In this session, we will discuss Cost Accounting Standards (CAS) including both full and modified CAS coverage. You will learn about each of the standards, applicability, exemptions, and CAS administration issues such as changes to cost accounting practices. Learning Objectives: By the end of the webinar you should be able to:  Understand the purpose of Cost Accounting Standards (CAS);  Identify the specified exemptions to CAS;  Analyze whether or not a contract is subject to CAS based on contract clauses and thresholds and if covered, whether modified or full coverage is required; and  Have a basic understanding of the cost accounting practice changes.

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.

Since January 2025, President Trump has signed over 125 Executive Orders - many of which directly or indirectly affect the government contracting industry. These orders range from "Establishing the Department of Government Efficiency" and "Reforming Foreign Defense to Improve Speed and Accountability," to "Restoring Common Sense to Federal Procurement." Among this barrage of Executive Orders, is other information released by agencies such as employee terminations, CMMC 2.0 rollout, and the elimination of whole departments within agencies and the consolidation of purchasing/acquisition offices. With so many rapid changes, disruptions and noise, FPS is offering you the opportunity to talk directly with stakeholders and subject matter experts. This panel is designed to help sort out the current situation and get a glimpse of the future for the industry. This 90+ minute panel features FPS industry specialists who stay current on all the latest trends and can help make sense of and navigate these critical issues contractors are facing. Our panel will discuss:  Executive Orders directly impacting the industry including: - Executive Order 14275 - "Restoring Common Sense to Federal Procurement" AKA - "FAR 2.0"  Impact of various Tariffs  Updates to Audits and Reviews  Cybersecurity Updates This event is not eligible for CLE/CPE credits.

In this session, we will focus on the CAS administration requirements for reporting and documenting the cost impacts of changes to cost accounting practices. To do this, we will take a deeper look into the Disclosure Statement, including its components, applicability, and the process necessary when changes in accounting practice require a disclosure statement revision. Learning Objectives: By the end of the webinar you should be able to:  Understand how and when to file a Disclosure Statement;  Possess a general understanding of the components of a Disclosure Statement (Parts I to VIII);  Identify a cost accounting practice change; and  Understand the criteria required for an adequate Disclosure Statement.

This is session 1 of 2 in the Terminations for Convenience and Default Webinar Series. Given enough time in the government contracting business, any contractor either might be terminated (one hopes for convenience) or have come close. This webinar will explain in plain English how the termination provisions work and will offer practical advice on how best to position yourself to avoid or deal with a termination. Learning Objectives:  This initial session will cover the following topics.  The Government's Right to Terminate for Convenience  So, now it becomes a Cost Contract  The Clauses and the "Christian Doctrine"  Cause: Evolution of the Govt's Discretion  Termination Mechanics and the Parties' Obligations  The Underlying and Essential "Fairness Principle" of FAR 49.201  Termination Costs, Settlement Expenses, and the Settlement Process  Subcontractor Claims  The Elusive Pot of Gold: The Loss Ratio

This 2-part webinar series will explain in plain English how the termination provisions work and will offer practical advice on how best to position yourself to avoid or deal with a termination.

Hear updates from compliance, legal, and cybersecurity professional who specialize in the GovCon marketplace. From pre-award and administration to audits, get the information you need to prepare your business better to win, execute, and deliver goods or services to the federal government. Discussions will include compliance challenges for small and medium-sized businesses; a refresher on legal best practices and any updates on caselaw or implementation that will affect your business; and both current state and looking forward cyber requirements. Check back frequently for an updated agenda.

This is session 2 of 2 in the Terminations for Convenience and Default Webinar Series. Given enough time in the government contracting business, any contractor either might be terminated (one hopes for convenience) or have come close. This webinar will explain in plain English how the termination provisions work and will offer practical advice on how best to position yourself to avoid or deal with a termination. Learning Objectives: This second and final session will cover the following topics:  A Drastic Sanction: The Bases for Default Terminations  Failing to Deliver on Time & Government Waiver of a Due Date  Failing to Meet Specifications  Failing to Make Progress  Distinguishing Show Cause and Cure Notices  Failing to Perform Other Requirements, A Broad Reach  Importance Of the CO's Discretion and Accurate Information  Contractor Defenses, Excusable Delays, and The Effect of Constructive Changes  Remedies: Reprocurement Costs Are Not Your Greatest Threat

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.

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.