Bring any seminar or course directly to your staff through the Federal Publications’ In-House Presentations Program.
There is accounting...and there is Government contract accounting. Government contractors are subject to a wide range of unique accounting regulations, entering into contracts for which negotiation, performance, termination, and more require following specific accounting principles and standards. And, dealing with the Federal Government can be difficult and complex. It is a world apart from commercial business.
Accounting in Government contracting, then, has its own unique and specialized rules, regulations, standards, problems, hurdles. And unless a proper accounting system is in place, then a contractor can be faced with enormous difficulties, not the least of which is lost profits, lost contracts.
For Government contract administrators, executives, lawyers, managers, financial officers, and internal auditors, as well as for accountants who do not necessarily concentrate in this field, the subject is generally mystifying and often carries with it the intimidating sense of the unknown. So there is a significant need for this specially developed program.
Government Contract Accounting's exhaustive scope is set forth in the Course Curriculum below. Its coverage includes not only general accounting concepts as they relate to Government contracting, but the specifics of cost principles, cost accounting standards, accounting for claims, special accounting problems, and profit.
By the conclusion of this program, attendees will have a solid, practical understanding of Government contract accounting, including:
- Government forms and formats for pricing proposals.
- Direct and indirect cost rate submissions.
- Cost principles for allowability.
- Cost allocability and reasonableness under the FAR and CAS.
- Accounting systems requirements.
- The impact of the type of contract on the accounting requirements.
- Billing the Government for work accomplished.
- Dealing with Government auditors.
- ...and more.
Dates and Locations
August 5-6, 2014
Waterview Conference Center at CEB
November 18-19, 2014
Las Vegas, NV
8:00 AM - 3:00 PM
Schedule for Hilton Head
8:00 AM - 3:00 PM
Schedule for La Jolla, CA
9:00 AM - 4:00 PM
Schedule for Dulles, VA
9:00 AM - 4:00 PM
Schedule for Las Vegas
9:00 AM - 4:00 PM
Schedule for Washington DC & Las Vegas
- Regulatory Environment
- Characteristics of the Federal Marketplace
- The Acquisition Cycle
- The Regulatory Environment
- Relevant Statutes
- Procurement Overview
- Methods of Award
- Contract Types
- Accounting Implications for Various Types
- Competitive vs. Non-Competitive Procurement
- Commercial Item Acquisition Rules
- GSA Schedules and Price Guarantees
- Small Business Status
- Cost Accounting Systems
- Purposes of a Cost Accounting System
- Direct vs. Indirect Cost
- Job Order vs. Process Costing
- Actual vs. Standard Cost
- Accounting for Indirect Costs
- Refining Cost Systems
- Activity Based Costing
- Financial Reporting Considerations
- Cost Allowability
- Definition of Allowable
- Allowability vs. Allocability
- Advance Agreements
- Expressly Unallowable Costs
- Material Costs
- Product Engineering Costs
- Compensation for Personal Services
- Uncompensated Overtime
- Other Selected FAR Part 31 Cost Principles
- Cost Accounting Standards
- Types of Coverage
- Disclosure Statement Requirements
- Changes to Cost Accounting Practice
- Cost Accounting Standards
- Cost Estimation and Contract Pricing
- Truth-in-Negotiations Act
- Cost or Pricing Data
- Subcontractor Pricing Considerations
- Certification Requirements
- Cost Proposal Requirements
- Contractor Estimating Systems
- Profit Analysis
- Sample Proposal
- Contract Accounting and Administration
- Lifecycle of Indirect Rates
- Forward Pricing Rate Agreements
- Provisional Billing Rate Agreements
- Incurred Cost Claims
- Representations and Certifications
- Contract Cost/Schedule Reporting (Earned Value Management
- Limitation of Funds/Limitation of Cost Clauses
- Changes, Delays, and Terminations
- Change Orders: Overview and Background
- Types of Change Orders and Associated Claims
- Pricing Methodologies
- Change Order Accounting
- Profit and Interest on Claims
- Termination for Convenience vs. Termination for Default
- Termination Claims
- Surviving Government Audits
- Government Audit Rights
- Government Auditors and Their Missions
- The Audit Process
- Dealing with Government Auditors
- Resolving Audit Disputes
- Special Issues Related to Disallowed Costs
The Course Faculty for the program will consist of individuals from the list below. All are Government contract accounting professionals from the national accounting firm of Ernst & Young LLP.
Deborah Nixon is a partner in Ernst & Young’s Government Contract Services group operating out of the Washington, DC area. With over twenty years of experience as a career dedicated Government contracting professional, she assists clients conducting business with the US Federal Government. Client services encompass litigation support which includes providing expert witness testimony and preparing cost analyses before Government administrative boards, court of claims and arbitration proceedings in addition to internal investigations and voluntary disclosure efforts including multiple award schedule contracts. Deborah is a frequent national presenter and instructor.
Deborah has extensive experience assisting contractors implement business systems for accumulating costs under Government contract accounting requirements. She has assisted contractors resolve system deficiencies and develop indirect cost rate structures. She frequently facilitates contractor’s indirect rate strategy sessions and leads engagements involving indirect rate submissions, contract pricing and accounting systems reviews. Deborah routinely performs Cost Accounting Standards Disclosure Statement reviews, identifying and quantifying changes to cost accounting practices. Her analyses have facilitated Defense Contract Audit Agency acceptance of client cost impact proposals.
Prior to joining Ernst & Young, Deborah held management positions with both large and emerging growth Government contractors. She was responsible for the coordination, preparation and management of cost proposals and the administration of international and domestic contracts, including multiple award schedule contracts.
Deborah earned her B.S. in Finance and Economics from the University of Maryland. She completed graduate accounting course work at the American University. She is a licensed CPA in the District of Columbia and Virginia. She was appointed to Federal Publications Board of Advisors in 2009. She is a past chapter president of the Institute of Management Accountants and a member of the American Bar Association, National Contract Management Association, American Institute of CPAs and Greater Washington Society of CPAs where she has chaired the Government Contracting Council and is a member of the Board of Directors.
Nancy is a Senior Manager in the Government Contract Services practice in the Los Angeles office. Nancy provides advisory and dispute services on issues relating to government contract services including: contract compliance, cost accounting issues, termination settlement proposals, request for equitable adjustment, defective pricing, and solicitation proposals. Nancy’s extensive experience includes years served in public professional services as well as those years served from within selected Industries where she held key financial and contracting positions. Industries served include Aerospace & Defense, Electronic, Engineering and Construction, Biotechnology and Healthcare, specifically for clients receiving government contracts from DOD, NASA, DOE, GSA, VA, and HHS-CMS.
Nancy has provided a variety of services to Clients that included issues related to Indirect Rates, modeling techniques, and the applicable accounting practices; Disclosure Statements; Delay and Disruption claims, Termination Settlement proposals, application of the Federal Acquisition Regulations Cost Principles and Cost Accounting Standards; Federal Supply Schedule voluntary disclosures associated with the Price Reduction Clause, and compliance with the Veterans Administration Health Care Act. Specific areas addressed in these matters included Cost Accounting Standards (CAS) application, audit reviews for compliance with federal regulation cost principles, cost accounting controls and methodology, pricing and estimating techniques, engineering cost impacts, and program risk assessment.
Nancy earned a BS in Business Administration with emphasis in finance, from California State University, Long Beach, and completed post-baccalaureate hours and courses in Government Contract Accounting at University of California at Los Angeles. She is also a Certified Fraud Examiner.
Darl Rhoades is an Executive Director in the Government Contractor Services practice of Ernst & Young, LLP. He has extensive experience advising clients on complex issues dealing with U.S. Federal Government contracting and accounting regulations.
MEET YOUR CONTINUING EDUCATION CREDIT REQUIREMENTS
SEE INDIVIDUAL COURSES FOR AVAILABLE CREDITS
Certificates of Completion are provided to all seminar participants who attend Federal Publications Seminars courses following the event, upon request.
NCMA: CONTRACT MANAGER CERTIFICATION
All Federal Publications Seminars courses meet the course requirements of the National Contract Management Association’s certification programs. We are a proud Education Partner of the NCMA.
CPE: CONTINUING PROFESSIONAL EDUCATION
Federal Publications Seminars is part of West Professional Development, which 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 the 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.learningmarket.org
This Program is eligible for: 13.0 (CPE) hours of credit
Program Level: Basic
Program Prerequisite: None
Advance Preparation: None
CLP: CONTINUOUS LEARNING POINTS
APPROVED FOR CLP BY
DEFENSE ACQUISITION UNIVERSITY
Defense Acquisition Workforce members must acquire 80 Continuous Learning Points (CLP) every two years from the date of entry into the acquisition workforce for as long as the member remains in an acquisition position per DoD Instruction 5000.66. We will provide you with documentation of points awarded for completing the event.
This Program is eligible for: 11.0 (CLP) hours of credit
CLE: CONTINUING LEGAL EDUCATION
States have widely varying regulations regarding MCLE credit. Thomson Reuters LegalEdcenter is an approved provider in AL, AK, AR, CA, GA, IL, ME, MO, MS, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, PA, RI, SC, TN, TX, UT, VA, VI, VT, WA, WI, and WV. Credit may be applied for in other jurisdictions on request and in accordance with state MCLE rules.
This Program is eligible for:
11.0 (60 minutes), 13.0 (50 minutes)
211 E. Flamingo Road
Las Vegas, NV 89169
There are no discounted hotel rates set aside at the Platinum Hotel for Federal Publications Seminars.
Note concerning food & beverage service: There will be coffee, tea, and water only; no breakfast, lunch, or snacks will be served.
Please contact the hotel for best available rate.
Waterview Conference Center at CEB
1919 North Lynn Street
Arlington, VA 22209
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