Government Contracting Accounting Guides
Description
Government Contracting Accounting Guides document sample
Document Sample


Contracting with the Federal Government
If you are serious about doing business in the federal government sector,
this education series is for you!
The Contracting with the Federal Government Certificate Program is designed for government contracting
professionals to proactively ensure that their business operations remain compliant with current federal
standards. This comprehensive program includes five in-depth courses taught by instructors with strong
backgrounds in government contracting. Course
content is drawn from Deltek’s experience in diverse
government contracting environments. This program
is taught in an academic setting at Mason’s Herndon
Training Center and also can be scheduled for group
training and delivered at the time and location of
your choice.
All courses qualify for 1.3 CEUs and 16 CPEs and may
also lead to a George Mason University certificate.
Content focuses on recent government contracting
trends, including the current regulatory environment,
as well changes to the Federal Acquisition
Regulations (FAR) and Cost Accounting Standards
(CAS). These two day courses include course
material, examples, and resource materials.
Courses are scheduled throughout the year and can be taken alone or completed as a series to earn a
George Mason University Certificate of Completion in Contracting with the Federal Government.
Benefits of Attending Who Should Attend
Expand your knowledge and clarify processes Experienced professionals who are new or
nearly new to government contracting or
Gain valuable information and guidance
professionals in need of a refresher:
Develop a better understanding of government • Division Managers
contracting
• Contract Administrators
Obtain insight from course participants • Business Managers
Learn from real world examples of government • Project Managers
contracting • Controllers
• Accounting Managers
Convenient location in Herndon, VA near Dulles
Airport • Staff Accountants
• CFOs
Earn CPEs, CEUs and a George Mason University
Certificate of Completion
Enroll today!
For a complete schedule of courses or to enroll,
visit www.ocpe.gmu.edu or call 703-993-4800.
George Mason University - Office of Continuing Professional Education, 2214 Rock Hill Road, Suite 400, Herndon, Virginia 20170 703-993-4800
Summer/Fall 2010 Course Schedule
Government Contracting Fundamentals - $995 of policies and procedures that will pass audit, and ways to
limit the scope of audits. The course addresses government
billing requirements, revenue recognition, the importance of
This two-day course provides an overview that introduces the coordination between contract administration and accounting,
participants to characteristics of the government contract internal reporting for project managers, and ways to maximize
environment. The course provides information on the essentials of cost recovery.
government contracting, a description of unique characteristics
and terminology of government contracting, and the various Topic Highlights
roles of government personnel. The participant will learn • Accounting Requirements
about case treatment concepts, the theory of indirect rates, • Accounting for Major Contract Types
how to read the FAR and CAS, major regulatory compliance • Revenue Recognition
requirements and the audits that arise from them. Additionally, • Reporting
this course provides the participant with an overview of the • Auditing Government Contracts
procurement cycle, how to read a government contract, and an • The Incurred Cost Submission
overview of the current regulatory environment. This course sets
that agenda for the rest of the series.
Topic Highlights
Timekeeping and Labor Regulations for Federal
• Characteristics of the Government Contract Environment
Contractors - $995
• Doing Business with the Federal Government
• Government Contract Legislation and Regulations
This two-day course covers timekeeping and labor regulations
• Government Contracting Reference Materials
for federal contractors. The federal government regulates
• Government Contract Compliance Factors timekeeping in accordance with the FAR and CAS. This course
• Government Contracting Acquisitions serves as a guide through those specific regulations as well as
• Government Contract Structure best practices for labor and compliance. As a federal contractor
it is not just timekeeping that makes labor compliant. This course
guides the participant through writing policies and procedures,
Federal Acquisition Regulations (FAR) and Cost laws that govern wages, audits and how to prepare employees
Accounting Standards (CAS) - $1195 for audits. This course is beneficial to company personnel who are
new to government contracting and want to assist their workforce
into a world of labor compliance.
This two-day course covers the history of the Federal Acquisition Topic Highlights
Regulation (FAR) and Cost Accounting Standard (CAS), current
regulation highlights and effects, proposed changes and the • Laws and Acts
applicability and effect of FAR clauses and CAS standards. • Company Policy and Procedures
Concepts such as allowability, allocability and reasonableness • Timekeeping Roles and Compensation Policies
are explored. The course also provides an overview of disclosure • Labor Accounting Methods and Procedures
statements, cost impact statements, determination of CAS • Internal Control Systems and Policies
coverage, and why it doesn’t matter in audits. Case studies • Non-Compliance Factors and Issues
further illustrate the important concepts in complying with
government regulations.
Federal Contract Procurement Cycle - $995
Topic Highlights
• The History, Authority and Structure of the FAR
• FAR Part 15: Negotiated Contracts This two-day course covers the government procurement
• FAR Part 31: Cost Principles cycle. The process begins with the Congressional appropriations
• FAR Part 49: Terminations process, then follows the appropriations process through agency
• Overview of CAS budgets, and finally to acquisition commitments. Different types
• CAS Standards - Modified Coverage of procurement actions are discussed, with heavy emphasis on
• Other CAS Standards Contract by Negotiation. The Bid and Proposal process, pre-
• Disclosure Statements award audits, Best and Final Offers (BAFOs) and award protests
are reviewed including the provisions of the Truth in Negotiations
Act and contractor responsibilities for compliance. Applicability
of Defective Pricing and of the False Claims Acts are covered and
Accounting for Federal Contracts and Dealing include exercises, examples and case studies.
with Audits - $995
Topic Highlights
• The Contract Negotiation Process
In this two-day course, the emphasis is placed on accounting • The Proposal Evaluation Process Register
for services as distinguished from traditional manufacturing cost • Defective Pricing for the entire
accumulation systems. This course covers direct and indirect cost • Contract Disputes program
classification, pooling, and the role of DCAA in audits, contractor • The Appeal and Litigation Process (5 courses)
surveillance, internal control requirements, and cost accumulation • Contract Close Out Procedures for a discoun
standards for automated accounting systems. Participants take
t
rate of $4,225
an in-depth look at incurred cost submissions, the development !
George Mason University is registered with the National
Association of State Boards of Accountancy (NASBA), as a Two day courses meet each day
sponsor of continuing professional education on the National from 8:30 am to 4:30 pm.
Registry of CPE Sponsors. State boards of accountancy have final
authority on the acceptance of individual courses for CPE credit.
Complaints regarding registered sponsors may be addressed to Enroll Now! Call 703-993-4800 or www.ocpe.gmu.edu
the National Registry of CPE Sponsors, 150 Fourth Avenue North,
Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org
George Mason University - Office of Continuing Professional Education, 2214 Rock Hill Road, Suite 400, Herndon, Virginia 20170 703-993-4800
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