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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

This course will be scheduled soon. Please enter your information below to receive a notification when the class is scheduled.

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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.
Chris Pockney
Formerly led the Washington office of Ernst & Young’s Government Contract Services group within the Advisory Services practice. He provides federal contract advisory services to a broad range of clients including defense contractors, commercial contractors, non-profits, educational institutions and regulated utilities.He has assisted clients in numerous manufacturing and service industries including aerospace, nuclear energy, electronics, software, healthcare, construction and insurance across the globe.

Before joining Ernst & Young, Chris held management positions in the aerospace and defense industry. He was involved in a variety of government contracting activities including the preparation and negotiation of indirect rate submissions for the purposes of forward pricing, contract billing, final indirect rate settlements and termination claims; maintenance and update of the Cost Accounting Standards Board Disclosure Statement; preparation and negotiation of advance agreementsfor specific items of cost; and preparation of contractor independent research and development (IR&D) proposals to the government’s tri-services negotiators.

Chris has a bachelor’s degree in law and economics from Cambridge University in England and a master’s degree from San Francisco University. He is an associate member of the American Bar Association, where he is an active member of the Public Contract Law Section’s Commercial Products and Cost and Pricing Committees. He speaks, teaches and writes frequently on government contract matters and has been admitted as an expert witness at the Armed Services Board of Contract Appeals, state courts and in various mediation and alternative dispute resolution settings.
Karen Manos
Karen L. Manos is a partner in Gibson Dunn’s Washington D.C. office and Chair of the firm’s Government Contracts Practice Group.  Ms. Manos graduated in the top two percent of her class at the U.S. Air Force Academy (B.S., distinguished graduate, 1981), and graduated first in her class from the Duke University School of Law (J.D., with highest honors, 1986), where she was a Note Editor for the Duke Law Journal.  Ms. Manos has nearly thirty years’ experience on a broad range of government contracts issues, including civil and criminal fraud investigations and litigation, complex claims preparation and litigation, bid protests, qui tam suits under the False Claims Act, defective pricing, cost allowability, the Cost Accounting Standards, and corporate compliance programs. 
Ms. Manos enjoys a nationwide reputation for her expertise in government contract costs and pricing.  Each year since 2006, Ms. Manos has been selected as one of the leading Government Contracts lawyers in the nation by Chambers USA America’s Leading Business Lawyers, and one of only three lawyers "spotlighted" in the category, Government Contracts: Cost Disputes.  Chambers reported that: "Karen Manos is considered one of the top government contracting lawyers in the country, particularly in the area of cost disputes. Clients say: "She is very knowledgeable in terms of US government cost accounting. We can’t find anybody who knows this stuff better than she does. She is extremely responsive, and quick to grasp issues and provide ideas." One peer remarked, "She is one of the most brilliant cost accounting lawyers I’ve met, and a great theoretician. She is a perfectionist, and she’s very, very good at a very, very difficult area."  In 2004, Legal Times named Ms. Manos one of the top 12 government contracts lawyers in the Washington, DC area.  In 2009 and 2017, she was nominated by her peers as one of the world’s leading practitioners in the field of public procurement and listed in The International Who’s Who of Public Procurement Lawyers.  In 2010 and 2017, Ms. Manos was selected as one of 10 Washington, DC Super Lawyers in government contracts, and in 2011, Washingtonian Magazine named her a "Star of the Bar" for Government Contracts.  She was named one of the top five "MVPs" in government contracts law for 2012, awarded by Law360 to "attorneys whose achievements in major litigation or transactions have set a new standard for accomplishment in corporate law."  In 2017 Washingtonian Magazine named Ms. Manos as one of the "Top Lawyers" in Government Contracts.   
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
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.
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),
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.
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The Masters Institute in Government Contract Costs
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