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Cost Accounting Standards
“Charles was
very professional and kept the participants engaged, he did an excellent
job of taking a lot of information and simplifying it through examples.”
– Previous attendee
April 30 - May 2,
2007
Government*Horizons Training Center
4301 Wilson Boulevard, Suite 1003 (10th Floor)
Arlington, VA 22203
EXPANDED!
Government*Horizons has added a 3rd day to our highly-rated
CAS training to give you more in-depth coverage of the standards,
cost principles, allowable/unallowable costs, and new interpretations
of what constitutes an accounting “change”. Don’t miss this important,
updated workshop!
Registration: 8:30 AM (Day One Only)
Program Starts: 9:00 AM
Wrap-up: 4:00 PM
This workshop is recommended for
24 Continuous Learning Points (CLPs) toward DAWIA/FAC-C requirements.
A Government*Horizons "Certificate of Completion" will be
provided to all attendees upon conclusion of the workshop.
For information
on fulfilling core, elective and continuous learning requirements,
visit:
http://www.whitehouse.gov/omb/procurement/policy_letters/05-01_041505.html
About This
Workshop
Public Law 100-679 (41 U.S.C. 422)
requires certain contractors and subcontractors to comply with Cost
Accounting Standards (CAS). Some contracts and subcontracts which
are exempt from CAS include sealed bid contracts, contracts and subcontracts
with small businesses, and more. While small businesses are exempt
from all provisions of CAS, government representatives often try to
incorporate the provisions of CAS into the contracts with small business
contractors. Understanding the exact requirements for your business
and contract type will save valuable time and resources.
Full CAS coverage requires a contractor to comply with all 19 of the
Cost Accounting Standards that are in effect on the date of the contract
award. Even contractors who are currently subject to only modified
CAS coverage should understand all requirements, as the value of certain
contracts or the accumulated value of several contracts can trigger
full coverage. All contracts that contain the CAS clause, FAR 52.230-2
Cost Accounting Standards, require specific tracking and accounting
procedures.
The Cost Accounting Workshop will help attendees understand
the rules and regulations of the CAS and allow them to routinely monitor
themselves against the CAS criteria presented. Attendees will strengthen
CFO-recommended core competencies for financial managers, including
increasing program effectiveness; understanding financial, budget
and management issues; and decreasing/maintaining unit costs.
Learning Objectives
- Cost Accounting Systems: The Internal
Cost Structure
- CAS Disclosure Statements
- Standards covering Cost Accounting
Practices
- Standards covering Compensation of
Personnel
- Standards covering Tangible Assets
and Capital
- Standards covering Home Office, G&A,
Overhead and IR&D
Continuing Education
Recommended for 24 continuous learning points (CLPs) to maintain DAWIA/FAC-C
certification.
NOTICE:
All auditors performing at least 20% of their work under the Generally
Accepted Government Accounting Standards (GAGAS) must obtain
at least 24 hours of CPE directly related to government contracting
per year. Government Horizons’ CAS workshop fulfills 16 hours
towards this requirement.
Attendees will be issued
a Government*Horizons Certificate of Completion for 24 learning hours
in the field of Government Contract Financial Management/Cost Accounting.
A new government
report recommends contract training to achieve better federal contracting
results.
Click
here to download the Managing the Government’s Technical Experts
to Achieve Positive Contract Outcomes report by the U.S. Merit Systems
Protection Board dated December 2005.
Who
Should Attend
- Contract Administrators
- Auditors
- Financial managers
- CFOs
- Accounts receivable managers
- Contract compliance officers
- Contracting Officers/ACOs
- Treasurers
- Controllers
Previous Attendees Include:
- ADC Acquisition Company, VP-Treasurer
- DRS Mobile Environmental Systems, Controller
- GTSI, CFO
- Institute for Genomic Research, Sponsored Projects
Accounting Manager
- J. Craig Venter Institute, Controller
- L-3, Finance Manager
- Morgan Franklin, Vice President
- National Institute on Aging, Administrative Officer
- NSF, Audit Manager
- OPNET Technologies, Inc., Manager, Government Accounting
- Overwatch Systems of Virginia, Inc., Assistant
Controller
- Sandia National Laboratories, Senior Member Lab
Staff
- US Mint at Denver, Deputy Plant Manager
- Vanguard Contractors, Accounting Manager
What Previous Students Said in their Evaluations...
“Mr. Wilkins has thorough, excellent knowledge of the subject and
a pleasant, engaging presentation style.”
“Course was outstanding. Material was presented in a precise and clear
manner. Great insight.”
“His delivery was easy to understand regardless of prior knowledge
of the subject.”
“Charles was very professional and kept the participants engaged,
he did an excellent job of taking a lot of information and simplifying
it through examples.”
Course
Syllabus
Day
One:
| 8:30
- 9:00am |
Registration
and Continental Breakfast (coffee and pastries) |
|
9:00 - 12:00pm |
Introduction
and Background
- History
- Rulemaking
- CAS Coverage
- Price
Adjustments
- Allocability
& Allowability
Cost Accounting
System
|
| 12:00pm
- 1:00 |
Lunch
on Your Own |
| 1:00
- 4:00pm |
|
| 4:00pm |
Day
One Wrap Up |
Day Two
| 8:30
- 9:00am |
Coffee and Pastries |
|
9:00 - 12:00pm |
Review Day 1 lessons
CAS Disclosure Statement
-
Consistency
Standards - 401, 402 and 406
-
Compensation Standards – 408, 412, 413
and 415
|
| 12:00pm
- 1:00 |
Lunch
on Your Own |
| 1:00
- 4:00pm |
-
Tangible Assets and Capital Standards –
404, 407, 409, 411, 414, 416 and 417
-
Home Office, G&A, Overhead and IR&D
Standards – 403, 410, 418, 420
|
| 4:00pm
|
Day Two Wrap Up |
Day Three
| 8:30
- 9:00am |
Coffee
and Pastries |
|
9:00 - 12:00pm |
Review Day 2 lessons
Cost Accounting Changes
|
| 12:00
- 1:00pm |
Lunch
on your own |
| 1:00
- 4:00pm |
FAR Part 31—Allowable and Unallowable Costs
More Strategies for CAS Administration
Course Wrap Up and Q&A |
| 4:00pm
|
Workshop Wrap Up |
About
Your Instructor
Charles Wilkins
Mr. Wilkins
is a Senior Managing Director in FTI’s Forensic and Litigation Services
practice in Washington, DC. Mr. Wilkins has more than 35 years
of experience involving public contracts from both inside the aerospace
and defense industry and as professional advisor. He has been
engaged to provide consultation and his professional opinion in commercial
litigation matters as well.
Contact
Us
- For registration information, please email
Katie Smith or call (703) 807-2758
- For general information about this workshop, please contact Abbie
Hickman, (703) 807-2753
Registration Fee
- Government attendees: $995 per person
Small Business (<100 employees): $1,095 per person
Industry: $1,195 per person
Registration Options
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