Navigating U.S. Government Contracts: Cost Accounting, Compliance & DC
Live Webcast Replay

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


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

Average Rating:
  4.3   (0 comments)
Category:
Accounting and Auditing |  ACPEN Industry Institute
Faculty :
Paul H. Calabrese
Course Levels:
Basic
Duration:
8 Hours
License:
Access for 30 day(s) after program date.

Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.

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

Faculty

Paul H. Calabrese Related seminars and products: 5


Mr. Calabrese is currently a senior manager in the certified public accounting firm of Rubino & Company providing accounting and consulting services to the Firm’s government contracting and nonprofit grant clients. Mr. Calabrese has considerable experience with the Cost Accounting Standards (CAS) and CAS disclosure statements, Federal Acquisition Regulation Cost Principles (FAR), Department of Defense FAR Supplement, and the Uniform Guidance for Federal grants and cooperative agreements.


Mr. Calabrese has supported government contractors relating to the Defense Contracting Audit Agency (DCAA) auditors. Mr. Calabrese is in the unique position to have DCAA audit, compliance, government contract cost accounting experience with FAR, CAS and DFARS in the government sector as a DCAA auditor, in the private sector as a Controller of a government contractor and in the public sector as a senior manager in a public accounting firm’s government consulting group. Mr. Calabrese has over 30 years of professional experience. He has 20 years experience at a public accounting firm in their government contract consulting group, 13 years with three government contractors and 5 years with two DOD audit agencies and particularly as a DCAA auditor.


Mr. Calabrese has supported all facets of a liaison relationship with DCAA on such matters as incurred cost submissions, indirect rate development, prepared several incurred submissions using the DCAA ICE template, advance agreements, forward pricing reviews, proposals, defective pricing, billing systems, contract close-outs, compensation, Cost Accounting Standards issues and CAS Disclosure Statements. He has negotiated with resident and regional DCAA auditors, DCMAO personnel, ACOs and PCOs, and has also worked on litigation support: quantums for REA’s and TFC’s. Mr. Calabrese began his career as an internal auditor with the Air Force Audit Agency, following which he was a senior auditor for DCAA.


Mr. Calabrese regularly speaks at the Institute of Management Accountants, the Greater Washington Society of CPAs and the Maryland Association of CPAs.


 


Dates

Fri, Sep 21, 2018 - 09:00a to 05:00p EDT
Mon, Oct 08, 2018 - 09:00a to 05:00p EDT
Mon, Oct 29, 2018 - 11:00a to 07:00p EDT
Wed, Nov 07, 2018 - 05:00p to Thu, Nov 08, 2018 - 01:00a EST
Thu, Nov 15, 2018 - 10:00a to 06:00p EST
Tue, Dec 04, 2018 - 09:00a to 05:00p EST
Wed, Dec 19, 2018 - 09:00a to 05:00p EST

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:     4.3

Total Reviews: 15

Please wait ...

Back to Top