PROFILE

Integrated timesheets with Project Server and Finance systems Chris Vandersluis President HMS Software.

Electronic Business Systems

Enterprise Asset Management

ProjectHelp Product Presentation Professional Services Automation.

Defense Acquisition University American Society of Military Comptrollers The Good, the Bad, and the Ugly What Every Financial Manager Should Know About.

Nuts and Bolts of Government Accounting

Purpose: These slides are for use with customers by the Microsoft Dynamics NAV sales force and partners. How to use: Add these slides to the core customer.

Setting Your Fees Project Cost and Setting Your Fees.

Delta Data Software, Inc. About Us. ▲ Headquartered in Columbus, GA ▲ Company was started in 1985 ▲ Clients are major financial services firms with over.

Purpose: These slides are for use with customers by the Microsoft Dynamics NAV sales force and partners. How to use: Add these slides to the core customer.

Using the AASHTO Audit Guide for the Development of A/E Consultant Indirect Cost Rates Introduction Target Audience Course Structure Learning Outcomes.

Managing Engineering Design - Infrastructure. Presentation Overview 1.Tools and Techniques 2.Design and Documentation 3.Estimating and Scheduling.

Copyright © 2006 Unanet Technologies 1 The Web-Based Project Portfolio Solution Resource Management Real-Time Project Tracking & Management DCAA Time &

FAR Part 31 Contract Cost Principles and Procedures.

DIR Board Meeting | July 17, 2012 Cost-Recovery Fees and Fee Setting Methodology Nick Villalpando Chief Financial Officer.

Chapter 4 Product costing systems: general principles and job costing.

PwC Service Contracting DCAA Interests & Initiatives March 31, 2008.

New Time and Material Requirements Glenn Baer March 2007.

Flow of Project-wise budget Monitoring Internal Controls effectively redefined Group of activities in the project which can be defined and monitored in.

Effective business acumen development with simulations Hands-on learning by competing and collaborating.

Advanced features of the Microsoft Dynamics AX 2012 R2 Service Industries Project contracts Advanced billing rules Customer retention and advanced.

Roland Wick Consultant Understanding Basics of Indirect Rates NCMA March 20, 2014 Roland Wick.

Cost Estimating and Budgeting. Cost Estimating Initial Cost Estimate Initial Cost Estimate Underestimates are Initially a Big Problem Underestimates are.

Management Information Systems Islamia University of Bahawalpur Delivered by: Tasawar Javed Lecture 3b.

Accounts Receivable T&M Report GBA 573 Amber Sykes July 10, 2003.

Fermilab Accrual Practice Overview and Training Prepared by – Jim Wollwert, Asst. Chief Accounting Officer 17 July 2015.

FI$Cal Change Discussion Guide Project Costing April 2016.

Rockton Connect, the powerful, scalable, easy-to-use, and already integrated accounting software for Microsoft Dynamics CRM.

1. 2 Managing Risk and Reward by Contract Type Breakout Session # 501 Beverly Arviso, CPA, Fellow, CPCM, CFCM, Arviso, Inc. Tuesday, July 31, :30-3:45.

Integrated Business Software and Project Management: One Company’s Perspective H.W. Lochner, Inc. Doug Burton, PE, PMP Michael Galbraith, AICP, PMP PMI.

1 Indirect Rate Essentials Breakout Session # B01 Tracking # Instructors: Brent Calhoon & Aaron Raddock Date: July 30, 2012 Time: 2:30 pm-3:45.

1 DCAA 2016 Initiatives A Roadmap for 8(a) firms to Navigate the Minefield PRESENTED BY Patricia J. Mensch, CPA, CGFM, CGMA Partner Government Contract.

Webinar II: Enterprise IPM Schedule Integration Solution

Introducing Rockton Connect Accounting inside Microsoft Dynamics CRM The powerful, flexible, easy-to-use, secure, customizable,

Presented to: By: Date: Federal Aviation Administration Ready for Cost Type Contracts - Accounting Systems and Administration Small Business Vendor Day.

SBS Group Contract Revenue Management Solution Presentation to AXUG.

Project Management Planning and Scheduling Payment Schemes Cost Estimating Risk Management MAE 156A.

IT Governance Project Management Tool Sample Decision Package Review Date: October 14, 2003 Presentation Time: 9:00 – 10:00 AM CST Presenters: PMO Manager.

Finance & Accounting FIRM

Flexible Billings for Projects

NCMA Workshop Developing a Compliant Accounting System for

CPM and Dynamics AX Roundtable – UBAX07

Chapter 5: Job Order Costing

Preparing for a DCAA / DCMA Audit

ADVANCED REVENUE MANAGEMENT (ARM) FOR ASC 606 COMPLIANCE

Northern Oil & Gas – Prophix story

Planned Parenthood of Los Angeles – Prophix story

YuMe Inc. – Prophix story

Project Accounting in Microsoft Dynamics SL | Allocator.

Rumasoft Consulting Corporate Profile.

Presentation transcript:

DCAA Compliant Time & Expense, Project Reporting, and Cost Accounting How can Government Contractors Meet the Needs of Finance and Project Management? Presented by: Christopher Craig – Unanet Bill Aiton – SSi Consulting

Unanet and SSi Consulting Corporate Overviews Unanet PM Software DCAA Accounting Wrap Up Questions

 Accounting System in Accordance with Generally Accepted Accounting Principles  Segregation of Direct and Indirect Costs  Identification and Accumulation Direct Costs by contract  Logical and Consistent Method for Allocating Indirect Costs  Adequate Timekeeping Systems  A Labor Distribution System That Charges Direct and Indirect Labor to the Appropriate Cost Objectives  Can Determine Interim Indirect Rates  Excludes Unallowable Costs  Provides Financial Information Required by Contract Clauses or to Support Progress Payments

Professional Services AutomationLeading Professional Services Automation solution for GovCons: Unanet Project Portfolio Software Product Company since 1998 Dulles Headquarters; FL, CA, MI, TX Offices 900+ Customers; 60%+ are GovCons Cloud/On Demand and On Premise Models Quickstart, Low-Cost, Fast Implementation and Training Approach for Businesses < 50 resources! Implementation and Training Team

Mid-Atlantic Gold Partner – ERP Competency Microsoft Accounting Solutions – SL and GP Founded in 1983 – 29 Years in Business!! Offices in McLean, VA & Columbia MD Cloud/On Premise Financial Solutions Microsoft Partner of the Year – Mid-Atlantic VAR 100 Awards – Accounting Technology Magazine Technology Pacesetter Awards

PROJECT MANAGERSACCOUNTING REAL-TIME STATUS COMPLIANCE BUDGET/FORECAST REVENUE & BILLING RESOURCE AVAILABILITY PRICING PROJECT PROFITABILITY CORPORATE PROFITABILITY EARNED VALUE INDIRECT COSTS PROFITABLE, ON-TIME, ON-BUDGET PROJECTS AND SATISFIED CUSTOMERS !

P Unanet Budget/Forecast Budget/Forecast Resource Mgmt Resource Mgmt Time & ExpenseTime & Expense Project Rpt/Mgmt Project Rpt/Mgmt Dynamics SL Acct Backbone Acct Backbone Pools/Allocations Pools/Allocations Contracts/Billing Contracts/Billing Financial Reports Financial Reports PMs Acctg PROJECTS PEOPLE

Unanet Demonstration (1) Budgeting & Forecasting (2) Time & Expense Reporting (3) Project Management & Reporting

Microsoft Dynamics SL - an ERP solution for mid-sized, project-driven organizations designed for Professional services Operations Field Services U.S. Government Contractors Microsoft Dynamics SL helps connect project management and accounting, and deliver insight across the entire organization so that projects are estimated correctly – and delivered on time and on budget

Flexible chart of accounts: Structured to Cost Objectives Direct Costs 5??? Fringe 6??? Overhead 7??? G&A 8???

Government Contractor report bundle

Compare Indirect Costs at Target and Actual Over/Under variance

Customized Invoice Formats by Contract Type Cost Plus Fixed Fee Firm Fixed Price T&M and others

17

Finally, a solution that ….  Provides real-time and forward-looking project views anchored with a compliant backbone that accommodates your varied contract types.  Delivers information to Accountants and Project Managers at the level they need, when they need it  Gives you the tools to DRIVE PROFITABLITY AND PERFORMANCE !