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The Masters Institute in Government Contract Costs is a specially tailored, advanced program devoted exclusively to the unique rules, problems, practices, and demands of Government Contract Costs matters and designed for experienced procurement professionals to help you stay on top of the latest developments in Government contract costs.

Each day of the Institute will consist of lectures, case studies, illustrative examples, group discussions, individual questioning, and consideration of questions on any contract costs subject.

You will be taught by instructors who are nationally recognized specialists in the government contracting industry. They are not only experts in their subject areas, but are proven educators – able to communicate the material in terms you can effectively relate to your individual operations. Click on the faculty tab, above, to read more about the faculty.
In addition, attendees will receive an extensive set of materials prepared by the faculty. Finally, we believe you will greatly benefit from your association with the other attendees—all of whom are expected to be on your professional level.
Dates and Locations
July 24-26, 2018
The Westin Hilton Head Island
Hilton Head Island, SC
Day 1
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
Day 2
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
Day 3
8:00 AM - 12:00 PM
Schedule for La Jolla, CA and Hilton Head, SC
9:00 AM - 12:00 PM
Schedule for All Other Locations

NOTE: The start and end times for the La Jolla, CA, and Hilton Head, SC locations are earlier. Classes begin at 8:00 AM (breakfast/registration at 7 AM) and end at 3:00 PM 

Day One:

Areas of discussion: The opening session includes an overview of the Institute including new developments in Government Contract Costs and Cost Accounting Standards. The CAS Board make-up; operating procedures and rules; actions; promulgations to date; agenda for the coming year.

Day Two:

Areas of discussion: The cost principles and Cost Accounting Standards relevant to the various organizational forms. CAS 403, 410 and 418. Allocability and allowability rules applicable to parents, subsidiaries, segments, divisions, cost centers, joint ventures and teaming arrangements. Cost consequences of changes from takeovers, purchases, sales, combinations, split ups, start ups and shut downs. The rules governing transactions between organizations in areas such as supplies, services and leases.

Areas of discussion: Understanding and living with the conflicting rules on allowability and allocability. Discussion of the FAR approach to allocability, including a discussion of FAR 31.201, 202, 203, and parts of 205. Comparison of the FAR with the CAS approach to allocability as set out in the standards and the Board's concepts statement. Analysis of how the courts have decided allocability issues and conflicts between FAR and CAS. Insights into how the new CAS Board may be handling the problem and other thorny issues it now faces.

 Day Three:

 Areas of discussion: FAR cost principles - Precontract costs: IR & D: B&P and CAS 420; environmental cleanup costs; public relations vs. marketing vs. direct selling costs; professional and consultant service costs; employee compensation, including uncompensated overtime and accounting for, and "termination" of fully funded pension plans - CAS 412 and 413 implications; cost and CAS issues as defective pricing problems.

Areas of discussion: Accounting for the costs of assets. Issues generated by mergers and acquisitions. Evaluation of assets, appropriate use of stepped-up basis, DCAA gain recapture theories, and novation agreements precluding costs being allocated to pre-existing contracts. Allocating special tooling and test equipment costs. Direct vs. indirect costs: Appropriate procedures and accounting practices. Cost accounting practices vs. estimating practices. The impact of organizational changes. Planning for changes in cost accounting practices.

Areas of discussion: Identify current trends and initiatives in government contract auditing that could impact your business.  Explore the changing role of DCAA in an ever expanding environment of government oversight wherein DCAA is also distancing itself from contractors as well as contracting officers.  Address ongoing audit issues ranging from audit interpretations of allowable costs, internal controls, access to records and CAS (Cost Accounting Standards).





James W. Thomas
James W. Thomas is a Partner in the Government Contractor Consulting Practice of PricewaterhouseCoopers, LLP in Washington, DC. He specializes in the unique financial and accounting requirements of government contracts. Mr. Thomas provides advice to clients on strategies for organizational structures, systems to meet the estimating and accounting requirements of the Federal Acquisition Regulation and strategies for proposal pricing. He provides expert accounting services to law firms representing clients involved in government contract disputes such as acquisition purchase price disputes, bid protests, defective pricing, cost recovery claims, labor charging and other accounting disputes. He has provided expert testimony in cases involving cost disputes and in bid protest cases. He has a Bachelor of Science degree in Accounting from the Pennsylvania State University and is a Certified Public Accountant in Virginia.
Erin N. Rankin
​Erin N. Rankin is an associate in the Washington, D.C. office of Gibson, Dunn & Crutcher, where she is a member of the firm's Litigation Department.
Ms. Rankin has broad experience representing clients on government contracts matters relating to contract claims, bid protests, suspension and debarment proceedings, voluntary disclosures and government investigations.  Ms. Rankin advises clients on compliance with export controls, economic sanctions and the FAR and DFARS, and she is well-versed in conducting internal investigations and defending against civil False Claims Act allegations brought by qui tam relators.  She has substantial litigation experience representing clients before the U.S. Court of Federal Claims, the Armed Services Board of Contract Appeals, and the U.S. Government Accountability Office.  Ms. Rankin can also advise corporate clients and assist with due diligence on transactions involving government contracts and export or international trade issues.  Prior to joining Gibson Dunn in 2015, Ms. Rankin practiced at a major international law firm in Washington, D.C., where she specialized in government contracts, export controls and economic sanctions.
Louis Rosen
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.
Michael Steen, CPA
Michael E. Steen is a Director with Redstone Government Consulting, Inc. and a specialist in complex compliance issues to include major contractor cost accounting & business system regulations, financial compliance, resolution of DCAA audit issues, Cost Accounting Standards application, litigation support, and claims preparation. Prior to joining Redstone Government Consulting, Mike served in a number of capacities with DCAA for over thirty years, and upon his retirement, he was one of the top seven senior executives with DCAA. Mike Served as a Regional Director for two DCAA regions, and during that time was responsible for audits of approximately $25B and 800 employees. 
Mike was also involved in conducting or managing a variety of compliance audits, to include cost proposals, internal controls and related systems, Cost Accounting Standards, claims, defective pricing, and special programs. He was also actively involved in contract disputes and litigation, and has prepared and presented various lectures and seminars to DCAA staff and business community leaders. Mike also served as a member of the Executive Steering Committee for DCAA during his tenure as a Regional Director.
Mike has a BS Degree in Business Administration from Wichita State University. He is also a graduate of the DCAA Director's Fellowship Program in Management, and has a Masters Degree in Administration from Central Michigan University. Mr. Steen also completed a number of OPM’s management and executive development courses.
Stephen D. Knight, Smith Pachter McWhorter PLC
Stephen D. Knight is a member in the Vienna, VA law offices of Smith Pachter & McWhorter, PLC. Specializes in a variety of government contracts issues. He has substantial expertise in the area of claims and disputes, including defective specifications, delay and disruption, changes, and contract interpretation. Handles matters involving complex questions of government contract cost accounting, cost allocability, cost allowability, material accounting, labor accounting, contract payment, and defective pricing. Has advised clients on sensitive issues of government contract compliance, disclosure, and the government's right of access to records. Substantial experience in the area of procurement fraud. This experience includes the representation of clients during grand jury and Inspector General criminal investigations, as well as civil investigations, and litigation pursuant to the Civil False Claims Act and its Qui Tam provisions. Bachelor of Arts, with honors, elected to Phi Beta Kappa, and Juris Doctor degrees from the University of Virginia.
Suzanne Roske, PricewaterhouseCoopers
Suzanne Roske is a Partner in the Government Contracts Practice of PricewaterhouseCoopers, LLP in Washington, D.C. Ms. Roske specializes in assisting clients in the areas of business consulting / strategic initiatives, transaction services and regulatory compliance actions.
Suzanne has a B.S. in Accounting from Syracuse University and is a Certified Public Accountant in the District of Columbia.
Terry L. Albertson
Terry L. Albertson is a Partner in the Washington, D.C. law firm of Crowell & Moring LLP, specializing in Government procurement law. Mr. Albertson is active in a number of trade and professional organizations. For several years, he served as Chairman of the Committee on Accounting and Cost and Pricing of the Public Contract Law Section of the American Bar Association. A member of The Government Contractor Advisory Broad, he has written and lectured frequently on Government procurement issues, with special emphasis on cost allowability issues, multiple award Federal Supply Schedule contracts, and issues related to fraud, debarment, and suspension. He received a Bachelor's degree from Georgetown University, magna cum laude, a Master's degree from Yale University, and a law degree from Harvard Law School, cum laude,. He is a member of the Bars of State of Maryland and the District of Columbia.
Certificates of Completion are provided to all seminar participants who attend Federal Publications Seminars courses following the event, upon request.
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.
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:
This Program is eligible for: 16.5 (CPE) hours of credit
Program Level: Basic
Program Prerequisite: None
Advance Preparation: None
Method: Group-Live
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: 17.0 (CLP) hours of credit
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.
** Please note that because some states are changing their policy on CLE reporting, you will need to fill out the request for credit from Federal Publications Seminars within 10 business days, or we may not be able to issue credits for the program.
This Program is eligible for: Varies by state (60 minutes),
The Westin Hilton Head Island
2 Grasslawn Avenue
Hilton Head Island, SC 29928

Room Block Information
There is a room block for this location. The rate is $250/night plus taxes, plus a discounted resort fee of $8 (not reflected until checkout). Click here to make reservations. This rate is subject to availability. Reservations MUST be made by June 22, 2018.

Food and Beverage
Continental breakfast, lunch and beverages will be served.


Government Per Diem rates will be posted shortly, when rates become available.

These rooms are limited to ONE ATTENDEE PER QUALIFYING COMPANY, and you will be required to present a valid government ID upon check-in to confirm use of government rate. 


Room Block Information
There is a room block for this location. The rate is $250/night plus taxes, plus a discounted resort fee of $8 (not reflected until checkout). Click here to make reservations. This rate is subject to availability. Reservations MUST be made by June 22, 2018.

Guest Rooms at the Government Per Diem:
Government Per Diem rates will be posted shortly, when rates become available.

These rooms are limited to ONE ATTENDEE PER QUALIFYING COMPANY, and you will be required to present a valid government ID upon check-in to confirm use of government rate. 

Food and Beverage
Continental breakfast, lunch and beverages will be served.

Basic or fundamental subject matter is covered. Courses are geared to general knowledge or can be taken as a refresher.
Specific topics or issues within a topic area are covered. Students should be familiar with terms of art and general concepts concerning the course topic.
Workshops and class discussions cover specific subject matter in-depth, and participation is strongly encouraged. Attendees should have at least 2-3 years' experience in the area of study.
Courses build upon students' knowledge and experience, and cover complex issues within the subject matter. Should have 4-5 years' mastery of subject for in-depth analysis.
Masters-level programs designed for professionals with 5+ years' experience. Courses cover in-depth and technical analysis on specific subjects and updates on current issues.
Register Now for:
The Masters Institute in Government Contract Costs
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Date Location
July 24-26, 2018 Hilton Head Island, SC
By Phone
Call (888) 494-3696