As a contractor, you may be subject to certain requirements related to your accounting system. This program will cover the Pre-Award Survey (Standard Form 1408) as well as the DFARS Accounting System Rule including Timekeeping, Labor Distribution and Billing. Learning Objectives: By the end of the webinar you should be able to:  Understand a pre-award accounting system survey and its purpose in the federal-award process;  Identify the objective of the accounting business system and its common criteria;  Apply the accounting system adequacy attributes to real-world examples;  Recognize which accounting subsystems are covered in the Defense Contract Audit Manual (DCAM); and  Be aware of potential issues when implementing new accounting systems.

Join Federal Publications Seminars and Capital Edge Consulting for our ninth year of Procurement University--a comprehensive 9-part series of online classes covering the critical elements of accounting and pricing of Federal Government contracts.

In this session, our experienced practitioners from BakerHostetler's preeminent national government contracts practice will walk the audience through the FAR clauses addressing the U.S. Government's rights when terminating a contract for default or convenience, the procedures that must be followed, contractor rights when facing such, and practical guidance. This topic is particularly relevant given current actions of the administration, and our objective is to inform participants on managing the termination and claims process. The presenters will address: (Learning Objectives)  Terminations for convenience vs default  Responding to stop-work orders  Commercial vs negotiated contract termination procedures  Claims and requests for equitable adjustment  Cost allowability