The Government Contract Accounting Institute is an advanced workshop for Government contract professionals. Its purpose is to provide a forum for discussing substantive cost and accounting issues while focusing on how to manage those issues. The workshop is participative and interactive. The faculty will outline issues, pose fact situations, and guide the discussion. The Course Curriculum subject areas will be covered but discussion will not be limited to the curriculum items. As a starting point, this problem solving workshop will analyze the persistent, continuing accounting and cost-related problems while providing a review and update of changes impacting cost and accounting issues in government contracts. While every issue may not be resolved in this workshop, we are confident that the best practices resulting from these discussions will prove to be invaluable in your day-to-day work activities.

PERSISTENT ISSUES


1. Issues Related To Direct Costs
   1. The significance of direct vs. indirect cost distinctions
   2. Distinguishing between direct and indirect costs
   3. Problems with consistency
   4. Accounting for direct costs
   5. Problems with distinguishing direct costs
2. Issues Related To Indirect Costs
   1. Indirect cost relationships (determining logical and homogeneous cost pools)
   2. Allocation base selection
   3. Factors affecting number of cost pools
   4. Impact of definition of the cost accounting period
   5. Special allocation methodologies
3. Accounting For Unallowable Costs
   1. Specific identification of unallowable costs
   2. Nonspecific identification of unallowable costs
   3. Effects of unallowable costs on cost allocations
   4. Recordkeeping options
4. Structuring Specific Cost Pools
   1. Home Office
   2. General and administrative
   3. IR&D/B&P
   4. Overhead
   
   CHANGES TO COST ACCOUNTING PRACTICE
   
5. Issues Related To Changes To A Cost Accounting Practice
   1. Basic requirements & Definitions
   2. Cost impact proposals
   3. Status of new & proposed rules of the Cost Accounting Standards Board
   
   SPECIAL ISSUES
   
6. Special Concerns
   1. Intercompany transfers
   2. Uncompensated overtime
      1. Definitions
      2. Accounting alternatives
   
   REVIEW & UPDATE
   
7. Decisions And Changes Affecting & Impacting Accounting Issues
   1. FAR Changes
   2. CAS Changes
   3. Board Decisions
   4. Court Decisions
8. The Acquisition Streamlining Statutes & Regulations
   1. FASA
   2. Clinger-Cohen Act of 1996
9. Commercial Item Issues
   1. The Truth In Negotiations Act
   2. The Cost Accounting Standards
   
   COST ACCOUNTING STANDARDS ISSUES
   
10. CAS Coverage
    1. Applicability
    2. Full vs. Modified
    3. Exemptions
    4. Disclosure Statements
11. Modified CAS Coverage
    1. CAS 401
    2. CAS 402
    3. CAS 405
    4. CAS 406
    5. CASB Statements Of Concepts


AREAS OF SPECIAL INTEREST
Please note that the Institute includes coverage of new developments in Costs, Pricing, and Accounting of special interest to Government Contract professionals.

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The Course Faculty

Joseph A. Barsalona is a partner in the Government Contracts practice of the Corporate Finance, Recovery and Disputes Group of PricewaterhouseCoopers LLP. Mr. Barsalona coordinates the full range of services offered by Price Waterhouse to both commercial and non-profit organizations who contract with the Federal, State and Local Governments. He provides contractors with assistance on technical issues associated with the pricing, costing, and administering of Government contracts; review and design of systems; preparation of claims and resolution of disputes; design and implementation of self governance programs; and litigation support services. He has worked with a wide range of contractors, including manufacturers, construction companies, environmental engineering companies, and not-for-profits and universities. He has been actively involved in a number of contract-related investigations and litigation support activities. Mr. Barsalona holds a B.S. in Accounting from Fordham University. A Certified Public Accountant, he is a member of the American Institute of CPAs, the New Jersey State Society of CPAs and the New York State Society of CPAs.

Philip D. Treccagnoli is a Director, Government Contractor Consulting Services, PricewaterhouseCoopers LLP. He has twenty-two years of experience in financial management, contract/program management, project accounting, U.S. Government contract accounting and business development in high-technology corporate environments. Extensive background in policy development, business operations management, litigation support and management of situations requiring multi-task prioritization. Experienced in the formulation of strategic goals and translation into practical operational plans. Ability to clearly express the most complex ideas, and generate plans of action that motivate others to follow through to achieve stated goals. B. S. Manhattan College; MBA, Accounting, Adelphi University.