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Aug 3, 2017 2:30-4:00 PM EDT
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What is an "allowable cost"?  FAR Part 31.205 (Selected Costs) discusses this sometimes mis-understood and confusing area.  What is “Expressly Unallowable” vs “Unallowable”?  What penalty is associated with unallowable cost?  


There are 46 sup-parts including advertising costs, bad debts, cost of money, depreciation, manufacturing costs, etc. Learn about these unique costs and whether they are allowable or unallowable.  We will also discuss DCAA “Audit Alert Distributing a Listing of Cost Principles That Identify Expressly Unallowable Costs” and “Selected Area of Cost Guidebook: FAR 31.205 Cost Principles”.  Further, we will address inter-company transfers as this is a confusing area for contractors.  


Who Should Attend:
This Webinar is perfect for professionals in the field of Accounting, Compliance, Purchasing, Contracts, Program Management, 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.
About Our Presenter ...

Chad Braley, CEO and Founder
Capital Edge Consulting

Chad Braley is the Chief Executive Officer and Founder of Capital Edge Consulting, Inc.  Since its inception, Capital Edge has grown into the country’s leading firm, focusing solely on serving both foreign and domestic contractors who do business with the US Government.

Chad’s areas of expertise include the Cost Accounting Standards (CAS), Federal Acquisition Regulations (FAR), agency supplement regulations, Contractor Accounting, Purchasing, Estimating, MMAS, and EVM Business Systems, Truth in Negotiations Act, government accounting requirements Incurred Cost Submissions (ICS), DCAA Audits support and preparation, other regulatory non-compliance support, Terminations, Requests for Equitable Adjustment (REA), ERP systems and risk mitigation.

Professional Experience: Chad serves government contractors ranging in size from small businesses to Fortune 100 companies with full contract lifecycle support in the areas of accounting, contracts, compliance and training.  His clients work in a wide range of industries, including aerospace, biotech and life sciences, defense and homeland security, education, energy, health care, information technology, intelligence and manufacturing.  Chad has successfully supported clients in developing and implementing compliance controls, policies, processes, and procedures to successfully mitigate the risk of regulatory noncompliance and has helped more than 250 companies successfully complete government audits.  He has also assisted numerous clients in resolving allegations of non-compliance and supported his clients in claiming over $50 million of additional costs to which they were entitled.  Chad has extensive experience in Cost Accounting Standards and has helped companies develop their CAS Disclosure Statements, change cost accounting practices, develop cost impact statements and defend against allegations of noncompliance.

Education
Mr. Braley graduated from the Williams School of Commerce at Washington and Lee University with a Bachelor of Science in Commerce, with a Business Administration major.

About Our Presenter ...
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.

Education:
Anthony Kim holds a Bachelor of Science degree in Accounting from George Mason University.