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You've got to understand something before you can work with it. . .before you can make it work for you...before you can succeed. That idea is what this special course is all about:

Understanding Overhead in Government Contracts

Developed by Federal Publications Seminars, the program is styled (a) for contractors' non-accountant representatives who are involved in the dollar-business of bidding on Government contracts, submitting proposals, planning and monitoring performance, and prosecuting claims; and (b) for Government non-accountant representatives charged with reviewing or contesting the appropriateness of contractors' costs. It's based on the premise that non-accountants generally do not feel comfortable with the concept of overhead, although they do realize that to a large degree (often exclusively) overhead treatment can make or break a venture.

So, as detailed below, the distinguished Course Faculty, supplemented by the exclusive Course Manual, will explain: the nature of overhead vs. direct costs: varieties of overhead; what can/should be included in overhead: composition of overhead pools; allocation/liquidation of overhead; changes in overhead systems; Government requirements and Government audits; maximum recovery techniques; and more. They will, in short, do all they can to assure that you understand overhead so that you can more readily control it...justify it... recover it.

We cannot promise that even after spending two days of intensive study with us you'll think of overhead as something simple or consistently clear to work with. But we are certain that, at the least, this special course will substantially increase your ability to make overhead work for you. We invite you to join us.

Dates and Locations
November 12-13, 2014
Platinum Hotel
Las Vegas, NV
$1180.00
April 28-29, 2015
Waterview Conference Center at CEB
Arlington, VA
$1,205
August 20-21, 2015
Executive Conference & Training Center
Sterling, VA
$1,205
November 10-11, 2015
Marriott Courtyard San Diego
San Diego, CA
$1,205
DAILY SCHEDULE
9:00 AM - 4:00 PM

The Course Curriculum

 

DAY ONE

9am to 4pm 

1. Role of Overhead in Government Contract Costs  and Pricing

2. Accounting for Overhead versus Managing Overhead

3. Government Business Systems

4. Government Business Relationships

DCAA v. DCMA

5. What is Overhead

6. What is an Overhead Rate

7. Audits of Overhead

8. Direct versus Indirect Costs

Definitions

Criteria

CAS 401

Disclosure Statement

CAS 402

9. CAS 403

Home Office

Segment

Homogenous Cost Pool

Service Centers

Allocation Bases

Residual Costs

10. CAS 418

Direct Costs

Homogenous Indirect Cost Pools

Allocation Bases for Overhead

Allocation Bases for Service Centers

Accounting for Variances

DAY TWO

9am to 4pm

1.     Introduction

2.     Contract Clauses Governing Overhead Recovery

3.     Regulations on Billing Rates and Final Indirect Rates

4.     Penalties and Other Policy Initiatives Governing Overhead Recovery

5.     Regulations Governing Overhead in FAR Part 31

The Legal Meaning of Allowability

The Legal Meaning of Reasonableness

 The Legal Meaning of Allocability

6. Introduction to the Cost Accounting Standards

     CAS Applicability

Changes to Accounting Practices

CAS 401

CAS 402

CAS 410

CAS 420

7. Practical Legal Issues in Direct versus Indirect Cost Determinations

Contract Work versus IR&D

Decisional Law Developments through ATK Thiokol

8.     Unabsorbed Overhead (covered if class time allows)

Louis Rosen is the president of Potomac Partners R & M, LLC, and the founder and former national director of Ernst & Young’s Government Contract Services. He is a leading adviser to companies doing business with the government. Prior to joining Ernst & Young, Mr. Rosen served as associate director of the Cost Accounting Standards Board. In this role, he contributed significantly to Cost Accounting Standard 410, “Allocation of Business Unit General and Administrative Expenses to Final Cost Objectives,” Cost Accounting Standard 418, “Allocation of Direct and Indirect Costs,” and the definitions of “Cost Accounting Practice” and “Change to a Cost Accounting Practice.”

 

Mr. Rosen has worked closely with government procurement and audit agencies, industry associations, the accounting profession, and legal counsel. A frequent speaker on government contract issues in forums across the country, he is co-author of a widely used handbook, Government Contract Accounting.

 

James M. Weitzel, Jr.  is Senior Counsel at Northrop Grumman Government Solutions and was formerly in private practice in the Washington, DC law offices of Fried, Frank, Harris, Shriver & Jacobson. Mr. Weitzel concentrates on Government contract matters and is a former contract administrator for the Defense Contract Administration Services and contract negotiator for the Naval Air and Naval Sea Systems Commands.  He lectures and has written widely on Government contract cost and cost accounting issues. Mr. Weitzel received a Bachelor of Arts from Pennsylvania State University; Master of Arts degree from Duquesne University; and a Juris Doctor degree from Catholic University, where he served as an editor of the Law Review. 

 

 

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

Marriott Courtyard San Diego
530 Broadway
San Diego, CA 92101
6194463000
TRAVEL INFORMATION
There is no room block for this event.  Guests may call Marriott Courtyard San Diego directly at 1-800-321-2211 for best available rate.

Note concerning food & beverage service: There will be coffee, tea, and water only; no breakfast or lunch. Cookies will be served in the afternoon.
Platinum Hotel
211 E. Flamingo Road
Las Vegas, NV 89169
TRAVEL INFORMATION

There are no discounted hotel rates set aside at the Platinum Hotel for Federal Publications Seminars. 
Please contact the hotel for best available rate.

Note concerning food & beverage service: There will be coffee, tea, and water only; no breakfast, lunch, or snacks will be served.

Waterview Conference Center at CEB
1919 North Lynn Street
Suite 500
Arlington, VA 22209
5714812200
TRAVEL INFORMATION
No room block. Nearby hotels include:

Hyatt Arlington (0.2 mi SW)
1325 Wilson Blvd, Rosslyn, VA
703-525-1234

Le Meridien Arlington (156 ft. SE)
1121 19th St. N., Arlingotn, VA
703-351-9170

Holiday Inn (0.1 mi W)
1900 North Fort Myer Drive, Arlington, VA
703-807-2000

Marriott Key Bridge (0.2 mi NW)
1401 Lee Highway, Arlington, VA
703-243-1093
Register Now for:
Understanding Overhead in Government Contracts
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Date Location
November 12-13, 2014 Las Vegas, NV
April 28-29, 2015 Arlington, VA
August 20-21, 2015 Sterling, VA
November 10-11, 2015 San Diego, CA
By Phone
Call (888) 494-3696
By Fax
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fax your completed application to
(202) 772-8298