Thompson Government Contracting

Mastering the Pre-Award Accounting System Review

Wednesday, September 14, 2016

Webinar Details

Subject: Federal Contracting

Prerequisites: None

Recommended Field of Study: Specialized Knowledge and Applications

Program Knowledge Level: Basic

Advanced Preparation: None

Duration: 90 minutes

Location: Your office or conference room, per telephone connection

Course Description:

Before you can land a cost reimbursement type government contract, you may have to pass the Pre-Award Survey of Prospective Contractor Accounting System Review. But what does it take to get your system deemed “adequate” so you can be eligible to receive the award?

Under the FAR, you are required to follow specific regulations to determine how costs are considered to be allowable, as well as how they are accumulated and allocated. Plus, you must demonstrate your ability to meet various Standard Form 1408 requirements.

Here’s how to do it all, so you’ll be ready for the review!

Register now for Mastering the Pre-Award Accounting System Review.

In this 90-minute webinar, two Aronson government contracting specialists show you how to achieve an “adequate” accounting system that clears the way for you to receive cost reimbursable type contract awards. From timekeeping to segregating direct and indirect costs, Aisha Mian and La-Tasha R.R. Patel will show you how to bring your system into compliance—especially on flexibly priced contracts.

An asset in winning new business, too! Step by step, you’ll learn how to fine tune your accounting system so you can pass the review and be in positions to win new work for cost reimbursement-type contracts. You’ll also gain insights on how this accounting system “upgrade” can lower your risk of noncompliance with FAR Part 31 and the CAS. Plus, you’ll have the chance to ask your own questions during the Q&A portion of the webinar.

Reserve your space now to get the know-how to turn your accounting system into an asset for winning—and conducting—business with the federal government. Attendees who complete this webinar will:

  • Understand a Pre-Award Accounting System Review is and the requirement per the FAR
  • Discover when a Pre-Award Accounting System Review is required for a government contractor
  • Review the steps on how to prepare yourself for a Pre-Award Accounting System Review
  • Identify actions that could be taken to prepare for the implementation of the update

Remember, if your accounting system isn’t “adequate,” you aren’t eligible for cost reimbursement type government contracts. Don’t miss this opportunity to learn what it will take for your system to sail through an review.

Register now for Mastering the Pre-Award Accounting System Review.

Who Will Benefit

This webinar is of value to all federal contractors and subcontractors, especially those with flexibly priced contracts. Finance and contract professionals who will benefit the most include:

  • Accountants
  • Counsel
  • Compliance officers

Aisha Mian

Aisha Mian is a managing consultant in Aronson’s Government Contract Services Group. She has more than 10 years of experience in the government contracting industry, with expertise in both project control and financial compliance. Her professional skills include contract/project financial analysis and various areas of financial compliance, including preparation of incurred cost submissions; support in evaluating, preparing and advising appropriate indirect rate structures; preparation of disclosure statements; and analysis and impact of cost accounting standards (CAS). She has also worked alongside in-house DCAA auditors supporting audits for incurred cost submissions during her time in the industry.

Aisha has been a guest speaker on financial and government contracting topics at the GWSCPA Government Contracting Conference and has hosted Aronson webinars related to government contracting topics.

La-Tasha S.R. Patel, CPA


La-Tasha Patel, CPA is a managing consultant in Aron­son LLC’s Government Contract Services Group. With more than eight years of experience in the government contracting industry, she focuses on cost accounting standards (CAS), business systems, federal acquisition regulation (FAR), and audit support.

Throughout her career, La-Tasha has served the government contracting community in several capacities, using her in-depth knowledge of accounting areas related to business combinations, revenue recognition, consolidations, GAAP, internal control systems, financial reporting and analysis, financial risk, indirect rates and account reconciliation.  This diverse knowledge gives her the ability to perform an analysis with an understanding of the motivation of the stakeholder from each sector. As a result, La-Tasha is adept at providing practical solutions that achieve positive results for her clients.

La-Tasha is a motivated mentor and teacher, committed to sharing her knowledge with peers and helping her clients rethink their business strategies to achieve their goals.

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