This 3-part webinar series will cover the overview and applicability, impact on your business segments and what is required if you want to make cost accounting practice changes. Additionally, we have included case studies to provide participants with hands on experience.

Regulatory compliance in the government contracting world changes on a frequent basis. Regulatory compliance authorities come in various forms; including, legislation, rule-making, regulation and agency-specific procedure, and it is important for contractors to stay on top of the current and changing environment.

Once a contractor has a contract subject to full CAS coverage, it is important to understand how to make a change to a disclosed cost accounting practice. This session will include a discussion of (Learning Objectives):  What is considered an accounting practice change?  What does not meet the definition of an accounting practice change?  What are common triggers for a cost accounting practice change? Additionally, the course will dive into cost impact proposals covering when a proposal is required, the timing for submission, and how impacts are calculated. The course also includes a case study for hands-on experience with a cost impact calculation.