Cost Accounting Standards (CAS) are a very onerous set of requirements that apply to certain Government contracts. However, if you are currently performing under flexibly priced and/or negotiated contracts, most of the standards are incorporated through the Federal Acquisition Regulation Part 31 anyways. Why do contractors fear CAS? CAS requirements go beyond just the Standards!

This 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.

Learning Objectives:

• Overview and Applicability
  • What is CAS?
  • Types of Coverage
  • Overview of Standards
• Impact on Business Segments
  • Business Segment Overview
  • Definitions
  • Impact on Specific Types of Cost (FAR 31.205-26)
  • Disclosure Statement Applicability to Segments
• Cost Accounting Practice Changes and Cost Impacts
  • What is considered a cost accounting practice change
  • Examples of accounting practice changes
  • What may trigger a change in cost accounting practice
  • FAR 52.230-2 CAS Clause Requiring Price Adjustments
  • FAR 52.230-6(c) Requirement to submit cost impact proposal
  • CAS Study