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COVID-19 and Updates on FPS Courses and Events
Some previously scheduled classroom courses and weeklong events from mid-March through May 31 are being offered as Virtual Courses beginning in April. Check our schedule often; we’re constantly adding more.

FPS is planning to move forward with all FPS classroom courses and weeklong events scheduled for June, 2020 and beyond - see website. We want to emphasize that our future plans are incumbent upon the safety and well-being of our customers, staff, and vendors.

Course Description
This workshop takes an analytical approach to Disclosure Statements, cost accounting practices, and cost impact proposals through definitions, rules, requirements, responsibilities, and implications in the management and administration of CAS-covered government contracts. 

It starts with the basics:
• CAS-Covered Contracts and Awards
• Thresholds
• Exemptions
• Disclosure Statement Criteria
• Revisions
• Reviews
• Adequacy of Disclosure
• Timing of Submission
• Compliance
• Accounting Requirements
• Implementation
• Effects of Filing
• Changes to a Cost Accounting Practice
• Cost Impact Proposals
• Calculation Methods and Techniques
• FAR Provisions

The Workshop continues with examples, principles and practices from Disclosure Statement content and criteria to:
• a self-audit checklist for compliance with the requirements
• what triggers a change and how to recognize a change to a cost accounting practice
• how to prepare a cost impact proposal, conduct an analysis, and calculate the impact

The workshop concludes with insights and illustrations, and an opportunity for discussion.  And although coverage may not include every foreseeable cost activity, we are confident that the resources and guidance you receive will strengthen your analytical abilities in this area. 

Learning Objectives: 

  • Effectively identify the CAS related standards to disclosure statements
  • Identify the parts of a disclosure statement form
  • Develop an understanding of each part of the form
  • Confidently explain and fill out all the parts of the form
  • Have the ability to create a checklist for audit purposes
  • Effectively create a compliance checklist
  • Develop a plan for properly filing annually
  • Create and report on costs per CAS 401
Dates and Locations
October 22-23, 2020
Baltimore Marriott Inner Harbor at Camden Yards
Baltimore, MD
Standard: $1,375.00
Premium: $1,770.00
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


Disclosure Statement Forms
1. Contents
a. General Instructions
b. Cover Sheet and Certification
c. Part I  General Information
d. Part II  Direct Costs
e. Part III  Direct vs. Indirect Costs
f. Part IV  Indirect Costs
g. Part V  Depreciation & Capitalization Practices
h. Part VI  Other Costs and Credits
i. Part VII  Deferred Compensation and Insurance Cost
j. Part VIII  Home Office Expenses and Preparation

2. Effects of Filing a Disclosure Statement

Planning Considerations – Audit Checklist Guidance
1. Adequacy of a Disclosure Statement
a. Determine the Need
b. Determine Allocated Costs Consistency
c. Quality of Information
d. Effect in Other Audit Areas
e. Materiality Consideration
f. Adequacy Before Compliance
g. Risk Indicators
h. System Deficiencies
i. Internal Control Structure
j. Risk Assessment
k. Internal Consistency
l. Potential Inadequacies
m. Disclosed Practices v. Established Practices
n. Prepare for Compliance Audit

2. Compliance Preparation Checklist
a. Organizational Form
b. Prior Audits
c. Balance Sheet Integrity
d. Materiality
e. Risk Indicators
f. Business Systems
g. Systems Materials
h. Internal Control Structure

3. Filing Considerations
a. Thresholds
b. Company vs. Divisions
c. CAS-Covered Awards
d. Time for Filing
e. Prior Year Awards
f. Next Cost Accounting Period

4. Implementation Practices

Cost Accounting Standards
1. CAS 401  Consistency in Estimating, Accumulating, and Reporting Costs
a. Purpose/Definitions
b. Accumulating Costs
c. Actual Cost
d. Estimating Costs
e. Indirect Cost Pool
f. Pricing
g. Proposal
h. Reporting Costs
i. Fundamental Requirements
j. Techniques for Application
k. Illustrations
l. Interpretations

2. CAS 402  Consistency In Allocating Costs Incurred For the Same Purpose
a. Purpose/Definitions
b. Cost Objective
c. Direct Cost
d. Final Cost Objective
e. Indirect Cost
f. Indirect Cost Pool
g. Overcharging
h. Double Counting
i. Fundamental Requirement
j. Techniques for Application
k. Illustrations and Examples
l. Interpretation

3. CAS 405  Accounting For Unallowable Costs
a. Purpose and Guidelines
b. Definitions
c. Directly Associated Cost
d. Expressly Unallowable Cost
e. Indirect Cost
f. Unallowable Cost
g. Fundamental Requirements
h. Techniques for Application
i. Illustrations and Examples
j. Interpretation

4. CAS 406  Cost Accounting Period
a. Purpose/Definitions
b. Allocate
c. Cost Objective
d. Fiscal Year
e. Indirect Cost Pool
f. Fundamental Requirements
g. Techniques for Application
h. Illustrations and Examples
i. Interpretation

Changes to a Cost Accounting Practice
1. Definitions
2. Disclosed Accounting Methods
3. Established Accounting Methods
4. Alteration or Change
5. Meeting the Definition
6. Change in Method or Technique

Cost Impact Proposals
1. Cost Impact Analysis and Measurement
2. Preparation and Input
3. Data Elements
4. Calculation Methods and Techniques
5. Examples
6. Impact on Contract Types
7. Isolating Impacts
8. General Dollar Magnitude

Tying It All Together

Anthony Kim
Anthony Kim, Partner
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 
Chad Braley

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.

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.

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.
Field of Study: Specialized Knowledge
Delivery Method: Group-Live Classroom
Federal Publications Seminars is affiliated with West Professional Development and 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 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:
For more information regarding administrative policies such as refunds, cancellations and complaints, please contact Federal Publications Seminars at 888.494.3696.
This Program is eligible for: 13.0 (CPE) hours of credit
Program Level: Intermediate
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: 11.0 (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: 11.0 (60 minutes), 13.0 (50 minutes)
Baltimore Marriott Inner Harbor at Camden Yards
110 S Eutaw St
Baltimore, MD 21201

There is a room block for this location at the The Baltimore Marriott Inner Harbor at Camden Yards. The rate is $152 plus taxes per night. To make your reservation, click here. Rooms are subject to availability.

Continental breakfast and an afternoon snack will be served. Lunch is on your own.

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.
Disclosure Statements and Cost Accounting Practices
Date Location Fee
October 22-23, 2020 Baltimore, MD
Standard: $1,375.00
Premium: $1,770.00
Register By Phone
(888) 494-3696