Overview

This FREE webinar will provide attendees with an overview of how key Finance and Accounting data and configuration decisions in Costpoint are influenced by Manufacturing requirements and how those decisions can affect Manufacturing in return. The session will focus on the relationship between these functional areas and why early coordination is important to establish aligned data structures, accounting processes, inventory requirements, and system configuration. Attendees will also gain insight into how ongoing coordination supports accurate transaction processing, reliable financial reporting, and effective manufacturing operations.

Learning Objectives

At the completion of this one-hour webinar, participants will be able to:

  • Identify key Finance and Accounting data elements that are affected by Manufacturing requirements and configuration decisions.
  • Explain how Manufacturing design considerations must be coordinated with Finance and Accounting during Costpoint implementation and configuration.
  • Recognize cross-functional dependencies between Manufacturing and Finance and Accounting that can affect Costpoint configuration and business processes.
  • Distinguish between the General Ledger and the Inventory Ledger and explain how each supports financial and manufacturing processes within Costpoint.
  • Describe how ongoing coordination between Manufacturing and Finance and Accounting supports accurate transaction processing, reliable reporting, and effective manufacturing operations.

Program Content

During the webinar, our faculty will discuss the following topics:
  • Finance and Accounting data elements, including chart of accounts, work breakdown structures, Project Account Groups, and revenue recognition
  • Manufacturing requirements affecting Finance and Accounting configuration
  • Cross-functional dependencies in Costpoint
  • General Ledger and Inventory Ledger concepts
  • Ongoing Manufacturing and Accounting coordination in Costpoint

About Redstone GCI

RGCI enables contractors doing business with the U.S. government to comply with the complex and challenging procurement regulatory provisions and contract requirements by providing superior cost, pricing, accounting, and contracts administration consulting expertise to clients expeditiously, efficiently, and within customer expectations. Our consulting expertise and experience is unparalleled in understanding unique challenges of government contractors, our operating procedures are crafted and monitored to ensure rock-solid compliance, and our company’s charter and implementing policies are designed to continuously meet needs of clients while fostering a long-term partnership with each client through pro-active communication with our clients.

For more information, contact:

training@RedstoneGCI.com
256-704-9811

Redstone Government Consulting, Inc.
501 Madison Street SE, Suite 100
Huntsville, AL  35801
Website: www.redstonegci.com