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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 18-19, 2015
Executive Conference & Training Center
Sterling, VA
$1120
November 17-18, 2015
Norris Conference Centers - Fort Worth / Sundance
Fort Worth, TX
$1120
DAILY SCHEDULE
8:00 AM - 3:00 PM
Schedule for La Jolla, CA and Hilton Head, SC
9:00 AM - 4:00 PM
Schedule for All Other Locations

1. Regulatory Environment

a.    Characteristics of the Federal Marketplace

b.    The Acquisition Lifecycle

c.    The Regulatory Environment

d.    Relevant Statutes

2.    Procurement Overview

a.    Methods of Award

b.    Contract Types

c.    Accounting Implications of Various Contract Types

d.    Commercial Item Acquisition

e.    Federal Supply Schedule Contracts

3.    Cost Allowability

a.    Definition of Allowable

b.    Reasonableness

c.    Allowability vs. Allocability

d.    Advance Agreements

e.    Credits

f.     Expressly Unallowable Costs

g.    Selected FAR Part 31 Contract Cost Principles

4.    Cost Accounting Standards

a.    Applicability

b.    Types of Coverage

c.    Disclosure Statement Requirements

d.    Changes to Cost Accounting Practices

e.    Cost Accounting Standards - Basic Standards

f.     Cost Accounting Standards – Allocation Standards

5.    Cost Accounting Systems

a.    Purposes of Cost Accounting System

b.    Direct vs. Indirect Costs

c.    Job Order vs. Process Costing

d.    Actual vs. Standard Cost

e.    Accounting for Indirect Costs

f.     Refining Cost Systems

6.    Contract Pricing

a.    Truth-in-Negotiation Act

b.    Cost or Pricing Data

c.    Subcontractor Considerations

d.    Certification Requirements

e.    Cost Proposal Requirements

f.     Contract Estimating Systems

g.    Profit Analysis


 

 

7.    Contract Accounting and Administration

a.    Lifecycle of Indirect Rates

b.    Forward Pricing Rates

c.    Provisional Billing Rates

d.    Final Rate Submissions

e.    Representations and Certifications

f.     Other Items

8.    Contract Changes

a.    Change Orders: Overview and Background

b.    Types of Change Orders and Associated Claims

c.    Pricing Methodologies

d.    Change Order Accounting

e.    Profit and Interest

9.    Surviving Government Audits

a.    Government Audit Rights

b.    Government Auditors and Their Missions

c.    The Audit Process

d.    Dealing with Government Auditors

e.    Resolving Audit Disputes

Deborah E. Nixon
Consultant, Crosshair Advisors

In a career that has spanned four decades, there is little that Deborah Nixon has not seen. As a nationally recognized expert advising on strategic positioning and risk mitigation, she enables executives and their attorneys’ decision-making to achieve Government contracting objectives. As a consultant, executive, teacher and mentor, she has honed her skills and applied an exceptional depth and breadth of knowledge of the statutes, regulations and business practices governing organizations contracting with the Federal Government. Her experience, insight and passion have made her a sought-after speaker and advisor for those charged with navigating complex Government contracting challenges. With over 30,000 hours consulting with more than 500 clients – Deborah is committed to helping Government contractors thrive in this heavily regulated market space. 

Deborah’s professional services extend to Cost Accounting Standards; Contractor business systems and related internal controls; Contract pricing including commercial pricing and Federal Supply Schedule (FSS) contracts; Indirect cost rates throughout the contract lifecycle; External and internal restructurings including merger, acquisition and integration activities; Requests for equitable adjustments and contract claims including termination settlement proposals; Regulatory reserve analysis and Litigation support including providing expert witness testimony and preparing cost analysis before Government administrative boards, court of claims and arbitration proceedings in addition to internal investigations and disclosure efforts.

Prior to founding Crosshair Advisors, a national woman-owned boutique consultancy dedicated to helping companies and attorneys navigate complex US Government contracting regulations, Deborah was a Partner with Ernst & Young’s Government Contract Services practice where she retired after almost 25 years of service. Before becoming a consultant, she held management positions with both large and emerging growth Government contractors.

Presenting for industry and client forums in the U.S. and abroad for organizations including Federal Publications Seminars, American Conference Institute and Marcus Evans Group, Deborah is a thought leader shaping industry perspective in publications and sharing keen insights through her blog, website and other forums. She has appeared on television shows such as Government Contracting Weekly and the Washington Business Report discussing Government contracting issues.

Deborah is a licensed CPA in the District of Columbia and Virginia. She earned her B.S. in Finance and Economics and completed graduate accounting course work. 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 was a member of the Board of Governors.

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.
CPE HOURS
This Program is eligible for: 13.0 (CPE) hours of credit
Program Level: Basic
Program Prerequisite: None
Advance Preparation: None
Method: Group-Live
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.
CLP HOURS
This Program is eligible for: 11.0 (CLP) hours of credit
CLE: CONTINUING LEGAL EDUCATION
States have widely varying regulations regarding MCLE credit. 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.
CLE HOURS
This Program is eligible for: 11.0 (60 minutes), 13.0 (50 minutes)
Executive Conference & Training Center
22685 Holiday Park Drive
Suite 60
Sterling, VA 20166
RESERVATIONS AT GROUP RATE
Guest rooms are available at the Hampton Inn and Suites Dulles (22700 Holiday Park Drive), located across the street from the meeting venue.  Please call the hotel at 703-537-7800 and specify that you are part of "Federal Publications" to receive the special group rate of $129/night.  

Rooms are limited and subject to availability, so please book early.  Reservations must be made three weeks prior to the meeting start date.

Full Meal Service: Continental Breakfast, Breaks, Lunch Included
TRAVEL INFORMATION
Guest rooms are available at the Hampton Inn and Suites Dulles (22700 Holiday Park Drive), located across the street from the meeting venue.  Please call the hotel at 703-537-7800 and specify that you are part of "Federal Publications" to receive the special group rate of $129/night.  

Rooms are limited and subject to availability, so please book early.  Reservations must be made three weeks prior to the meeting start date.

Full Meal Service: Continental Breakfast, Breaks, Lunch Included
Norris Conference Centers - Fort Worth / Sundance
304 Houston Street
Fort Worth, TX 76102
8172892400
TRAVEL INFORMATION
Note concerning food & beverage service: 
There will be coffee, tea, and water only; no breakfast or lunch. Cookies will be served in the afternoon. There are several restaurants nearby. 

Note concerning accommodations: 
There is not a hotel room block set aside for this location, however, there are several nearby hotels, including:

The Worthington Renaissance Fort Worth
200 Main St
Fort Worth, TX 76102
817-870-1000

Etta's Place
200 W 3rd St
Fort Worth, TX 76102
(817) 255-5760

Embassy Suites Fort Worth - Downtown
600 Commerce St
Fort Worth, TX 76102
(817) 332-6900

Courtyard Fort Worth Downtown/Blackstone
601 Main St
Fort Worth, TX 76102
(817) 885-8700
Register Now for:
Government Contract Accounting
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Date Location
August 18-19, 2015 Sterling, VA
November 17-18, 2015 Fort Worth, TX
By Phone
Call (888) 494-3696