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:
  4.2   (0 comments)
Accounting and Auditing |  ACPEN Industry Institute
Paul H. Calabrese
Course Levels:
8 Hours
Access for 30 day(s) after program date.


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


Paul H. Calabrese Related seminars and products: 4

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.



Tue, Dec 04, 2018 - 09:00a to 05:00p EST
Wed, Dec 19, 2018 - 09:00a to 05:00p EST
Thu, Jan 17, 2019 - 10:00a to 06:00p EST
Mon, Feb 18, 2019 - 11:00a to 07:00p EST
Fri, Mar 15, 2019 - 02:00p to 10:00p EDT
Wed, Apr 03, 2019 - 10:00a to 06:00p EDT
Thu, Apr 25, 2019 - 04:00p to Fri, Apr 26, 2019 - 12:00a EDT
Tue, May 14, 2019 - 09:00a to 05:00p EDT
Tue, Jun 04, 2019 - 11:00a to 07:00p EDT
Thu, Jun 27, 2019 - 09:00a to 05:00p EDT
Wed, Jul 17, 2019 - 09:00a to 05:00p EDT
Tue, Aug 06, 2019 - 09:00a to 05:00p EDT
Thu, Aug 29, 2019 - 04:00p to Fri, Aug 30, 2019 - 12:00a EDT
Thu, Sep 19, 2019 - 09:00a to 05:00p EDT
Fri, Oct 18, 2019 - 12:00p to 08:00p EDT
Tue, Oct 29, 2019 - 09:00a to 05:00p EDT
Mon, Nov 18, 2019 - 10:00a to 06:00p EST
Thu, Dec 12, 2019 - 11:00a to 07:00p EST
Thu, Dec 26, 2019 - 10:00a to 06:00p 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., (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:

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 if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.

Promo Video



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