Government Contracting Accounting Guides

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Government Contracting Accounting Guides document sample

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							       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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