Date: Tuesday, June 21, 2022
Time: 1:00PM EST

Join our special guest Alex Mikhelson, Senior Manager with Baker Tilly, and our host, NVSBC Program Director Earl Morgan, as Alex discusses the question, what does it mean to have an acceptable, adequate, and/or approved accounting system? Unlike some other business systems, the requirement to have an adequate accounting system is driven by type of contract and/or proposal not necessarily by contract size or business size. Cost reimbursable, incentive type, time and materials, labor hour, and of course cost accounting standards covered contracts all require a contracting officer to make a determination about the contractor's accounting system. However, there has been ambiguity around what is meant by an adequate, acceptable, and/or approved system that we will help alleviate here. Participants will learn tips, skills, and facts to improve their compliance awareness, productivity, and efficiency.

Participants will learn more about the following:

• To understand the differences and meaning of adequate, acceptable, and approved when encountering them in solicitations and awards
• To learn about key risk areas and some best practices when setting up or selecting an accounting system to be sufficient for award

Register Here!