Many Federal contractors initially find Cost Accounting Standards to be difficult to understand and navigate. Our experts break down the requirements so each participant can understand:  What is CAS?  When does it apply?  What is a Disclosure Statement? This session will discuss modified vs. full CAS coverage and will also provide a high-level overview of the standards by grouping and the connection between CAS requirements and the Federal Acquisition Regulation (FAR). Learning Objectives  What are the differences and requirements for Standard, Quick, and Early contract closeouts.  What are the eight steps for a Standard Closeout Contract Complete, Verification Forms, Reports, Resolution of Outstanding Issues Final Payment De-obligation of funds Completion Statements Past Performance File Disposal  What are the basic problems that are being experienced at every step.  How can those problems be addressed.  Why quick closeouts are popular in 2024 and the impact that that process is having on the backlogs

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.

Join us for an insightful webinar on the Cybersecurity Maturity Model Certification (CMMC). CohnReznick's team will share valuable experiences from implementing CMMC, provide updates on the latest rulemaking, and offer practical advice for best practices to help your organization navigate CMMC compliance with confidence. Designed for GovCon executives, accounting and finance departments, human resources, and project managers, topics to be discussed include:  Learn about the current status of rulemaking  Gain an understanding of the assessment process  Hear practical advice on how to gain certification

This session builds on CAS Overview and Applicability with understanding the impacts to an organization's business segments. The session begins with defining the difference between a business unit and a segment and explains the pros and cons of transferring materials, supplies or services based on both cost and price. Learning Objectives: Participants will learn about the applicability of Disclosure Statements to segments, including when a Disclosure Statement is required to be completed. The session also includes a case study which will provide hands-on experience with a sample Disclosure Statement.

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.

As a contractor, you may be subject to certain requirements related to your accounting system. This program will cover the Pre-Award Survey (Standard Form 1408) as well as the DFARS Accounting System Rule including Timekeeping, Labor Distribution and Billing. Learning Objectives: By the end of the webinar you should be able to:  Understand a pre-award accounting system survey and its purpose in the federal-award process;  Identify the objective of the accounting business system and its common criteria;  Apply the accounting system adequacy attributes to real-world examples;  Recognize which accounting subsystems are covered in the Defense Contract Audit Manual (DCAM); and  Be aware of potential issues when implementing new accounting systems.

Join Federal Publications Seminars and Capital Edge Consulting for our ninth year of Procurement University--a comprehensive 9-part series of online classes covering the critical elements of accounting and pricing of Federal Government contracts.

This session will discuss the impact of estimating systems on the accounting and pricing functions. We will cover the Estimating System adequacy criteria contained in the DFARS business systems rule, material weaknesses and significant deficiencies, cost vs. price analysis, basis of estimate (BOE), and what DCAA looks for in the audit process. Learning Objectives: By the end of the webinar you should be able to:  Understand cost estimating system requirements and how they are implemented;  Identify where to locate specific DCAA audit programs which relate to estimating;  Maintain up-to-date information of the threshold for obtaining certified cost or pricing data;  Describe multiple forms of acceptable cost or pricing data and when certification is required;  List the basic Basis of Estimate (BOE) components and develop an estimating technique; and  Understand common estimating challenges.

This session will provide an overview of the reviews and audits conducted by the Defense Contract Management Agency (DCMA) and Defense Contract Audit Agency (DCAA). Learn about the types of audits, how to address the audit process, and how to deal with audit positions and written findings. Learning Objectives: By the end of the webinar you should be able to:  Be able to describe the similarities and differences between a review and an audit;  Understand what areas DCAA is responsible for auditing and DCMA is responsible for reviewing;  Understand the current DCMA and DCAA initiatives and how they impact the contracting industry;  Recognize potential challenges and corresponding mitigation strategies for auditees; and  Understand current auditor expectations and challenges.