On-Demand Webinar: The Why and How of Managing Government Property for the Defense Contractor
BDO and A2B Tracking hosted a joint webinar session on August 20th – Watch the recording now
Download this session to learn best practices for GovCon organizations that need to manage government property and comply with FAR 52.245-1.
Proper management of Government property is a critical aspect of Federal contracts subject to FAR 52.245-1, Government Property. As part of the Defense Department’s broader accountability initiative, FIAR (Financial Improvement and Audit Readiness) launched in 2010—has underscored the importance of accurate property tracking and reporting. FIAR’s stated goal is to improve the Department’s financial and business management operations, allowing it to successfully produce “auditable” financial statements.
To support this effort, the DCMA Guidebook for Government Contract Property Administration provides a process summary to DCMA personnel for consistent oversight of contractor property management systems. Using the DCMA Guidebook as a reference point, we will discuss the 22 key elements of a Property Management System Analysis (PMSA) and explore the particular elements that apply to Contractors that manage government property.
You will learn:
- An overview of the FIAR initiative and an update on the latest audit results
- A summary of the Property Management System Analysis (PMSA) process
- The importance of asset data
- The benefits of automated processes for Government Contracting
- Role of modern technology in today’s Property Management
This session brought together BDO’s Government Property expert Kenzie Davis and A2B Tracking’s CEO, Peter Collins. Download now and watch when time allows. This was a great conversation packed with lots of information to help your organization improve the reliability of your property audit outcomes. Watch now!
