The session provides an overview of the cost impact process, with a specific focus on the parties involved in the review and audit, along with expectations from DCAA. We will discuss the factors that contribute to a cost accounting practice change and the requirements to submit a Cost Impact, including identifying the change, determining the impact population, calculating the impact and driving toward resolution. We will touch on many of the key deliverable expectations included in DCAA's Cost Impact Adequacy Tool and likely areas of emphasis during the audit. Learning Objectives:  Overview of the Cost Impact process, including parties involved  Characteristics of a Cost Accounting Practice Change  Understanding the difference between a General Dollar Magnitude and a Detailed Cost Impact  Common risk factors to think about that may be raised during a Cost Impact proposal audit  Overview of DCAA's Cost Impact Adequacy Tool

The session provides guidance on how to navigate a DCAA accounting system audit. The webinar takes a lifecycle approach. It begins with understanding the different accounting system and associated audit requirements, to supporting the audit process, through audit reporting and corrective action. This course emphasizes the practical realities of an accounting system audit by offering tips and tricks to get out in front of audit findings, managing auditor/auditee relationships, avoiding common pitfalls, and facilitating timely corrective action if adverse audit findings surface. Learning Objectives:  High-level overview of the accounting system requirements  Understanding and differentiation of accounting system audit types and associated approaches  Developing strong working relationships with DCAA  Common DCAA data requests to expect and the rationale behind them  Sensitive areas and common contractor pitfalls during accounting system audits  Tips and tricks to get in front of potential audit findings and facilitate timely corrective action

Regulatory compliance in government contracting is constantly evolving, requiring contractors to stay informed about legislative, regulatory, and agency-specific changes. In this webinar, JAMIS Software welcomes expert guest speakers from Capital Edge Consulting and Berenzweig Leonard to break down the most critical compliance updates for Q1 2025. Key topics include:  The reclassification of "Significant Deficiency" to "Material Weakness" in contractor Business Systems (90 FR 5725) and its impact on compliance requirements.  Update on President Trump's Executive Orders impacting Federal Contractors.  What to do if you receive a Stop Work Order, Suspension of Work Order, or Terminations, and how to prepare Requests for Equitable Adjustments (REAs) and Termination Settlements.  Pricing tariffs and their implications for government contract costs.  Regulatory updates on cost and pricing in the 2025 NDAA, changes to Cost Accounting Standards (CAS). Learning Objectives: By the end of this session, participants will gain insight into the latest legislative, regulatory, and audit guidance actions affecting government contract compliance. They will be able to identify key challenges and prepare for the regulatory landscape in the months ahead.

Join CohnReznick's multi-disciplined, experienced compliance and audit team accompanied by a leader in the federal contracting legal community as they share insights on the latest federal executive orders and policy changes that are significantly impacting the federal contracting and assistance-receiver community. The panel will also discuss best practices for minimizing risk and maximizing cost recovery in case of a work suspension or termination. Designed for executives and professionals in accounting, finance, legal, HR, project management, and compliance at federal contracting firms and organizations receiving federal assistance, the panel will discuss:  Trump Administration Executive Orders since January 2025  Significant OMB and other large federal agency guidance related to acquisitions and federal assistance (including grants)  Impacts to small business programs  Best practices related to preparing for a suspension, stop-work order, delay, and partial/full termination

Completing the benchmark which we call the Disclosure Statement involves a multidisciplinary team comprised of functional areas that may include Accounting/Finance, Human Resources, Treasury, Program, and Pricing members. In this session, we walk through the Disclosure Statement -- Specifically, the cover sheet, eight parts of the Disclosure Statement, and the continuation sheet. We'll describe the resources supporting each section and the requirements.

A contractor's Disclosure Statement is its benchmark for conducting business with Uncle Sam. We'll kick off this web series with an overview of the CASB Disclosure Statement. Specifically, we'll discuss the applicability and trigger requirements for CAS and the Disclosure Statement. Next, we'll discuss the Disclosure Statement and define the cost accounting practices described within it. The first session will preview the web series and establish the foundation for the following 3 sessions, where we delve into greater detail and provide perspective on some of the most often raised compliance challenges.

Join the authors of the GAUGE Report for the final 2024 results, based on the GAUGE Survey, where 1,255 contributors provided answers in five main areas of contracting: government contract compliance, accounting, utilization, growth, and efficiencies. The webinar presenters will share new data on improving company compliance and efficiencies, including cash flow, project management, labor resources, indirect rates, and, most of all, applying AI insights to accelerate businesses' profitability. Designed for GovCon executives, accounting and finance departments, HR managers, IT managers, and operations, this webinar will also cover:  Current market dynamics and key organizational issues, opportunities, and challenges  Business and project management outlook, performance, and operations metrics  Compliance and audit experiences, costs, and key metrics  Noteworthy trends and actionable steps for addressing industry issues, with a focus on AI enablement  AI Maturity Model: Six steps to kick start your AI strategy, data usage & confidence, tools, and integration

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.

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.

Don't miss the opportunity to become an expert in navigating the complexities of FAR 31.201 with our comprehensive webinar, tailored specifically around Unallowable Costs! Here's why you should grab your virtual seat:  Demystify FAR 31.201: Get an in-depth walkthrough of the Federal Acquisition Regulation (FAR) that governs Unallowable Costs.  Comprehend Unallowable Costs: Obtain a clear-cut understanding of what constitutes Unallowable Costs and why they matter to you.  Classify Unallowable Expenses: We'll take you through the various types of Unallowable Costs, providing the knowledge to identify them with ease.  Master Accounting Practices: Learn the ropes of properly accounting for Unallowable Costs, ensuring your organization's financial compliance.  Avoid Costly Mistakes: Uncover potential penalties and safeguard your organization by staying ahead of compliance issues related to Unallowable Costs.  Audit with Confidence: Gain valuable insights into the auditing process of Unallowable Costs to help streamline your company's operations. This webinar is an invaluable investment for those looking to refine their accounting skills, ensure compliance in their financial reporting, and steer clear of the hurdles associated with Unallowable Costs. Make sure to reserve your spot now-your expertise is just a webinar away!