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Federal Contractor Services Network Announces Summer Training Schedule for Government Contractors

FCSN Annonunces Multiple Dates for its Popular Accounting Courses for Government Contractors

Kearneysville, WV (April 7, 2008) – The Federal Contractor Services Network (FCSN), the leading developer and provider of Contract Cost Accounting and QuickBooks training for federal contractors, today announced the schedule of training courses for the summer months in the Washington, D.C. area.

FCSN will hold its popular seminar Fundamentals of Federal Contract Cost Accounting in half-day events 4 times from May through August. The Fundamentals of Federal Contract Cost Accounting course contains essential information on the fundamental cost accounting principles imposed on commercial organizations by the Federal Acquisition Regulation (FAR) Part 31. Participants will through examples of how a DCAA compliant accounting system should be set up. This seminar will be held on May 12th, June 17th, July 22nd, and August 19th.

FCSN will also hold the QuickBooks for Government Contractors workshop following the Fundamentals of Federal Contract Cost Accounting seminar from May to August. This two and a half day workshop assists contractors in the actual set up of a DCAA compliant accounting system using QuickBooks. Attendees will organize the company chart of accounts to segregate direct costs from indirect costs, organize indirect costs into cost pools, and segregate unallowable costs. They will set up the company's jobs in QuickBooks, payroll items to properly distribute labor to intermediate and final cost objectives, and service items so that categories of billable direct labor can be tracked. They will see how indirect rates can be calculated and indirect costs can be allocated to contracts using tools like ICAT. There will also be user group discussions so attendees can share their experiences and ideas. Attendees will get one on one assistance and will leave with a DCAA compliant accounting system.

The seminars and workshops will take place at the ASCE Bechtel Conference Center (http://www.asce-bechtel-center.org/contact/directions.cfm) in Reston, Virginia, conveniently located near Dulles Airport. For more details or to register for these events, visit www.fcservicesnetwork.com.

About Federal Contractor Services Network

Established in 2003, the Federal Contractor Services Network (FCSN) combines industry knowledge and expertise to create innovative products and services designed to improve financial accounting and contract management for businesses engaged in federal contracts. Clients rely on FCSN to help them meet federal contracting accounting regulations, manage and report contract cost data, and minimize costs associated with administering federal contracts.

The company's ICAT™ software includes a comprehensive library of reports and tools that simplify accounting procedures and reporting for federal contractors. ICAT™ is a Windows-based product that integrates with QuickBooks. For more information, visit www.fcservicesnetwork.com.

Federal Contractor Services Network

John McGrath
Chief Operating Officer
(304) 728-4881
jmcgrath@fcservicesnetwork.com