Weekly Email
Schedule
Contact
Cart
Login
Corporate Solutions
Corporations
FPS Corporate Solutions
empower prime and subcontractor organizations to take a more strategic and planned approach to the critical task of government contract compliance training.
Government Agencies
Invest in your agency's success with
FPS Corporate Solutions
government contracts training. We'll equip your team with the essential skills and knowledge to navigate complex regulations.
Small Businesses
FPS Corporate Solutions
for Supply Chain and Small Businesses provides industry-leading training at a low price for SBA 8(a), Native American, VOSB, HubZONE, and International Concerns.
Non-Profits
FPS Corporate Solutions
can package training for contract managers, grants administrators, attorneys, finance and more for research institutions, universities, and state governments.
Products
Events
Spend 1 to 5 days immersed in government contracting topics and networking.
Classroom Courses
Scheduled year-round, these courses offer you a hands-on way to learn.
Virtual Courses
Attend courses live in a virtual classroom providing real-time interaction with instructors.
Webinars
FPS Webinars bring you quality training in an easily digestible 1- 2-hour webinar format.
Certificate Programs
Build expertise in specialized areas - update your professional profile; advance your career.
Custom In-House
Bring training onsite for your team for a completely relevant and focused course experience.
Learning Resources
Connect
A repository of "just-in-time" informal learning resources critical to the government contractor.
How Can We Help?
Find answers to the most commonly asked questions right here.
Learning Paths
Career growth and excellence depend on continuous development. FPS provides learning paths for federal contractors of all levels.
Customer Stories
FPS empowers thousands of customers with high-quality, impactful, and effective learning experiences. Hear what they're saying.
Credentialing
Accreditation
Federal Publications Seminars offers Continuing Legal Education (CLE) credit US states that have mandatory CLE requirements, along with Continuing Professional Education (CPE) / NASBA credit. In addition, we are a provider of CLP credit, required by the Defense Acquisition Workforce.
Digital Badging
Digital badging is a modern way to display your achievements. FPS has partnered with Credly to provide you with a digital version of your credentials. You can earn FPS/Credly Digital Badges for select FPS courses and ALL FPS Certificate programs.
CMBOK
FPS proudly embraces the National Contract Management Association's (NCMA) ANSI Approved Contract Management Standard™ (CMS™) and the Contract Management Body of Knowledge (CMBOK®) as the cornerstone for hiring, career development, and training of contract management professionals.
Company
About Us
FPS offers the highest quality government contracts training in the industry - to help organizations stay current, compliant, and competitive.
Sponsorship
Partner with FPS to expose your brand, industry knowledge, and thought leadership to our government contracting professional communities.
Who We Work With
FPS serves government contractors, government agencies, accounting & consulting firms, non-profits, and more.
Newsroom
News and press releases from around the Federal Publications Seminars world.
Subscribe
Professional
Premium
OnePass
Unlimited access to all webinars, and more
for 1 year.
(12 months from the date of purchase)
Unlimited access to ALL FPS Online content including virtual courses, webinars and more
for 1 year.
(12 months from the date of purchase)
Unlimited access to ALL classroom and virtual courses, events, webinars, certificates and more
for 1 year.
(12 months from the date of purchase)
$895.00
/ year / person
Learn More
Group Quote
$2,195.00
/ year / person
Learn More
Group Quote
$3,195.00
/ year / person
Learn More
Group Quote
Professional
Unlimited access to all webinars, and more
for 1 year.
(12 months from the date of purchase)
$895.00
/ year / person
Learn More
Group Quote
Premium
Unlimited access to ALL FPS Online content including virtual courses, webinars and more
for 1 year.
(12 months from the date of purchase)
$2,195.00
/ year / person
Learn More
Group Quote
OnePass
Unlimited access to ALL classroom and virtual courses, events, webinars, certificates and more
for 1 year.
(12 months from the date of purchase)
$3,195.00
/ year / person
Learn More
Group Quote
Schedule
Contact
Cart
Login
Sign Up For Our Weekly Emails
Get the latest updates on special offers, courses, events, webinars and books from Federal Publications Seminars.
First Name
Last Name
Email
Phone
Title
Organization
Areas of Interest
Accounting, Costs and Pricing
Advanced Topics
Artificial Intelligence
Business Development
Compliance
Construction Contracting
Cybersecurity
FAR
Government Contracting
Grants
Intellectual Property
International Contracting
Personal Development
Small & Medium Businesses
Subcontracting
Sign Up
Thank You
You'll soon be receiving updates about special offers, events, & more.
Get 10% Off Your Next Purchase
Sign Up For Our Emails
Email
Name
Title
Organization
Sign Up
Thank You
You'll soon be receiving updates about special offers, events, & more.
Cart
Home
>
Virtual
>
Browse
>
A Guide to the Materials Management and Accounting...
>
On-Demand Session
A Guide to the Materials Management and Accounting Systems Review (MMAS) Virtual - November 2024 - Session 1
Learn More
Topics
Accounting, Costs and Pricing
Advanced Topics
Artificial Intelligence
Business Development
Compliance
Construction Contracting
Cybersecurity
FAR
Government Contracting
Grants
Intellectual Property
International Contracting
Personal Development
Small & Medium Businesses
Subcontracting
Dates
December 2024
January 2025
February 2025
March 2025
April 2025
May 2025
June 2025
July 2025
August 2025
September 2025
October 2025
Roles
Director of Contracts
New to Government Contracting
Accountant
Sales and Business Development
Contract Administrator
Counsel
Auditor
Subcontract Administrator
Contract Manager
Procurement Officer
CFO
Grants Administrator
Situations
Earn CLE/CPEs
Get Started in Government Contracting
Train My New Hires
Train My Team
Share This
3 hours
This is session 1 of 2 in A Guide to the Materials Management and Accounting Systems Review virtual course.
This virtual course takes a comprehensive look at the Material Management and Accounting System (MMAS) DFARS business system, including its purpose, requirements, typical processes and audit risks. It will help attendees understand how MMAS requirements may apply to their contracts and how to establish and maintain a MMAS as well as how to prepare for a MMAS audit.
Specifically, the course will cover:
The Purpose of the MMAS
MMAS Contract Applicability
Review of MMAS Requirements (i.e., Ten MMAS Standards)
Walkthrough of Typical MMAS Core Processes
How to Prepare for a MMAS Audit
Common MMAS Audit Findings
Throughout the course, real-world practical examples will be used to simplify the concepts around what is often regarded as a complex or mysterious business system. It will also support the attendees in understanding how the MMAS requirements and potential solutions may relate to their specific contracts (e.g., manufacturing, supply, services) as appropriate MMAS processes can differ significantly between contractors. Finally, the course will discuss critical success factors in preparing and supporting a MMAS audit and resolving any adverse findings.
Learning Objectives:
Learn about the purpose and objectives of a MMAS
Understand the applicability of the MMAS requirements to contracts
Obtain an understanding of each of the ten MMAS Standards (i.e., requirements) and critical success factors in achieving compliance
Learn about core MMAS functions and activities with a walkthrough of typical MMAS processes, along with their interfaces and integration
Find out about leading practices in preparing for a MMAS audit
Understand and anticipate DCAA audit procedures and requests
Learn about MMAS audit trends including common adverse findings and deficiency remediation experiences
NOTE: On-Demand Virtual Course sessions are not eligible for CLE/CPE credits.
About Our Experts
Gary McDonald
Managing Director, Great Falls Management Advisors, LLC
Gary McDonald has more than 30 years of experience working in government contracting in the aerospace and defense (A&D), manufacturing, construction and professional services industries. He provided advisory services to clients at two of the Big Four accounting firms for more than 20 years. Gary’s experience includes managing government contracting and compliance operations for a large professional services firm, including proposal development and pricing, contract management, finance and contract compliance and risk management. Additionally, he has more than 12 years of experience in the A&D industry as a flight hardware development engineer and program manager on NASA scientific missions.
Gary has worked extensively in providing practical guidance and assistance to manage and improve his clients’ government contracting compliance and operations. He helps clients comply with Federal Acquisition Regulation (FAR), Cost Accounting Standards (CAS), business system requirements, including the complex Material Management and Accounting System (MMAS), and other government contract regulations and requirements. Gary successfully helps clients mitigate compliance risks, develop competitive rate structures, recover costs and develop or enhance compliance capabilities.
Gary is a leading industry resource in government contractor mergers and acquisitions. He provides sell-side preparation and diligence support, acquisition target contract and compliance risk analysis/due diligence, post-close integration, value capture and contract cost recovery support to his clients, having supported nearly 100 transactions over the last several years.
Lehigh University, Bachelor of Science in Mechanical Engineering
The George Washington University, Master of Business Administration - Finance
In-House
Bring Federal Publications Seminars to your location! If you would like to offer this course in-house, please contact us.
Schedule Training
Schedule Training
Fill out this form and someone from FPS will contact you shortly. You can fill out as much or as little information as you would like. Prefer to talk to us? Call 888.865.9082.
First Name
Last Name
Email
Phone
Title
Organization
Delivery Preferences
In House
Pre-Recorded Online
Live Webinar
Multi-Location
Blended Classroom & Online
Topics of Interest
Accounting, CAS, Costs or Pricing
Business Systems
Capture Planning and Business Development
Construction Contracting
Cybersecurity
Federal Grants
Government Contracting
Intellectual Property in Government Contracting
International Contracting and Export Controls
Subcontracting and Supply Chain Management
Comments
Request a Quote
Thank You
You will be contacted shortly.