Indirect Costs refer to the cost associated with running the business and supporting direct projects, but cannot themselves be defined as direct costs (e.g. finance, legal, facilities, IT, fringe benefits). The Federal Government allows for reimbursement of these costs and contractors have flexibility in how their indirect costs are structured and applied to direct contract costs. Throughout the contract life cycle and fiscal year, there are several types of indirect rate calculations used. In this program, you will learn about indirect rate structures, the Forward Pricing Rate Proposal (FPRP), DCAA's FPRP Checklist, billing rates and the final indirect cost rate proposal process. Learning Objectives: By the end of the webinar you should be able to:  Differentiate between direct and indirect costs using real examples;  Define two-tier and three-tier rate structures;  Identify three types of G&A allocation bases;  Understand the Forward Pricing Rate Agreement process; and  Determine when an Incurred Cost Proposal (ICS) is appropriate and how it is utilized.

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.