In this session, we will discuss Cost Accounting Standards (CAS) and full and modified CAS covered contracts. You will learn about the most important standards and applicability as well as CAS administration issues such as changes to cost accounting practices. The following areas will be covered during the session:
- When and why CAS was enacted
- CAS board objectives
- Which contracts are subject to CAS
- CAS trigger contracts
- Modified CAS vs Full CAS
- Accounting changes (required, unilateral and desirable)
- Cost impact requirements
- Raytheon CAS legal decisions
- New Defense department CAS board
Who Should Attend:
This Webinar is perfect for professionals in the field of Accounting, Compliance, Purchasing, Contracts, Pricing and Estimating.
Earn CLP credits if you attend this 'live' webinar session.
This webinar is presented by Capital Edge Consulting.
Capital Edge consultants combine their unique backgrounds and experience in consulting, public accounting, industry, and DCAA to provide you with unmatched government contracting expertise. Learn more at capitaledgeconsulting.com.
|Anthony Kim, Managing Director
Capital Edge Consulting
Anthony Kim has more than 15 years of experience in various cost accounting and compliance issues related to government contracts. Specifically, he is knowledgeable in the areas of government contract procurement regulations, Cost Accounting Standards, Contractor’s Business System Requirements, and Auditing Standards. Professional Experience: Mr. Kim’s industry experience includes architecture and engineering, aerospace and defense, construction, manufacturing, information technology, not-for-profits and higher education. He has assisted clients with complex cost accounting matters, cost representations, business system implementations, purchasing system reviews, expert testimonials, proposal assistance, audit support, and other regulatory compliance matters.
Prior to joining Capital Edge, Mr. Kim was a director at BDO USA, Baker Tilly Virchow Krause, and Navigant Consulting. He has also worked for KPMG as a manager for over seven years. Recently, he assisted in developing an annual DCAA conference seminar, conducted training for Federal Publication Seminars, held webinars with clients and prospects on various government contract compliance matters, and served as a member of the National Defense Industry Association Contract Finance Committee in charge of regulatory and legislative updates.
He has assisted contractors and their outside counsel to resolve disputes arising under the Federal Acquisition Regulation, Cost Accounting Standards, Truth in Negotiations Act, and other accounting-related rules and regulations, and conducted independent forensic accounting investigations to evaluate allegations of fraud, accounting errors and irregularities, cost mischarging and defective pricing.
Anthony Kim holds a Bachelor of Science degree in Accounting from George Mason University.
Craig Stetson, Managing Director
Capital Edge Consulting
Craig Stetson has over 25 years of direct experience in government contract accounting, pricing, subcontract management, regulatory and federal contract compliance, business system implementation, and internal control oversight. His industry experience includes aerospace and defense, manufacturing, construction, architecture and engineering, information and communications, higher education, and not-for-profits.
Craig is experienced in a wide range of cost accounting and regulatory compliance matters related to government contracts and grants, including claims preparation and negotiation; cost allowability; application ofFederal Acquisition Regulation (FAR) and 0MB Circular requirements; accounting and business systems assessment related to government contract compliance requirements, internal control sufficiency and overall self-governance; cost estimating, accounting and auditing of federal contracts and grants; and, application and interpretation of Cost Accounting Standards (CAS).
Prior to joining Capital Edge, Craig was a director at PricewaterhouseCoopers, Baker Tilly Virchow Krause, Navigant Consulting, and KPMG. He began his career as an auditor for the Defense Contract Audit Agency (DCAA).
Craig received a Bachelor of Science degree in Accounting from Syracuse University and a Master of Business Administration degree from California State University- Long Beach. He is a Certified Public Accountant, licensed in California, and a Charted Global Management Accountant.