A Guide to the Materials Management and Accounting Systems Review (MMAS)

Overview

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 an MMAS as well as how to prepare for an 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 an 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 an MMAS audit and resolving any adverse findings.

Learning Objectives:

Learn about the purpose and objectives of an 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 an MMAS audit
Understand and anticipate DCAA audit procedures and requests
Learn about MMAS audit trends including common adverse findings and deficiency remediation experiences

Dates/Locations

No upcoming dates/locations at this time

Agenda

8:00 AM - 3:00 PM	Las Vegas Government Contracts Week
9:00 AM - 4:00 PM	Arlington, VA

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...

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Accreditation

See Individual Courses For Available Credits

Certificates of Completion are provided to all seminar participants who attend Federal Publications Seminars courses following the event, upon request.

CPE: Continuing Professional Education

Field of Study: Specialized Knowledge

Delivery Method: Group-Live Classroom

Federal Publications Seminars is affiliated with West Professional Development and is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

For more information regarding administrative policies such as refunds, cancellations and complaints, please contact Federal Publications Seminars at 888.494.3696.

CPE Hours

This program is eligible for: 6.0 (CPE) hours of credit

Program Level: n/a

Program Prerequisite: n/a

Advance Preparation: n/a

Method: 6.0

CLP: Continuous Learning Points

Approved for CLP by Defense Acquisition University

Defense Acquisition Workforce members must acquire 80 Continuous Learning Points (CLP) every two years from the date of entry into the acquisition workforce for as long as the member remains in an acquisition position per DoD Instruction 5000.66. We will provide you with documentation of points awarded for completing the event.

CLP Hours

This program is eligible for: (CLP) hours of credit

CLE: Continuing Legal Education

States have widely varying regulations regarding MCLE credit. LegalEdcenter is an approved provider in AL, AK, AR, CA, GA, IL, ME, MO, MS, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, PA, RI, SC, TN, TX, UT, VA, VI, VT, WA, WI, and WV. Credit may be applied for in other jurisdictions on request and in accordance with state MCLE rules.

Please note that because some states are changing their policy on CLE reporting, you will need to fill out the request for credit from Federal Publications Seminars within 10 business days, or we may not be able to issue credits for the program.

CLE Hours

This program is eligible for: 5.5 (60 minutes), (50 minutes)

Travel

No travel information is available at this time

In-House

Bring Federal Publications Seminars to your location! If you would like to offer this course in-house, please contact us.

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CMBOK Alignments

Leadership

Character

Collaboration

Competence

Emotional Intelligence

Vision

Management

Business Management

Change Management

Financial Management

Project Management

Risk Management

Supply Chain Management

Guiding Principles

Communication and Documentation

Contract Principles

Regulatory Compliance

Situational Assessment

Skills and Roles

Standards of Conduct

Team Dynamics

Pre-Award

Plan Sales

Plan Solicitation

Prepare Offer

Request Offers

Award

Manage Disagreements

Plan Negotiations

Price or Cost Analysis

Select Source

Post-Award

Administer Contract

Close Out Contract

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Manage Changes

Manage Subcontracts

Learn

Continuous Learning

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Organizational Capability