Events

Fundamental Requirements of Cost Accounting Standards Training Event

>>> NOTE: This event has ended.

Speakers


Mr. Michael E. Steen Senior Managing Consultant	Mr. Darryl L. Walker Owner

Course Description

Applicability of the Cost Accounting Standards (CAS) requirements to your contracts and subcontracts generates a higher level of compliance governing your cost accounting practices. Going beyond FAR Part 31 Cost Principles, CAS adds specificity to the manner in which you measure, assign, and allocate costs, and thrusts upon covered contracts potential price adjustments for failing to comply with those provisions.

Our CAS presentation will provide our audience participants a strong understanding of not only the basics of these regulations, but also a discussion of obscure requirements and unique issues that must be understood to mitigate the risk of non-compliance problems. Our training instruction and course materials are designed to enable government contractors to recognize CAS applicability to contracts; understand the administrative provisions that go with CAS compliance; comprehend general requirements of the individual standards; and navigate and resolve specific problem issues and unique concepts that are most often overlooked during the solicitation phase as well as during contract performance.

Topics that will be discussed will include:

Purpose of CAS provisions and interrelationship with Federal Acquisition Regulations
Trigger contract award events that expose a company to CAS coverage
Key definitions, such as “business unit”, “segment”, & “net CAS covered awards”
Criteria for exemptions to CAS coverage
Modified vs. Full CAS coverage
CASB Disclosure Statement requirements, and triggering events
Overview of all 19 CAS standards
Solicitation events and clauses initiating potential CAS coverage upon award
Impact of modifications on existing contracts and subcontracts
Criteria for changes in cost accounting practices
Requirements for “Cost Impact Proposals”
Break in CAS coverage
CAS applicability to joint ventures and foreign entities
CAS applicability to affiliate transactions & interdivisional transfers
Critical components of FAR Part 30 in CAS administration
Government audits and audit issues unique to CAS contracts

Who Should Attend

Course content is designed to educate any government contractor professional involved in the award, management, and tracking process of any government contract or subcontract. Such professionals would include personnel involved in the financial, contracts, procurement, program management, project analysis, and contract cost reporting functions of the company. Course instruction is structured for beginner to intermediate level of knowledge in CAS regulations. Professionals who are new to the CAS regulatory process, as well as those who are experienced in CAS provisions and oversight, will find the course current and informative.

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