The Government Contracting Institute Presents New Course: Accounting Regulations and Business Systems: Key Updates for Government Contractors

Top Quote On January 28, 2016 the Government Contracting Institute will hold a course (in-person and virtually online) that will help attendees understand the design and importance of adequate business systems. End Quote
  • Baltimore, MD (1888PressRelease) January 12, 2016 - Regardless of a company's size, keeping in line with the government's accounting regulations and maintaining a business system that adheres to Contractor Business System Rules could save time and money.

    The course is taught by Norman Lorch, CPA, an executive consultant with over thirty-five years of experience in the field of financial management and the administration of government contracts. In "Accounting Regulations and Business Systems," Mr. Lorch covers several topics including:
    The inter-relationships of various penalties for having a business system deemed to be inadequate or not functioning properly.

    Attendees will begin to understand the importance of establishing a system that complies with the Business System Rules of the Department of Defense Contracts-even when those rules and the related system deficiency penalties are only applicable to larger contractors.

    Minimum levels of internal controls and their importance to all contractors.

    Possible punitive actions from the failure to comply with the Department of Defense (DOD) "gold standard" and other regulations.

    How complying with DOD standards and regulations relates to satisfactory completion of the SFI 408 (Pre-award Survey of Prospective Contractor - Accounting System) for all contractors.

    After the course, attendees will not only have an increased understanding of accounting regulations and business systems, but they will be able to:
    Establish the first-line of defense for systems and internal controls in their business.

    Design and implement the elements of a compliant system.

    Know the penalties for adhering to inadequate systems.

    Date: January 28, 2016
    Time: 1PM - 4PM
    Cost: $295
    Logistics: In-person and online
    Location: Government Contracting Institute/ TargetGov offices
    780 Elkridge Landing Road, Suite 204
    Linthicum Heights, MD 21090

    Snacks are provided for those attending in-person.

    TargetGov is conveniently located off I-95 and 295, just minutes away from BWI/ Amtrak.

    "Accounting Regulations and Business Systems" part one of a two-part series by Mr. Lorch for the Government Contracting Institute. The second course, "Accounting Cost Allowability: Critical Issues for Government Contractors," will be held at the Institute on February 11. Those who sign up for both courses will save $75.

    To learn more about this course and to register visit: www.GovernmentContractingInstitute.com, email info ( @ ) targetgov dot com or call 866-579-1346 dot

    About The Government Contracting Institute:
    Established in 2013 by TargetGov, the Government Contracting Institute is a series of advanced government contracting courses designed to help businesses at all experience levels see success in the federal government marketplace. It offers the opportunity to receive instruction from leaders in the government contracting market on topics that will help companies fast-track market entry. For more information about the course, contact TargetGov at 866-579-1346, email info ( @ ) targetgov dot com, or visit www dot GovernmentContractingInstitute dot com

    About TargetGov:
    TargetGov provides national support with expertise in federal government procurement related business development and marketing services including business development, proposal management and development, contract administration, socio-economic and minority certification services, contract development (GSA Schedules, BPAs, IDIQs, GWACs, etc.), and expert federal contracting services. President Gloria Berthold Larkin has been recently quoted in the Wall Street Journal and TheStreet.com, and she is the author of "The Basic Guide to Government Contracting" and "The Veterans Business Guide: How to Build a Successful Government Contracting Business." Visit www.TargetGov.com or call 866-579-1346 for more information.

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