Seminar
Cost Accounting Standards
Seminar Dates and Location Instructors
Contact us for In-House Training John Dyer and John Van Meter
Overview
The federal Cost Accounting Standards (CAS) apply to Department of Defense contracts as well as civilian federal agency contracts. CAS generally apply to mid and large size government contractors. Small business awards are exempt from CAS. The government established the CAS to provide uniform and consistent methods of accounting practices for contractors. Only certain federal government contracts and subcontracts are subject to CAS. Depending on the facts and circumstances of individual contract awards, at times it can be a challenge to determine CAS applicability. This course will cover the many facets of CAS from the determination of CAS coverage, to contract award, to compliance with individual standards, to the different types of price adjustments to CAS covered contracts/subcontracts.
There are a number of exemptions to contract/subcontract CAS coverage based on certain criteria. This course will cover these exemptions and provide emphasis on the complex exemptions. Some of the exemptions are straight forward and others may require detailed analysis of contract awards values. If CAS applies to a contract/subcontract, it will be subject to modified (four standards) or full (all 19 standards) coverage.
The seminar will provide an understanding of each of the 19 CAS. The treatment and handling of accounting changes is critical under CAS coverage. The course will cover what an accounting change is under CAS and the notification requirements to the government for changes. If accounting changes result in increased costs to the government, CAS covered contracts/subcontracts are subject to price adjustment. Additionally, CAS covered contracts/subcontracts are subject to price adjustment for non-compliance with CAS.
Click here for Seminar Agenda
Cost Accounting Standards
Seminar Dates and Location Instructors
Contact us for In-House Training John Dyer and John Van Meter
Overview
The federal Cost Accounting Standards (CAS) apply to Department of Defense contracts as well as civilian federal agency contracts. CAS generally apply to mid and large size government contractors. Small business awards are exempt from CAS. The government established the CAS to provide uniform and consistent methods of accounting practices for contractors. Only certain federal government contracts and subcontracts are subject to CAS. Depending on the facts and circumstances of individual contract awards, at times it can be a challenge to determine CAS applicability. This course will cover the many facets of CAS from the determination of CAS coverage, to contract award, to compliance with individual standards, to the different types of price adjustments to CAS covered contracts/subcontracts.
There are a number of exemptions to contract/subcontract CAS coverage based on certain criteria. This course will cover these exemptions and provide emphasis on the complex exemptions. Some of the exemptions are straight forward and others may require detailed analysis of contract awards values. If CAS applies to a contract/subcontract, it will be subject to modified (four standards) or full (all 19 standards) coverage.
The seminar will provide an understanding of each of the 19 CAS. The treatment and handling of accounting changes is critical under CAS coverage. The course will cover what an accounting change is under CAS and the notification requirements to the government for changes. If accounting changes result in increased costs to the government, CAS covered contracts/subcontracts are subject to price adjustment. Additionally, CAS covered contracts/subcontracts are subject to price adjustment for non-compliance with CAS.
Click here for Seminar Agenda