2-Hr Virtual Seminar - Understanding FAR and Developing Compliance - Intellectual Property, CAS, DCAA Audit

Why Should You Attend:

Organizations must adequately prepare to do business with the government. Developing a relationship with the government can be very profitable for a business. If companies gain knowledge beforehand about the requirements, it can make the process much easier. Developing a strong knowledge of FAR will help organizations avoid pitfalls that can cost a lot of money and time. It can also save organizations from losing contracts and avoid having to pay hefty fines for noncompliance with these regulations.

In this course, attendees will develop an understanding of FAR and understand major parts of it that business owners should be aware of.

Areas Covered in the Webinar:

• Understanding the purpose and vision of FAR
• Understanding business practices and conflicts of interest prohibited by FAR
• Learning FAR procedures and policies for the administration of contracts
• Understanding what FAR says about contractor responsibilities
• Understanding allowed contract types and contracting methods under FAR
• Learning labor laws and requirements under FAR
• Learning FAR procedures and policies pertaining to intellectual property
• Learning how contractors are required to apply Cost Accounting Standards (CAS) to negotiated contracts per FAR
• Learning the FAR cost principles and what types of costs contractors are not allowed to include
• In pricing proposals
• What contractors need to know about FAR policies and procedures pertaining to managing contracts and being audited by Defense Contract Audit Agency (DCAA)

Who Will Benefit:

• Business development personnel
• Small business owners
• Contracts managers/personnel
• Bid/estimating personnel
• Accounting personnel
• Internal auditors
• Company executives/management
• Businesses and nonprofits who want to do business with the government
• Contract personnel with companies currently bidding on government contracts
• Colleges, universities, and other organizations who currently do or want to do business with the government

Instructor Profile:

Financial and business compliance coach, JeFreda Brown, helps maximize the business potential of small and medium sized businesses, nonprofits, government agencies, colleges, organizations, agencies, and self-employed individuals. Currently the CEO of Goshen Business Group, LLC, her areas of expertise include tax planning, budget preparation, DCAA audit consulting, government contract accounting system and internal controls compliance consulting, pricing proposal development, financial management, payroll compliance, business development/management consulting, professional development training, train the trainer services, business planning, grant writing, 501(c)(3) preparation, and more.

With over 16 years of business experience in areas such as accounting, finance, real estate, taxes, federal auditing (DOD), low income housing tax credits, project and compliance management, contract administration, human resources, and teaching, she is a former senior auditor with DCAA. Ms. Brown is one of America’s premiere financial and business compliance coaches. She earned her BS degree in math from Mississippi State University with a minor in Spanish. She also has an MBA in finance from Mississippi College.

Ms. Brown has been featured in numerous print and online articles for various industry websites, blogs, and magazines including US News, YFS Magazine, Daily Worth, and Intuit Small Business Blog. She has also been interviewed on Bloomberg Radio and The Ambitious Entrepreneur Show. She is the author of the eBook, 12 Reasons You Need an Accountant for Your Small Business, available on Amazon. She is also an Online Adjunct Professor with Indiana Wesleyan University in the DeVoe Business School. She was appointed to Women Impacting Public Policy (WIPP)'s Leadership Advisory Council in 2015.

Topic Background:

The US federal government is the largest buyer of goods and services across the world. They make purchases through the federal procurement process, which is through government contracts. However, before attempting to do business with the government, organizations need to have strong knowledge of the regulations (rules and laws) that govern how the government makes its purchases. The main set of federal regulations that organizations should know is the Federal Acquisition Regulation (FAR). FAR is what all of the federal executive agencies comply with in the acquisition of products and services. FAR ensures that these agencies have a standard way of purchasing products and services and that it is done fairly. FAR also helps organizations that do business with the government understand what they need to do in order to bid on contracts and manage contracts after winning them. Basically, it also explains the responsibilities of the organizations that want to or already do business with the government. There are 53 parts of the FAR.

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