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The DFARS requires contractors to maintain compliant systems for material management and material accounting. This course covers MMAS regulatory requirements, techniques for addressing MMAS compliance issues, and practical approaches to achieving and maintaining regulatory compliance as well as good business practices for ensuring proper cost accounting for inventory and other resources acquired and consumed for US Government contract manufacturing, production. It is recommended for individuals with responsibilities for providing input to or relying on output from the material management and accounting system (MMAS), or are responsible for conducting or subject to MMAS audits.
Learning Objectives
Upon completion of this workshop, the participant should know:
• The concepts of material requirements planning, interrelationships of material requirements planning and material accounting, and the effects of inadequate material management on material accounting
• The nature and intent of the MMAS standards
• Approaches used by DCAA to determine risk/vulnerability, and audit scope
• Techniques used by DCAA to audit specific aspects of MMAS and determine cost impact of system deficiencies
• Strategies for avoiding or minimizing the effect of adverse audit findings. |
Dates and Locations
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September 19-20, 2012
New York-New York Hotel
Las Vegas, NV
$1025.00
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Accreditation
This Program is eligible for:
11.0 (60 minute)
13.0 (50 minute)
This Program is eligible for:
13.0 (CPE) hours of credit
Program Level: Basic
Program Prerequisite: N/A
Advance Preparation: N/a
Method: Group Live
This Program is eligible for:
11.0 (CLP) hours of credit
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Daily Schedule
L'Enfant Plaza: 9:00 AM - 4:00 PM
AGENDA
DAY ONE
I Nature and intent of material requirements planning and management 9:00 - 10:15
Break 10:15 - 10:30
II MMAS related FAR and DFARS regulations 10:30 – 12:00
Lunch 12:00 - 1:00
III Standard #1, Maintaining adequate policies procedures and operating instructions 1:00 - 2:15
Break 2:15 - 2:30
IV Standard #3, Reporting exceptions and identifying excess/residual inventory 2:30 - 3:00
V Standard #4. Maintaining a sufficient audit trail for material related transactions 3:00 - 3:30
VI Standard #9, Commingling fixed price, cost-type, and commercial contract inventories 3:30 - 4:00
DAY 2
VII Standard #2, Charging and billing valid time-phased requirements, and maintaining/measuring bills of materials and master schedule accuracy 9:00 - 9:45
VIII Standard #5, Maintaining inventory accuracy 9:45 - 10:30 - 2:30
Break 10:30 - 10:45
IX Standards #6 & #7, Documenting and costing material acquisitions and transfers, and using a loan/payback system 10:45 - 11:15
X Standard #8, Using a soft-pegging system for allocating/re-allocating materials among cost objectives 11:15 – 12:00
Lunch 12:00 - 1:00
XI Standard #10, Conducting and documenting periodic internal oversight 1:00 - 2:00
XII DCAA MMAS Audits 2:00 - 2:30
Break 2:30 - 2:45
XIII Case exercise 2:45 - 3:30
IX Avoiding or minimizing the impact of adverse audit findings 3:30 - 4:00
Ki Capitano
Ki Capitano is a consultant with Capitano Consulting providing consultation, advice, assistance, and training on government contract financial and other regulatory compliance matters. Ki began his career in government contracting in 1976, working as a contract auditor for the Defense Contract Audit Agency (DCAA). While with the DCAA, he performed a full range of contract audits of government contractors and contract audit functions. He worked as an instructor at DCAA's contract audit institute in Memphis, TN designing, developing, and delivering training courses to DCAA auditors and managers in both technical and managerial subjects, as well as supporting briefings to industry and other government agencies, and worked at DCAA headquarters as program manager, responsible for a variety of audit initiatives. Ki also worked for KPMG Peat Marwick as a manager responsible for designing, developing, and delivering training courses and providing expert advice to clients regarding government contract regulatory compliance issues in a wide variety of areas. Ki holds an MBA from George Mason University and is a retired CPA. He is a former member of the American Production and Inventory Control Society's Aerospace and Defense Specific Interest Group steering committee, and a current member of the Virginia Society of CPA’s.
Accreditation
This Program is eligible for:
11.0 (60 minute)
13.0 (50 minute)
This Program is eligible for:
13.0 (CPE) hours of credit
Program Level: Basic
Program Prerequisite: N/A
Advance Preparation: N/a
Method: Group Live
This Program is eligible for:
11.0 (CLP) hours of credit
New York-New York Hotel 3790 Las Vegas Blvd S
Las Vegas, NV 89109
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Register Now for:
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Register Online
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Location |
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| September 19-20, 2012 |
Las Vegas, NV |
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By Phone
Call (888) 494-3696
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