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IN-HOUSE TRAINING
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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
August 6-7, 2012
L'Enfant Plaza Hotel
Washington, DC
$1025.00
November 13-14, 2012
New York-New York Hotel
Las Vegas , NV
$1025.00
Accreditation
This Program is eligible for:
11.0 (60 minute)
13.2 (50 minute)
This Program is eligible for:
13.0 (CPE) hours of credit
Program Level: Basic
Program Prerequisite: None
Advance Preparation: None
Method: Group-Live
Related Downloads
Registration Form for fax-in registrations (PDF)
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. 

 

 

Accreditation
This Program is eligible for:
11.0 (60 minute)
13.2 (50 minute)
This Program is eligible for:
13.0 (CPE) hours of credit
Program Level: Basic
Program Prerequisite: None
Advance Preparation: None
Method: Group-Live
L'Enfant Plaza Hotel
480 L'Enfant Plaza SW
Washington, DC 20024
New York-New York Hotel
3790 Las Vegas Blvd S
Las Vegas , NV 89109
Register Now for:
Understanding Overhead in Government Contracts
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Date Location
August 6-7, 2012 Washington, DC
November 13-14, 2012 Las Vegas , NV
By Phone
Call (888) 494-3696