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Monterey Bay PTAC is a free, three-hour workshop on June 17 designed to assist businesses in establishing an accounting system that is acceptable by the federal government. The event will take place at the Casa Munras Hotel & Spa, 700 Munras Ave. in Monterey.

Many federal contract awards are contingent upon finding that a contractor’s accounting system is sound. This includes having specific written accounting policies and an accounting system that can perform certain cost, time-keeping, and billing functions. Agencies conduct unique “financial health” audits prior to awarding some contracts.

Workshop topic include:

  • Segregation of costs
  • Unallowable costs
  • Direct/indirect costs
  • Allocation pools
  • Time-keeping requirements
  • Financial capability audits

Speaker’s biography:

Kevin Grimes is a compliance consultant with CFO Leasing, Inc. He has more than 10 years of accounting experience and specializes in defense contract audit agency (DCAA) compliance and accounting system implementations and migrations.

There is no cost to attend this workshop, which runs from 9 a.m. to noon, but advanced reservation is appreciated to ensure the workshop venue will comfortably accommodate the audience.

Call (831) 582-324 or register online at  http://tinyurl.com/nskp7pu