Contracts and Accounting often operate independently within contract management, leading to inefficiencies and labor-intensive data gathering for project reporting, Incurred Cost Submission preparation, and contract closeouts. In this session, we will identify common inefficiencies and discuss streamlined processes to provide accurate data without manual intervention. We will explore:  The impact of FAR clauses on both Contracts and Accounting  The use and maintenance of contract briefs to keep data current  The effect of new revenue recognition requirements on project reporting  The benefits of using contract budgets for the entire company  The necessary data for preparing accurate Incurred Cost Submissions and ensuring thorough contract closeouts Through examples of inefficiencies and manual processes, we'll provide recommendations for improvements. We encourage attendees to share their experiences with gaps in their current processes and discuss strategies they have implemented to improve efficiency. This interactive session aims to foster a collaborative environment where you can learn from industry peers and experts.

This session provides guidance on what to expect before, during, and after a DCAA Incurred Cost Proposal (ICP) audit. Along with covering the typical ICP audit process, we explore the normal areas of focus for DCAA, expected DCAA data requests and their purpose, typical DCAA findings and potential responses to those findings, as well as some best practices to avoid common pitfalls during the audit process. Learning Objectives:  Brief overview of the ICP and its purpose  DCAA selection criteria for ICP audits  Understanding the difference between an adequacy review vs. a full audit  Common DCAA data requests to expect and the rationale behind them  Common DCAA findings  Tips on how to defend against findings, particularly questioned costs  Most common challenges contractors face during an ICP audit and tips on how to overcome them

After years of speculation and rulemaking, CMMC is now the reality for nearly every company that works with the Department of Defense (DoD). The rule is complex, and the timeline is tight: many primes are already enforcing adherence to CMMC standards even before the requirement is officially in contracts in 2025, meaning subcontractors may be subject to an accelerated pace for compliance in order to preserve their business. Every company must have a clear understanding of what is required to ensure a successful assessment and CMMC compliance; will your company be ready? Join Bill Wootton, Chief Revenue Officer at C3 Integrated Solutions, break down the individual steps required to go from ground zero to a successful assessment, including strategy development, tech deployment and ongoing management. In addition, attendees will also learn how to manage ongoing CMMC compliance to ensure business continuity as technology - and the rule - changes in the future. Attendees will learn (learning objectives): 1. Best practices for building a CMMC strategy 2. How to determine your technology needs and deploy the right platform(s). 3. Best practices for managing technology in a changing compliance landscape 4. Key components of security monitoring 5. How to plan for ongoing compliance management

The session provides guidance on how to navigate a DCAA accounting system audit. The webinar takes a lifecycle approach. It begins with understanding the different accounting system and associated audit requirements, to supporting the audit process, through audit reporting and corrective action. This course emphasizes the practical realities of an accounting system audit by offering tips and tricks to get out in front of audit findings, managing auditor/auditee relationships, avoiding common pitfalls, and facilitating timely corrective action if adverse audit findings surface. Learning Objectives:  High-level overview of the accounting system requirements  Understanding and differentiation of accounting system audit types and associated approaches  Developing strong working relationships with DCAA  Common DCAA data requests to expect and the rationale behind them  Sensitive areas and common contractor pitfalls during accounting system audits  Tips and tricks to get in front of potential audit findings and facilitate timely corrective action

This webinar will provide an overview of the landscape of new U.S. tariff actions under the current administration. Understanding how the different tariff actions work is essential to identifying your company's supply chain risk and creating tariff mitigation strategies. Persons who would benefit from this webinar, include, but are not limited to, business executives, contracting specialists/administrators, project managers, purchasing specialists, import and export compliance officers, logistics personnel, and legal and financial advisors. The webinar will conclude with a 10-minute Q&A session to address any questions. Learning Objectives:  Brief overview of the new U.S. tariff actions.  Primer on U.S. customs law and regulations.  Discussion on potential tariff mitigation strategies.

The session provides an overview of the cost impact process, with a specific focus on the parties involved in the review and audit, along with expectations from DCAA. We will discuss the factors that contribute to a cost accounting practice change and the requirements to submit a Cost Impact, including identifying the change, determining the impact population, calculating the impact and driving toward resolution. We will touch on many of the key deliverable expectations included in DCAA's Cost Impact Adequacy Tool and likely areas of emphasis during the audit. Learning Objectives:  Overview of the Cost Impact process, including parties involved  Characteristics of a Cost Accounting Practice Change  Understanding the difference between a General Dollar Magnitude and a Detailed Cost Impact  Common risk factors to think about that may be raised during a Cost Impact proposal audit  Overview of DCAA's Cost Impact Adequacy Tool

This course will provide the basis for why companies should want to enter into OTAs, a brief history of the changes to OTAs, key elements of an OTA and the Statutory Basis for OTAs. Learning Objectives: This initial session will cover the following topics:  Current Spending Trends  Statutory Basis  Key Elements of an OTA