This webinar provides an overview of the importance of having robust cost accounting systems for companies working on federal contracts. We will discuss how federal regulations require contractors to have adequate systems for accumulating and reporting costs under government contracts. Proper cost accounting helps ensure contractors bill the government appropriately and comply with regulations.

Learning Objectives:
• Understand federal regulations related to cost accounting for government contracts
• Learn the essential components of an acceptable cost accounting system
• Recognize the importance of accurate cost accounting and tracking for pricing contracts and billing purposes
• Identify best practices for cost accounting systems to ensure compliance and optimize financial performance
• Discuss the consequences for contractors without adequate cost accounting procedures and controls
• Provide recommendations for contractors to improve their cost accounting practices related to federal work