Seminar
FAR Cost Allowability and Indirect Rate Structures
Seminar Dates and Location Instructors
Contact us for In-House Training John Dyer and John Van Meter
Overview
Part 31 of The Federal Acquisition Regulation (FAR) provides detailed requirements for cost allowability and cost accounting for non-commercial federal contracts. Some of the cost principles regarding cost allowability are clearly understood while others may be open to some interpretation (gray areas). FAR Part 31 also covers direct and indirect costs and the principles for indirect expense rates (e.g. overhead and G&A expense rates).
Cost allowability criteria will be addressed for each of the 52 cost principles under FAR 31.205. Seminar attendees will obtain an understanding of the types of costs that are considered "gray areas." Our instructors will provide real life examples from their years of consulting experience. There are specific requirements for unallowable cost accounting treatment. The course will explain the FAR cost principles that require certain Cost Accounting Standards (CAS) to be followed. Some CAS requirements are incorporated into FAR Part 31 and these CAS apply whether or not the contract/subcontract is subject to CAS coverage.
Although FAR Part 31 addresses direct and indirect costs. It does not specify the indirect rate structure required for government contractors. General cost accounting and cost allocation principles are provided that need to be followed by government contractors. The seminar will provide examples of the many different cost allocation and indirect rate structures available for federal contracting under FAR Part 31. The course will also cover the lifecycle of indirect expense rates from provisional billing to final indirect cost rates (incurred cost submissions) and contract closeout.
Click here for Seminar Agenda
FAR Cost Allowability and Indirect Rate Structures
Seminar Dates and Location Instructors
Contact us for In-House Training John Dyer and John Van Meter
Overview
Part 31 of The Federal Acquisition Regulation (FAR) provides detailed requirements for cost allowability and cost accounting for non-commercial federal contracts. Some of the cost principles regarding cost allowability are clearly understood while others may be open to some interpretation (gray areas). FAR Part 31 also covers direct and indirect costs and the principles for indirect expense rates (e.g. overhead and G&A expense rates).
Cost allowability criteria will be addressed for each of the 52 cost principles under FAR 31.205. Seminar attendees will obtain an understanding of the types of costs that are considered "gray areas." Our instructors will provide real life examples from their years of consulting experience. There are specific requirements for unallowable cost accounting treatment. The course will explain the FAR cost principles that require certain Cost Accounting Standards (CAS) to be followed. Some CAS requirements are incorporated into FAR Part 31 and these CAS apply whether or not the contract/subcontract is subject to CAS coverage.
Although FAR Part 31 addresses direct and indirect costs. It does not specify the indirect rate structure required for government contractors. General cost accounting and cost allocation principles are provided that need to be followed by government contractors. The seminar will provide examples of the many different cost allocation and indirect rate structures available for federal contracting under FAR Part 31. The course will also cover the lifecycle of indirect expense rates from provisional billing to final indirect cost rates (incurred cost submissions) and contract closeout.
Click here for Seminar Agenda