Labor is the number one expense of most companies and the largest expense to the government when purchasing supplies and services. This is why timekeeping is so important for an organization. Accurately capturing and reporting all time worked and the assignment of that time to intermediate or final cost objectives, is critical when translating hours from timekeeping into dollars (i.e., labor distribution) for detailed financial analysis. Timekeeping and labor distribution are two separate, but related, requirements of the SF 1408 Pre-award Accounting System Survey and labor is always scrutinized as part of any proposal or audit. This webinar will cover the components of a timekeeping system, methods for total time accounting, as well as the in's and out's of labor distribution, it's effects on financial reporting and viable timekeeping solutions.
- Recognize key components of a timekeeping system.
- Identify an appropriate method for total time accounting.
- Understand labor distribution.
- Recognize the effect of labor distribution on financial reporting and indirect rates.
- Identify timekeeping solutions.
- Basic understanding of governmental contract accounting.
Who Should Attend
Accounting and financial professionals (and their CPAs) who work or bid on government contracts.
- Government Contracts and & Accounting Expert
- Left Brain Professionals
Award-winning speaker Robert E. Jones shows audiences how to navigate the constantly changing legal and regulatory landscape of government contracts. In his engaging and highly rated presentations, he shares insider secrets drawn from 15 years of DoD contract and accounting experience. His proactive, decisive approach to finding opportunities and solving problems is based on experience in managing more than $400 million in federal contracts.
Mr. Jones has experience with a wide variety of speaking engagements including emcee/moderator, seminars, training, chapter meetings, and conference presentations. He engages audiences with innovative approaches to contract profitability, accounting, compliance and related topics.
The Wes... Read more
Encoursa 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: NASBAregistry.org.
Date & Time
Tuesday, September 22, 2020
1:00 PM EDT (see additional timezones)
Webinars: CPE certificates will be accessible through your dashboard 1 hour after a webinar concludes.
Self-Study: CPE certificates will be accessible through your dashboard immediately after passing the qualified assessment.
For specific instructions on accessing your CPE, please see our FAQ section on our support page.
- Multiple Attendees on Webinars: Each attendee should register separately for the webinar. If more than 1 attendee participated from the same device, please contact us after the event to let us know. For group signups for paid events, please contact us.