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Material Management and Accounting System (MMAS) (CO)

October 24 @ 8:30 am - 3:30 pm

$295

To Learn more or sign up, click here!

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. 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.

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
  • Understand the nature and intent of the MMAS standards
  • Know approaches used by DCAA to determine risk/vulnerability, and audit scope
  • >

  • Know the techniques used by DCAA to audit specific aspects of MMAS and determine cost impact of system deficiencies
  • Know strategies for avoiding or minimizing the effect of adverse audit findings

Topical Agenda:

  • Course introduction and learning objectives
  • Nature and intent of material requirements planning and management
  • MMAS related FAR and DFARS regulations
  • DFARS MMAS Standard #1, Maintaining adequate policies procedures and operating instructions
  • DFARS MMAS Standard #3, Reporting exceptions and identifying excess/residual inventory
  • DFARS MMAS Standard #4. Maintaining a sufficient audit trail for material related transactions
  • DFARS MMAS Standard #9, Commingling fixed price, cost-type, and commercial contract inventories
  • DFARS MMAS Standard #2, Charging and billing valid time-phased requirements, and maintaining/measuring bills of materials and master schedule accuracy
  • DFARS MMAS Standard #5, Maintaining inventory accuracy
  • DFARS MMAS Standards #6 & #7, Documenting and costing material acquisitions and transfers, and using a loan/payback system
  • DFARS MMAS Standard #8, Using a soft-pegging system for allocating/re-allocating materials among cost objectives
  • DFARS MMAS Standard #10, Conducting and documenting periodic internal oversight
  • Avoiding or minimizing the impact of adverse audit findings
  • Course Summary

To Learn more or sign up, click here!

Organizer

John Plinke
Phone:
202-775-7240
Email:
seminars@publiccontractinginstitute.com

Venue

Denver Athletic Club
1325 Glenarm Pl
Denver, CO 80204 United States
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The Public Contracting Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

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