Skip to main content
 This program is not active.
Live Webcast Replay

Navigating U.S. Government Contracts: Cost Accounting, Compliance & DCAA


Total Credits: 8 including 8 Accounting (Governmental) - Technical

Average Rating:
   104
Categories:
Accounting and Auditing |  ACPEN Industry Institute
Speaker:
Paul H. Calabrese
Course Levels:
Basic
Duration:
8 Hours
License:

Dates


Description

U.S. Government contracting is a niche industry that involves unique regulatory requirements in the accounting field.  The two most common areas that every government contractor that has cost reimbursable contracts is the requirement to prepare an annual Incurred Cost Submission (ICS) and preparing cost or price proposals that include projected indirect rates.  Lastly, this all-day session will be round out with an overview of the Cost Accounting Standards (CAS) and a presentation on hot topics including issues with the Defense Contract Audit Agency (DCAA) who typically audit government contractors.

Basic Course Information

Learning Objectives

*Develop the skill of preparing an Incurred Cost Submission (ICS) using DCAA's ICE template.

*Learn how to prepare a cost or price proposal based on FAR Part 15 requirements.

*Understand how estimating systems, cost or price proposal preparation and the potential for defective pricing are interrelated.

*Explain what is "defective pricing" and how it can increase the risk of non-compliance.

*Learn about an adequate estimating system.

*Discuss hot topics and DCAA matters.

*Obtain a greater understanding of the Cost Accounting Standards (CAS).


Major Subjects

*DCAA current initiatives

*Hot topics such as the 2018 NDAA permitting commercial firms to perform incurred cost audits

*Cost Accounting Standards

* Preparing the annual Incurred Cost Submission using the DCAA ICE template

* Preparing cost or pricing proposals

* DFARS compliant estimating systems

*Defective Pricing


Course Materials

Speaker

Paul H. Calabrese's Profile

Paul H. Calabrese Related Seminars and Products

Principal, Outsourced Accounting & Advisory Services

Gelman, Rosenberg & Freedman


Mr. Calabrese has hands-on experience with the Uniform Guidance for Federal grants recipients: nonprofits, universities, hospitals, and state/local/tribal units of governments. His skill-set involves: grant cost accounting, sub-recipient monitoring, preparation of over (100) indirect rates / NICRA for several Federal agencies, developed policies and procedures, medical management systems invoicing to state Medicaid agencies and toolkit for unit cost rates for Ryan White HIV AIDS HRSA awards. Paul has developed grant and financial statement dashboards. He has performed out-sourced CFO duties, annual budgets, cash flow projections, grant draws and budget monitoring.

 


Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For Accountants at all levels that work for a government contractor to include contract administrators, pricing and project personnel; government personnel working for defense or civilian agencies in audit, inspector general, contracts, pricing and programs; and public accounting firms that are involved in financial statement audits and prepare taxes for government contractors as well as in consulting, or sole practitioners involved in consulting.
Original Recording Date 10/24/2017
Yellow Book No
Course Developer Paul Calabrese and Steven Shamlian
Date Added to Catalog 08/17/2017

Additional Information

Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement

Business Professionals' Network, Inc. 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


Instructional Delivery Method Group Internet Based
Course Registration Requirements Online Registration
Refund/Cancellation Policy Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.

Promo Video

Reviews

5
4
3
2
1

Overall:      4.4

Total Reviews: 104

Comments

Emily J

"Very informative Presentation"

Derset W

"The excel presentation was very helpful."

Debbie N

"Mr. Calabrese has excellent knowledge of govt contracting & auditing requirements. "

Elizabeth M

"Great presentation!"

Tina E

" "

Rokhvand A

" "

Pauline F

"Great topic, well presented for a complex subject"

Lowell C - Tallahassee, Florida

"Good Job!"

Angela F

"This was a very good course and I learned about some updates that I was unaware of. I would like to see more classes on this type of material. "

Katrina F

"As someone with little experience with the topics covered in this course, I really appreciate the level of detail that was presented. Going through the ICE spreadsheet and proposal spreadsheets in detail was very helpful to better understand this topic."