Material Management and Accounting Systems
August 25 @ 10:00 am - 3:00 pm
One event on August 25, 2022 at 10:00 am
Government contractors are already reporting a significant increase in focus from DCAA on their Material Management Accounting System with audits scheduled for later this year. Don’t be caught off guard and get the information you need now. This briefing will review the overall nature and intent of MMAS, the MMAS criteria and DCAA’s new Audit Program including current US Government oversight expectations and contractor best practices for system description, policies and procedures, system walk-through, and compliance demonstration.
This is a comprehensive course addressing US Government contractor requirements related to Material Management & Accounting Systems (MMAS). Participants will learn the nature and intent of the DFARS rules, and details regarding US government audit techniques, and strategies for avoiding or minimizing the effect of adverse audit findings. This course provides participants with the knowledge needed to comply with US Government contractor contractual requirements regarding implementation and maintenance of a compliant MMAS. It is recommended for those individuals with contract containing the MMAS clause who are responsible for US Government contract compliance, material planning, sourcing, inventorying, issuing, and accounting for materials and material costs, as well as those responsible for implementing and maintaining an adequate MMAS, or conducting related compliance oversight.