Training & Events

Upcoming Government Contractor Events

• 26AugEstimating Systems and Defective PricingThis virtual course provides an in-depth look at the FAR and DFARS requirements for implementing and maintaining an adequate estimating system, preparing acceptable forward pricing proposals, and methods and procedures for assessing and minimizing the risk/vulnerability of adverse defective pricing findings from Truth in Negotiations Act violations. The primary focus of this course is on implementing and maintaining an adequate estimating system to take a proactive posture to defective pricing prevention. It is recommended for financial and manufacturing personnel who provide input to or rely on output from the estimating process for proposal preparation, and those individuals who are responsible for conducting internal estimating system compliance reviews. Learning Objectives
  - The nature, intent, and requirements of the Truth in Negotiations Act (TINA)
  - Underlying causes for common defective pricing findings
  - The relationship of Truth In Negotiations Act (defective pricing) and estimating
  - The nature and intent of estimating system requirements
  - The interrelationships between estimating and other systems
  - Attributes of an adequate estimating system
  - Estimating deficiencies that lead to defective pricing
  - The government's approaches to proposal auditing, estimating systems surveys, and postaward (defective pricing) reviews
  - Techniques for preparing and supporting estimates
  - Profit considerations
  - Strategies for avoiding or minimizing the effect of adverse audit findings. Virtual Aug 26 - Aug 2710:00 am - 5:00 pmLearn More »
• 15SepA Practical Guide to the Incurred Cost Submission (ICS)Government contractors subject to an Allowable Cost and Payment contract clause must submit an adequate incurred cost proposal together with supporting data for each fiscal year within six months after the end of those fiscal years. To establish final indirect rates and direct contract costs consistent with these important procurement provisions, contractors must understand all components of an adequate incurred cost proposal and the costs that must be included within these submissions. This course focuses on what contractors must know about the Incurred Cost Submission, ICS, including analysis of ICS Model Schedules, Contract Costs, and Rate Structures. This workshop is designed to show contractors how to identify and capture all allowable costs that may be claimed for reimbursement in the prescribed format consistent with FAR Part 42 requirements, and mitigate the risk of audit problems and issues. The instructors will provide a detailed, step by step guide to the preparation and development of the Incurred Cost Submission ICS. It begins with an explanation of accounting requirements such as the rules for allowability and allocability required to facilitate the successful completion of an ICS. The workshop also analyzes the different types of indirect rate structures used by contractors and delineates how companies should develop and present indirect rate structures and claimed costs as a part of these submissions. Through the use of a case study and exercise, workshop attendees will prepare and develop a company ICS. Students will learn critical data points, supporting documentation, and how to reduce audit risks when these submissions are reviewed. In addition, the workshop will cover the Incurred Cost Electronic model ICE, the electronic version of the model incurred cost proposal, and learn how it should be filed. Whether you have been doing business with the Federal Government for many years or have just won your first contract award, you will be provided with the skills and tools that will help to ensure that your submission is accurate, adequate, and complete. Who should attend:
  CFOs, Directors, Managers in functional areas of Contract Administration, Accounting, Finance, Compliance and Consulting. Any organization who are required to submit their incurred costs to the Federal Government Learning Objectives:
  - Prepare an Incurred Cost statement
  - Understand and apply the rules around allowability
  - Understand and apply the rules with allocability
  - Correctly identify data points to complete an ICS
  - Effectively use the Incurred Cost Electronic model correctly Planet Hollywood
  3667 Las Vegas Blvd South
  Las Vegas, NV, 89109
  8669197472
  caesars.com Sep 15 - Sep 168:00 am - 3:00 pmLearn More »
• 17SepThe Masters Institute in Cost Accounting StandardsThis course will focus on advanced CAS matters to educate participants to assess the issues and risks, understand what is required, and explore the gray areas to make the best decision in each circumstance. Participants will enhance their knowledge of select advanced CAS matters, including the legal interpretations of these matters, so they can be applied to specific situations. This course will focus on various advanced compliance challenges the CAS presents, including advanced legal and administrative issues, cost allocation concepts, allowability vs. allocability matters, accounting for pensions, and fixed asset accounting. Presented by a team of compliance and legal professionals, this course is designed to be highly interactive between the instructors and participants to explore the complex compliance challenges that arise from being subject to the CAS. Each area presented in this course will be explored from an accounting and a legal perspective, using relevant case law to highlight common areas of dispute and the resulting legal interpretation. Some of the advanced CAS matters addressed in this course include: CAS applicability issues
  - ow to determine the applicability threshold
  - Complexities involving contract types, including hybrid contracts
  - Special considerations for subcontractors Interpretation and promulgation process Organizational Structure
  - Business unit definition
  - Organizational changes
  - Restructuring Complex requirements, common areas of noncompliance, and resolution of disputes related to:
  - Consistency Standards (401, 402, 405, 406)
  - Allocation Standards (403, 410, 418, 420)
  - Compensation Standards (408, 412, 413, 415)
  - Fixed Asset Standards (404, 409, 414, 417)
  - Other Standards (407, 411, 416) Cost accounting practice changes
  - Cost impact process
  - Types of changes
  - Grouping of changes
  - Offsets
  - Affected contracts
  - Common areas of difficulties and disputes Disclosure Statement filing requirements and other required CAS disclosures
  - Disclosure requirements
  - Quality and substance of disclosures
  - Statute of limitations Participants will gain an in depth understanding of these areas so they are able to comply with the complex requirements of the CAS and avoid common pitfalls by anticipating and resolving potential problems. Learning Objectives:
  - Develop applicability thresholds
  - Define and analyze complex contracts, including hybrid contracts
  - Apply advanced application of CAS requirements
  - Receive an update on CAS Board and other governing bodies' decisions
  - Apply cost impact analysis
  - Determine types of changes
  - Recognize offsets
  - Investigate areas of potential disputes
  - Manage the disclosures and their requirements of what to disclose
  - Have an awareness of the statute of limitations
  - Resolve disputes based on prior actions Planet Hollywood
  3667 Las Vegas Blvd South
  Las Vegas, NV, 89109
  8669197472
  caesars.com Sep 17 - Sep 188:00 am - 3:00 pmLearn More »
• 17SepDCAA Contractor Business Systems and Internal ControlsIn 2009, the Commission on Wartime Contracting issued a special report on contractor business systems. This report highlights the Commission’s principal conclusion: “Contractor business systems and internal controls are the first line of defense against waste, fraud and abuse.” This report set in motion the promulgation of the Defense Federal Acquisition Regulation Supplement (DFARS) Business Systems Rule, which was finalized on February 24, 2012. This course focuses on the development of internal controls for compliance with the DFARS defined Business Systems: Accounting, Estimating, Material Management and Accounting System (MMAS), Earned Value Management (EVM), Purchasing, and Property. The course emphasizes the role of the Defense Contract Audit Agency (DCAA) in auditing and evaluating contractors’ internal controls. In fact, DCAA has continuously developed new audit programs for assessing contractors’ compliance with the detailed requirements of the DFARS. This has been an evolution that has resulted in shifting emphases by DCAA up to and including the present time. The Defense Contract Management Agency (DCMA) has similarly adjusted its review criteria as well. The instruction provides recommended and proven approaches to develop, maintain, and monitor internal business system controls for compliance with Government contract requirements including FAR and DFARS business system requirements. This course is recommended for those individuals who have a fundamental or better background in negotiated government contracting, and government contract regulatory compliance related responsibilities. It will benefit individuals with responsibilities for developing and conducting internal compliance audits and oversight reviews as well as contractors who wish to establish, improve or update existing systems of internal controls. Overall, this course will enhance skills in government contract compliance risk management. Who should attend:
  - Compliance Professionals
  - Audit and Internal Controls Professionals
  - Finance and Accounting Professionals
  - Small Business professionals
  - Prime Contractors
  - Contract Managers and Administrators
  - Senior Level Contracts Professionals Learning Objectives:
  - Understand the nature and intent of business systems compliance requirements
  - Create Internal control risk management and compliance models
  - Develop Inter-relationships between accounting and other related systems
  - Understand The types of compliance internal controls
  - Recognize indicators of risk/vulnerability and potential non-compliance in business systems
  - The adequacy qualities, government oversight approaches and significant compliance issues related to various business systems. Planet Hollywood
  3667 Las Vegas Blvd South
  Las Vegas, NV, 89109
  8669197472
  caesars.com Sep 17 - Sep 188:00 am - 3:00 pmLearn More »