This virtual course is being broadcast simultaneously from the FPS classroom/in-person version of this course.

Join highly experienced faculty for this practical and informative 1.5-day virtual course focusing on cost allowability, allocability, and reasonableness under the Federal Acquisition Regulation.

Some featured topics of discussion:

• Penalties for unallowable costs are on the rise. Learn when penalties are appropriate and when they must be waived.  
• Learn about “Gray area” costs that have proven to be a frequent source of dispute between contractors and government auditors.  
• How does the statute of limitations affect the government’s ability to disallow costs?  
• To what extent must contractors retain records beyond the FAR records retention requirements in order to support an untimely government audit?

• Apply FAR Part 31 cost principles
• Evaluate cost reasonableness
• Research cost allowability
• Identify unallowable costs
• Recognize and avoid penalties
• Keeping accurate records
• Define and calculate claims accrual