It’s a given our cost accounting practices dictate Government contract accounting and accumulation. Additionally, they serve as the foundation for our contract pricing and reporting. That’s right, from contract pricing through contract close out, our cost accounting practices are the foundation of cost-based acquisition. Yet what is a cost accounting practice and what happens when we change our cost accounting practices?  

This series will unpack cost accounting practices. Exploring the contract accounting, pricing, and compliance implications. We’ll begin by defining cost accounting practices, comparing to our financial accounting, and illustrating with examples.  After establishing the basics, we’ll explore the implications for CAS and non-CAS covered contracts.  

First offered in March 2022, this series will include new examples and information not previously addressed to include:  intercompany transactions and home office allocations.

Each 90-minute session will acquaint the participant with a different aspect of cost accounting practices and offer 1.5 hours of CPE. We’ll navigate the lifecycle of cost accounting practices from defining, identifying changes, measuring the changes, and supporting customer review and audits to support settlement alternatives.  


 

Register for the entire series or join us for an individual webinar that suits your business needs. Each session will briefly recap the material covered in previous session(s) and then delve into new material to enable a comprehensive discussion of the unique cost accounting practices requirements imposed by Uncle Sam.

Deb Nixon will be our instructor for this 4-part webinar series. With over 30 years of experience as a career dedicated Government contracts practitioner, Deborah is the founder of Crosshair Advisors, and a retired Partner with Ernst & Young’s Government Contract Services practice where she worked for 25 years. Before joining EY, she held management positions with both large and emerging growth contractors including Motorola and General Dynamics.

As a licensed Certified Public Accountant (CPA) in Florida, Washington, DC, and Virginia, she was elected to two terms on the GWSCPA Board of Governors, where she chaired the Government Contracts Council.  Currently Deborah serves as a member of the Board of Advisors for Federal Publications Seminars.

Her educational credentials include a Masters of Business Administration in Strategy and Entrepreneurship from University of North Carolina’s Kennan-Flagler Business School where she was a Fellow and an honor student inducted into the Beta Gamma Sigma honor society; Bachelor’s Degrees in Finance and Economics from University of Maryland; Attended American University’s graduate accountancy program; and holds a certificate in Corporate Governance and Board Effectiveness from Northwestern University, Kellogg School of Management.