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Overview

The Masters Institute in Government Contract Costs is a specially tailored, advanced program devoted exclusively to the unique rules, problems, practices, and demands of Government Contract Costs matters and designed for experienced procurement professionals to help you stay on top of the latest developments in Government contract costs.

Each day of the Institute will consist of lectures, case studies, illustrative examples, group discussions, individual questioning, and consideration of questions on any contract costs subject.

Learning Objectives: 
After completing this course, you will be able to:
  • Apply advanced application of CAS requirements
  • Receive an update on CAS Board and other governing bodies decisions
  • Ability to apply new operating procedures as it relates to contracts
  • Apply new updates to allocabiliity and allowbility issues
  • Discuss with peers any new rules related to FAR 31.201 through 205
  • Apply IR &, B&P and CAS 420 
  • Discuss new DCAA initiatives and recent cases impacting costs 
You will be taught by instructors who are nationally recognized specialists in the government contracting industry. They are not only experts in their subject areas, but are proven educators – able to communicate the material in terms you can effectively relate to your individual operations. Click on the faculty tab, above, to read more about the faculty.
 
We believe you will greatly benefit from your association with the other attendees—all of whom are expected to be on your professional level.
Dates/Locations
July 26-28, 2021
The Westin Hilton Head Island
Hilton Head Island, SC
Travel Info
Standard: $1,875.00
Premium: $2,270.00
Register
September 15-17, 2021
The Flamingo Hotel
Las Vegas, NV
Travel Info
Standard: $1,875.00
Premium: $2,270.00
Register
Agenda
Day 1
8:00 AM - 3:00 PM
Hilton Head, SC and Las Vegas, NV
9:00 AM - 4:00 PM
Schedule for All Other Locations
 
Day 2
8:00 AM - 3:00 PM
Hilton Head, SC and Las Vegas, NV
9:00 AM - 4:00 PM
Schedule for All Other Locations
 
Day 3
8:00 AM - 11:00 AM
Hilton Head, SC and Las Vegas, NV
9:00 AM - 12:00 PM
Schedule for All Other Locations

AGENDA
NOTE: The start and end times for the La Jolla, CA, and Hilton Head, SC locations are earlier. Classes begin at 8:00 AM (breakfast/registration at 7 AM) and end at 3:00 PM 

Day One:

Areas of discussion: The opening session includes an overview of the Institute including new developments in Government Contract Costs and Cost Accounting Standards. The CAS Board make-up; operating procedures and rules; actions; promulgations to date; agenda for the coming year.

Day Two:

Areas of discussion: The cost principles and Cost Accounting Standards relevant to the various organizational forms. CAS 403, 410 and 418. Allocability and allowability rules applicable to parents, subsidiaries, segments, divisions, cost centers, joint ventures and teaming arrangements. Cost consequences of changes from takeovers, purchases, sales, combinations, split ups, start ups and shut downs. The rules governing transactions between organizations in areas such as supplies, services and leases.

Areas of discussion: Understanding and living with the conflicting rules on allowability and allocability. Discussion of the FAR approach to allocability, including a discussion of FAR 31.201, 202, 203, and parts of 205. Comparison of the FAR with the CAS approach to allocability as set out in the standards and the Board's concepts statement. Analysis of how the courts have decided allocability issues and conflicts between FAR and CAS. Insights into how the new CAS Board may be handling the problem and other thorny issues it now faces.

 Day Three:

 Areas of discussion: FAR cost principles - Precontract costs: IR & D: B&P and CAS 420; environmental cleanup costs; public relations vs. marketing vs. direct selling costs; professional and consultant service costs; employee compensation, including uncompensated overtime and accounting for, and "termination" of fully funded pension plans - CAS 412 and 413 implications; cost and CAS issues as defective pricing problems.

Areas of discussion: Accounting for the costs of assets. Issues generated by mergers and acquisitions. Evaluation of assets, appropriate use of stepped-up basis, DCAA gain recapture theories, and novation agreements precluding costs being allocated to pre-existing contracts. Allocating special tooling and test equipment costs. Direct vs. indirect costs: Appropriate procedures and accounting practices. Cost accounting practices vs. estimating practices. The impact of organizational changes. Planning for changes in cost accounting practices.

Areas of discussion: Identify current trends and initiatives in government contract auditing that could impact your business.  Explore the changing role of DCAA in an ever expanding environment of government oversight wherein DCAA is also distancing itself from contractors as well as contracting officers.  Address ongoing audit issues ranging from audit interpretations of allowable costs, internal controls, access to records and CAS (Cost Accounting Standards).

Experts
  • Stephen Knight
    Member, Smith Pachter McWhorter PLC
    Mr. Knight has practiced government contract law in excess of 35 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 allocability an...
  • Chris Pockney
    Independent Consultant
    Chris Pockney has over 35 years of experience in Government contracts, primarily in the areas of contract pricing, accounting and administration. He provides advisory and training services to clients, primarily in the areas of contract pricing, cost accounting, contract administration and compliance...
  • Michael Steen
    Senior Director, CPA
    Mr. Steen is a Director with Redstone Government Consulting, Inc. He provides Government Contract Consulting services to our government contractors primarily related to cost accounting, financial compliance, and DCAA audit expectations. Prior to joining Redstone Government Consulting, Mr. Steen serv...
  • James W. Thomas
    James W. Thomas is a Partner in the Government Contractor Consulting Practice of Pricewaterhou...
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: 16.5 (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: 17.0 (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: Varies by state (60 minutes), (50 minutes)
Travel
The Flamingo Hotel
3555 Las Vegas Blvd S
Las Vegas, NV, 89109
7027333111
Hotel & Room Block Info

We have a room block secured at the Flamingo Hotel for Las Vegas Week.  Visit https://book.passkey.com/go/SFFPS1 to reserve your room. Group rate is $94 + taxes + daily resort fee of $35/room/night. You must make your reservation by Friday, August 10, 2021. Rooms are subject to availability.

General Information

Food & Beverage
Continental breakfast, lunch and afternoon coffee will be served.

The Westin Hilton Head Island
2 Grasslawn Avenue
Hilton Head Island, SC, 29928
8886278551
Hotel & Room Block Info

We have a room block secured for the Hilton Head weeklong event. For guest room reservations, click here. Group rate is $269 + taxes, plus a Resort Charge of $17/room/night (this is reduced from the normal $28/night). You must make your reservation by July 5, 2021. Rooms are subject to availability.

Government Per Diem

Government Per Diem

Please note that we have reserved a limited number of guest rooms at the government per diem. These rooms are limited to one attendee per qualifying company. You will be required to present a valid Government ID upon check-in to confirm use of the government rate. To make a reservation, click here.

General Information

Food & Beverage
During Hilton Head Week, we will be serving continental breakfast, lunch and an afternoon snack each day.

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.