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Government Contractors Roundtable Discussion: Understanding DCAA’s MRD – How Do Credits Impact Contracts with PPP Loans?

Description

As a result of the CARES Act, contractors that receive forgiveness for Payroll Protection Program (PPP) loans will treat the proceeds differently for cost reimbursable (CPFF) contracts, versus firm fixed price, T&M and commercial contracts.  We will discuss portions of DCAA’s MRD FAQ on the application of credits in different scenarios.

Speakers:

Steven L. Shamlian, President, Government Contract Compliance Management, LLC

Paul H. Calabrese, Principal, Outsourced Accounting & Advisory Services, GRF

 

Learning Objectives
  • Understanding the purpose and use of FAR Part 31 credits
  • Obtaining information on DCAA’s position regarding PPP loan proceeds
  • Learning when to apply credits to PPP loan proceeds
Major Topics
  • FAR Part 31.201-5 on credits
  • Forgiven PPP loan proceeds
  • Application of credits to different types of contracts
Provider
Maryland Association of CPAs
Course Level
Intermediate
Professional Area of Focus
Government
CPE Field of Study
Accounting (Governmental)
1
Who Should Attend

Financial, tax, and accounting professionals who work with government contracts

Prerequisites

None

Advanced Preparation

None

Location
LIVE- ONLINE WEBCAST
Event Information
When
Mar 16, 2021
9:00 am - 10:00 am EDT
Location
LIVE- ONLINE WEBCAST
Total CPE Credits
1
Format
Live Webcast

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Government Contractors Roundtable Discussion: Understanding DCAA’s MRD – How Do Credits Impact Contracts with PPP Loans?


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