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Overview
This course will focus on a range of advanced CAS matters, with the goal of educating participants to assess the issues and risks, understand what is required and explore the gray areas to make the best decision in each circumstance.  Participants will enhance knowledge on select advanced CAS matters, including the legal interpretations of these matters so they can be applied to specific situations. This course will focus on a range of advanced compliance challenges presented by the CAS, including advance legal and administrative issues, cost allocation concepts, allowability vs. allocability matters, accounting for pensions and fixed asset accounting.  

Presented by a team of compliance and legal professionals, this course is designed to be highly interactive between the instructors and participants to explore the complex compliance challenges that arise from being subject to the CAS.  Each area presented in this course will be explored from both an accounting and a legal perspective, using relevant case law to highlight common areas of dispute and the resulting legal interpretation. Some of the advanced CAS matters addressed in this course include: 

CAS applicability issues 
  • How to determine applicability threshold
  • Complexities involving contract types, including hybrid contracts
  • Special considerations for subcontractors
Interpretation and promulgation process

Organizational Structure
  • Business unit definition
  • Organizational changes
  • Restructuring
Complex requirements, common areas of noncompliance and resolution of disputes related to:
  • Consistency Standards (401, 402, 405, 406)
  • Allocation Standards (403, 410, 418, 420)
  • Compensation Standards (408, 412, 413, 415)
  • Fixed Asset Standards (404, 409, 414, 417)
  • Other Standards (407, 411, 416)
Cost accounting practice changes
  • Cost impact process
  • Types of changes
  • Grouping of changes
  • Offsets
  • Affected contracts
  • Common areas of difficulties and disputes
Disclosure Statement filing requirements and other required CAS disclosures
  • Disclosure requirements
  • Quality and substance of disclosures
  • Statute of limitations
Participants will gain an in depth understanding of these areas so they are able to comply with the complex requirements of the CAS and avoid common pitfalls by anticipating and resolving potential problems. 

Learning Objectives: 
After completing this course, you will be able to:
  • Develop applicability thresholds
  • Define and analyze complex contracts including hybrid contracts
  • Apply advanced application of CAS requirements
  • Receive an update on CAS Board and other governing bodies decisions
  • Apply cost impact analysis 
  • Determine types of changes
  • Recognize offsets 
  • Investigate areas of potential disputes
  • Manage the disclosures and their requirements of what to disclose
  • Have an awareness of statute of limitations
  • Resolve disputes based on prior actions
Dates/Locations
No upcoming dates/locations at this time
Agenda
Day 1
8:00 AM - 3:00 PM
La Jolla, CA
9:00 AM - 4:00 PM
Schedule for All Other Locations
 
Day 2
8:00 AM - 11:00 AM
La Jolla, CA
9:00 AM - 12:00 PM
Schedule for All Other Locations
Detailed agenda forthcoming. 

OVERVIEW

CAS applicability issues 
  • How to determine applicability threshold
  • Complexities involving contract types, including hybrid contracts
  • Special considerations for subcontractors
Interpretation and promulgation process

Organizational Structure
  • Business unit definition
  • Organizational changes
  • Restructuring
Complex requirements, common areas of noncompliance and resolution of disputes related to:
  • Consistency Standards (401, 402, 405, 406)
  • Allocation Standards (403, 410, 418, 420)
  • Compensation Standards (408, 412, 413, 415)
  • Fixed Asset Standards (404, 409, 414, 417)
  • Other Standards (407, 411, 416)
Cost accounting practice changes
  • Cost impact process
  • Types of changes
  • Grouping of changes
  • Offsets
  • Affected contracts
  • Common areas of difficulties and disputes
Disclosure Statement filing requirements and other required CAS disclosures
  • Disclosure requirements
  • Quality and substance of disclosures
  • Statute of limitations
Experts
  • Stephen Knight
    Member, Smith Pachter McWhorter PLC
    Stephen D. Knight has practiced government contract law in excess of 40 years, counseling and litigating on behalf of clients in all aspects of that specialized practice. He has significant experience in claims and disputes, with special emphasis on costing and pricing issues involving cost allocabi...
  • James W. Thomas
    Partner, Global Sector Lead, HKA
    James W Thomas (Jim) is a forensic accountant with 35 years of experience providing consulting and dispute resolution services to government contractors. He has been retained as an expert on more than 50 occasions.

    Jim has testified as an expert in proceedings before the Armed Servic...
Accreditation
See Individual Courses For Available Credits
Certificates of Completion are provided to all seminar participants who attend Federal Publications Seminars courses following the event, upon request.
CPE: Continuing Professional Education
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: www.nasbaregistry.org.
For more information regarding administrative policies such as refunds, cancellations and complaints, please contact Federal Publications Seminars at 888.494.3696.
CPE Hours
This program is eligible for: 9.5 (CPE) hours of credit
Program Level: Advanced
Program Prerequisite: None
Advance Preparation: None
Method: Group-Live Classroom
CLP: Continuous Learning Points
Approved for CLP by Defense Acquisition University
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.
CLP Hours
This program is eligible for: 8.0 (CLP) hours of credit
CLE: Continuing Legal Education
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.
CLE Hours
This program is eligible for: 8.25 (60 minutes), (50 minutes)
Travel
No travel information is available at this time
Level
  • 100
    Basic or fundamental subject matter is covered. Courses are geared to general knowledge or can be taken as a refresher.
  • 200
    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.
  • 300
    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.
  • 400
    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.
  • 500
    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.