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Who should attend:

This course is designed for any contractor currently or expect to be subject to the Cost Accounting Standards Rules. The course is geared for both new or experienced professionals in the area of accounting, finance, compliance, program management and contract management.

What you will learn:

This program is a comprehensive course in contract requirements related to the CAS with key instruction by specialists in both accounting and law.

Coverage includes of developments and any prospective implications of the Pension Protection Act of 2006.

They were born out of frustration - out of the Government's smoldering irritation in dealing with contractors' differing accounting practices and high-dollar claims for price increases. Yet, like them or not, they are here to stay. Indeed, they may aptly be compared to the so-called "truth in negotiation" requirements which (whatever may be their weaknesses) will probably always be part of the procurement picture.

It all began in 1970, with the passage by Congress of the statute which created the Cost Accounting Standards Board and charged that Board with the duty of prescribing Standards for realization of "uniformity" and "consistency" in contractors' cost accounting practices. The resulting Standards have, predictably, had a major impact on the procurement process - an impact whose shock waves are still being felt.

So we all must accommodate to Cost Accounting Standards - we all, in plain words, must learn to live with them. It is for that reason that this special program has been developed.

Scope & Technique
Because the Cost Accounting Standards are complex - often hard to read, let alone understand - careful attention has been paid to the substantive content and instructional technique of this course. It starts with a finely crafted exposition of the system as a whole; follows this with consideration of the methods by which the Standards are administered and enforced; turns to an analysis of disclosure statements and of the Standards' relationship to recognized cost accounting practices-and, finally, swings into detailed study of the critical substantive Standards.

To assure understanding, maximum provision has been made for questioning by the audience. Toward that end instructors will (a) deliver information-packed lectures and (b) answer your questions-concentrating on particular aspects of their subjects which are of interest to you. Our purpose: To make certain that you learn the Standards' requirements and know what must be done to comply with them.

Dates and Locations
April 23-25, 2018
Executive Conference and Training Center
Sterling, VA
July 25-27, 2018
The Westin Hilton Head Island
Hilton Head Island, SC
September 17-19, 2018
Caesars Palace
Las Vegas, NV
Day 1
8:00 AM - 3:00 PM
La Jolla, Hilton Head and Las Vegas September Weeklong Conference Locations
9:00 AM - 4:00 PM
All Other Locations
Day 2
8:00 AM - 3:00 PM
La Jolla, Hilton Head and Las Vegas September Weeklong Conference Locations
9:00 AM - 4:00 PM
All Other Locations
Day 3
8:00 AM - 11:00 AM
La Jolla, Hilton Head and Las Vegas September Weeklong Conference Locations
9:00 AM - 12:00 PM
All Other Locations

The Course Curriculum & Faculty

Day One

9:00 The CAS System: Administration and Enforcement

Gregory A. Smith | Smith Pachter McWhorter PLC

The CAS System: A concentrated explanatory briefing on the scope, scheme, operating mechanisms, and general impact of the Cost Accounting Standards system. Applicability of Cost Accounting Standards and Disclosure Statement requirements to: (a) defense prime contracts and subcontracts, (b) non-defense prime contracts and subcontracts, (c) corporate divisions, (d) corporate subsidiaries. Relationship of Cost Accounting Standards to the allowability of costs. The contract clauses that implement the Standards — an analysis of their provisions, functions, and application.

Administration & Enforcement: Duties and rights of Government contractors and their subcontractors. Responsibility of the procuring agencies for administration and enforcement of the Standards. The critical cost impact of changes (required by the Standards in cost accounting prices). Adjustments in contract prices — upward and downward — resulting from the Standards. Procedures for negotiating price adjustments including coordinated negotiation. Current CAS problem areas.

1:00 Disclosure Statements; Cost Accounting Practices

Chris Pockney

Disclosure Statements: Their purpose, content, submission, review — a study of what’s required and what’s not.

Cost Accounting Practices: A survey of acceptable accounting systems, reasonable cost accounting practices, and the Accounting Standards relating to these areas.

  • Standard 401 — Consistency in Estimating, Accumulating, and Reporting Costs
  • Standard 402 — Consistency in Allocating Costs Incurred for the Same Purpose
  • Standard 405 — Accounting for Unallowable Costs
  • Standard 406 — Cost Accounting Period

Day Two

9:00 Compensation of Personnel

Terry L. Albertson, Partner, Crowell & Moring, LLP

  • Standard 408 — Compensated Personal Absence
  • Standard 412 — Compensation and
  • Measurement of Pension Costs
  • Standard 413 — Adjustment and Allocation of
    Pension Costs
  • Standard 415 — Accounting for the Cost of
    Deferred Compensation

1:00 Tangible Assets and Capital

Louis I. Rosen, President of Potomac Partners R & M, LLC, Founder of Government Contract Services, Ernst & Young, LLP

  • Standard 404 — Capitalization of Tangible Assets
  • Standard 407 — Use of Standard Costs for Direct Material and Direct Labor
  • Standard 409 — Depreciation of Tangible Capital Assets
  • Standard 411 — Accounting for Acquisition Costs of Material
  • Standard 414 — Cost of Money as an Element of the Cost of Facilities Capital
  • Standard 416 — Accounting for Insurance Costs
  • Standard 417 — Cost of Money as an Element of Cost of Facilities Under Construction

Day Three

9:00 Home Office, G&A Expense, Overhead, and IR&D

Deborah Nixon, Crosshair Advisors LLC

  • Standard 403 — Allocation of Home Office Expense
    to Segments
  • Standard 410 — Allocation of G&A Expense
  • Standard 418 — Allocation of Direct and Indirect Costs
  • Standard 420 — Accounting for IR&D and B&P Costs

12:00 Noon Adjournment

Analyses of Specific Standards
The critical current Cost Accounting Standards have been grouped into four substance-related categories that will be covered in the following sessions. For each category, the assigned Faculty member will: (a) explain the requirements of the Standards; (b) analyze their features — the good, the bad, the unusual; (c) point out any gaps or loopholes in their coverage; (d) indicate any inconsistencies that exist between the Standards and (i) generally accepted accounting principles, (ii) the cost principles applicable to Government contracts, and (iii) accounting for tax purposes; and (e) cover the mechanics and problems of transition from previously acceptable procedures to the Standards.

Gregory A. Smith | Smith Pachter McWhorter PLC

Mr. Smith is a former Chair of the American Bar Association's Section of Public Contract Law and is the current Chair of the U.S. Court of Federal Claims Advisory Council. His practice focuses on federal procurement counseling, dispute resolution and litigation, claim analysis and preparation.

Mr. Smith has represented domestic and international clients in negotiations with government agencies, and he has counseled clients extensively on matters involving defective pricing, cost accounting and contract performance disputes - including terminations, audits and investigations. He has represented subcontractors and prime contractors in claims before the U.S. Court of Federal Claims, U.S. Court of Appeals for the Federal Circuit, the U.S. district courts and courts of appeals, and he has tried complex cases before boards of contract appeals involving shipbuilding and other major claims. In addition, he has litigated contract award disputes before the Government Accountability Office and the federal courts. His practice also involves counseling and litigation involving security clearance issues.

The respected publication Chambers USA: America's Leading Lawyers for Business cites Mr. Smith for his government contracts practice.

In 2009, Mr. Smith was named a "Top Washington Lawyer" by The Washingtonian magazine in government contracts law.

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.

Terry Albertson

Terry L. Albertson is a senior counsel in the Washington, D.C. office of Crowell & Moring. He focuses on government procurement law. He received a bachelor's degree from Georgetown University, magna cum laude, in 1968, a master's from Yale University in 1969, and a J.D. from Harvard Law School, cum laude, in 1974. He is a member of the bars of the State of Maryland and the District of Columbia. He served in the United States Army from 1969 to 1971 and was awarded a Bronze Star for his service in Vietnam.

Mr. Albertson's practice focuses particularly on issues related to government contract cost, accounting, pricing, and termination issues. He represents contractors regularly at the various Boards of Contract Appeals and the Court of Federal Claims. He has tried a number of important cases concerning defective pricing, the Cost Accounting Standards, the allowability of costs, multiple award contracts, and terminations. He counsels contractors and participates in internal reviews and litigation about allegations of fraud, and has been involved in planning significant corporate mergers, divestitures, and reorganizations.

Deborah Tully

Deb is a Consulting Actuary and Partner in Pine Cliff Consulting, Inc. with over 22 years of experience in the employee benefits field.   Prior to joining Pine Cliff in 2016, she was the Senior Director of Compensation & Benefits Finance for Raytheon Company.  In her role at Raytheon, she was responsible for the financial management, government reimbursement, compliance and strategic analysis for all of Raytheon’s benefits programs.  Before joining Raytheon, Deb was a Consulting Actuary with Mercer, Aon and Buck Consultants.  Deb is a Fellow of the Society of Actuaries, a Fellow of the Conference of Consulting Actuaries, an Enrolled Actuary under ERISA and a member of the American Academy of Actuaries.  She received a Bachelor of Arts in mathematics and economics from Bucknell University in 1995.

Deb is an appointed member of the ERISA Advisory Council to the Department of Labor for 2015 through 2017 and  has testified before the House Ways and Means Committee on private sector employer pension plan issues.  She has also participated in various pension and benefits committees including the Financial Executives International Committee on Benefits Finance (previous Committee Chairperson), the American Academy of Actuaries Pension Committee, the Society of Actuaries Pension Section Council and the American Benefits Council Board of Directors and has presented to a variety of industry groups on employee benefits topics including Cost Accounting Standards related to pension plans.

Deb’s areas of expertise include:

Strategic evaluation of pension financial management options 

Government / legislative affairs related to benefits topics 

Pension considerations related to mergers and acquisitions

Financial forecasting of pension and benefits costs 

Actuarial assumption review and demographic experience analysis

SEC financial reporting (10-K, 10-Q, Proxy and 11-K filings), external auditor relations, and SEC issue resolution 

ERISA compliance and government filing requirements

Investor Relations communications related to pensions

Control environment evaluation and development under Sarbanes-Oxley 404

Certain specialized areas of focus relate to pension issues specific to employers performing work for the U.S. Government, including:

Cost Accounting Standards (CAS) and Federal Acquisition Regulation (FAR) expertise

Government contractor forward pricing and incurred cost submissions

Government Agency (DCMA / DCAA) interface and relations

Litigation support and testimony

Louis I. Rosen

Louis I. 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 advisor to companies doing business with the Government.  His services include interpretation, evaluation, and application of Government regulations to specific contract situations; preparation and review of contract-related systems; assistance and support in contract negotiation; training; claims preparation; resolution of disputes; compliance reviews; and litigation support and expert witness services.

Prior to joining Ernst & Young, Dr. 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.”

Dr. Rosen has worked closely with Government procurement and audit agencies, industry associations, the accounting profession, and legal counsel.  He has advised on cost accounting issues involving virtually all Government procurement and audit agencies.  He has worked with non-profits, companies selling commercial products to the Government, as well as businesses using Federal Supply Schedules.  He has frequently testified as an expert witness on accounting matters.

Dr. Rosen served as chairman of the Government Contractors Guide Special Committee formed to revise the AICPA’s industry audit and accounting guide, “Audits of Federal Government Contractors,” and served as an advisor to the AICPA Defense Contractors Committee.  He has served as a member of the Association of Government Accountants’ National Research Board and Financial Management Standards Board and the Board of Advisors for the National Contract Management Association.  Dr. Rosen has served as a member of Department of Defense, General Accounting Office, and Office of Technology, U.S. Congress panels.

A frequent speaker on Government contract issues in forums across the country, Dr. Rosen is co-author of a widely used handbook, Government Contract Accounting.

Dr. Rosen is a member of the faculty of the University of Maryland’s Robert H. Smith School of Business.


He received a JD from that University’s School of Law. A CPA in the State of Maryland, he is also a member of the Bar of the State of Maryland.  Other professional memberships include the American Institute of Certified Public Accountants, Maryland Association of Certified Public Accountants, National Contract Management Association, Association of Government Accountants, and American Bar Association

Deborah Nixon

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.

Armani Vadiee | Smith Pachter McWhorter PLC

Armani Vadiee is a partner at the law firm of Smith Pachter McWhorter PLC.  Mr. Vadiee's practice focus is government and commercial contracts. Mr. Vadiee provides counsel to domestic and international clients on a wide range of contracting issues including contract negotiation, contract terms and conditions, bid protests, contract changes and claim preparation, internal investigations, contract termination settlements, regulatory compliance and contract litigation. Mr. Vadiee has developed large-scale compliance programs for government contractors focused on contract compliance including accounting, export controls, data rights, subcontracting, and mandatory reporting requirements.

Mr. Vadiee has experience litigating contract disputes in federal and state courts and  administrative bodies including before the Civilian Board of Contract Appeals, the Armed Services Board of Contract Appeals, the United States Government Accountability Office, the United States Court of Federal Claims and the United States Court of Appeals for the Federal Circuit. 

Prior to law school, Mr. Vadiee was a contracting officer for a U.S. Department of Energy research laboratory and during law school clerked at the U.S. Government Accountability Office.

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: 14.0 (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: 13.75 (60 minutes), 16.5 (50 minutes)
Caesars Palace
3570 Las Vegas Blvd S
Las Vegas, NV 89109

There is a room block for Las Vegas Government Contracts Week. For reservations, click Rate is $172/night plus taxes.  

For guests that prefer to phone in their reservations: you may call the Reservation Center at 1-866-227-5944 to secure a reservation on your group block. However, be aware that a processing fee of $15.00 + tax per reservation will be incurred if you choose not to use the above link. Reference group code SCFPS8 when you call to make the reservation. 

Reservations must be made by Friday, August 17, 2018.  After that time, the group rate will be offered based on hotel availability only. 


There is a room block for Las Vegas Government Contracts Week. For reservations, click Rate is $172/night plus taxes.  

For guests that prefer to phone in their reservations: you may call the Reservation Center at 1-866-227-5944 to secure a reservation on your group block. However, be aware that a processing fee of $15.00 + tax per reservation will be incurred if you choose not to use the above link. Reference group code SCFPS8 when you call to make the reservation. 

Reservations must be made by Friday, August 17, 2018.  After that time, the group rate will be offered based on hotel availability only. 

Executive Conference and Training Center
22685 Holiday Park Drive, Suite 60
Suite 60
Sterling, VA 20166

Breakfast, lunch and breaks will be served at this location.

Hampton Inn & Suites Dulles
22700 Holiday Park Drive
Sterling, VA 20166
(703) 537-7800

There is a room block for this location.  This hotel is located across the street from the ECTC.  For guest room reservations, call 703.537.7800 and reference “Federal Publications." Note that these reservations must be made three weeks prior to the start of the event and that the rooms are subject to availability.

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.
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Cost Accounting Standards
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Date Location
April 23-25, 2018 Sterling, VA
July 25-27, 2018 Hilton Head Island, SC
September 17-19, 2018 Las Vegas, NV
By Phone
Call (888) 494-3696