Obtaining an Adequate ("Approved") Accounting System
- date: 05/26/22
- time: 10:00 AM - 11:00 AM
- location: Virtual • maps
- contact: Daniel Kuchar - Nebraska Business Development Center • 402.554.6270 • dckuchar@unomaha.edu
- search keywords:
- accounting system
- FAR
- SF 1408
Many government contracts and grants require an "adequate" or "approved" accounting system. More than a Federal Acquisition Regulation (FAR) requirement for certain contract types, an adequate accounting system helps you understand your costs, and positions you for financial success. Come learn the essential components of an accounting system and best practices for passing the SF 1408 Pre-Award Survey of Prospective Contractor Accounting System.
Learning Objectives:
- Recognize the need for an adequate or approved accounting system
- List the criteria for an adequate accounting system
- Describe the components of an accounting system
- Explain some best practices for successfully passing the survey/audit