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Overview

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/Locations
February 23-24, 2022
American Management Association
Arlington, VA
Travel Info
Standard: $1,325.00
Enhanced: $1,720.00
Register
June 21-22, 2022
American Management Association
Arlington, VA
Travel Info
Standard: $1,325.00
Enhanced: $1,720.00
Register
November 14-15, 2022
American Management Association
Arlington, VA
Travel Info
Standard: $1,325.00
Enhanced: $1,720.00
Register
Agenda
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

Agenda

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

Experts
  • 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 ar...
  • Anthony Kim
    Partner, Capital Edge Consulting
    Anthony Kim has more than 20 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, OMB Uniform Guidance, Generally Accepted Govern...
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: 13.0 (CPE) hours of credit
Program Level: Intermediate
Program Prerequisite: None
Advance Preparation: None
Method: Group-Live
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: 11.0 (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: 11.0 (60 minutes), 13.0 (50 minutes)
Travel
American Management Association
2345 Crystal Drive, Suite 200
Arlington, VA, 22202
5714812208
Hotel & Room Block Info

Federal Publications Seminars doesn’t have a room block for this location.  However, AMA offers special hotel rates at two nearby hotels: Hyatt Regency Crystal City; and Renaissance Arlington Capital View Hotel.

Hyatt Regency Crystal City

Click here to reserve using the AMA preferred rate. For AMA’s preferred rate enter corporate code 00433. 

Reagan National Airport
2799 Jefferson Davis Highway
Arlington, VA 22202
AMA Reservation Number 1-703-418-1234

Renaissance Arlington Capital View Hotel

Click here to reserve using the AMA preferred rate.

2800 South Potomac Avenue
Arlington, VA 22202
AMA Reservation Number 1-703-413-1300

General Information

METRO RAIL LINE:

Yellow & Blue Line – METRO Stop – Crystal City
From the METRO - AMA is 2 blocks east and 4 blocks south on Crystal Drive

http://www.amaconferencecenter.org/washington-directions-maps.htm

FOOD AND BEVERAGE
Coffee (regular & decaf), tea and water will be served throughout the day with an afternoon snack (baked goods) break.  Breakfast and lunch are on your own.

In-House
Bring Federal Publications Seminars to your location! If you would like to offer this course in-house, please contact us.
Schedule Training
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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.