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Overview

You've got to understand something before you can work with it. . .before you can make it work for you...before you can succeed. That idea is what this special course is all about:

Understanding Overhead in Government Contracts

Developed by Federal Publications Seminars, the program is styled (a) for contractors' non-accountant representatives who are involved in the dollar-business of bidding on Government contracts, submitting proposals, planning and monitoring performance, and prosecuting claims; and (b) for Government non-accountant representatives charged with reviewing or contesting the appropriateness of contractors' costs. It's based on the premise that non-accountants generally do not feel comfortable with the concept of overhead, although they do realize that to a large degree (often exclusively) overhead treatment can make or break a venture.

So, as detailed in the agenda, the distinguished Course Faculty, supplemented by the exclusive Course Manual, will explain: the nature of overhead vs. direct costs: varieties of overhead; what can/should be included in overhead: composition of overhead pools; allocation/liquidation of overhead; changes in overhead systems; Government requirements and Government audits; maximum recovery techniques; and more. They will, in short, do all they can to assure that you understand overhead so that you can more readily control it...justify it... recover it.

Learning Objectives: 

  • Apply principles of cost overhead
  • Understand the role of overhead 
  • Determine the difference between overhead and other costs
  • Identify direct vs indirect costs
  • Determine correct cost determinations based on legal and regulatory guidance

We cannot promise that even after spending two days of intensive study with us you'll think of overhead as something simple or consistently clear to work with. But we are certain that, at the least, this special course will substantially increase your ability to make overhead work for you. We invite you to join us.

Dates/Locations
No upcoming dates/locations at this time
Agenda
9:00 AM - 4:00 PM

The Course Curriculum

DAY ONE

9am to 4pm 

1. Role of Overhead in Government Contract Costs  and Pricing

2. Accounting for Overhead versus Managing Overhead

3. Government Business Systems

4. Government Business Relationships

• DCAA v. DCMA

5. What is Overhead

6. What is an Overhead Rate

7. Audits of Overhead

8. Direct versus Indirect Costs

• Definitions

• Criteria

• CAS 401

• Disclosure Statement

• CAS 402

9. CAS 403

• Home Office

• Segment

• Homogenous Cost Pool

• Service Centers

• Allocation Bases

• Residual Costs

10. CAS 418

• Direct Costs

• Homogenous Indirect Cost Pools

• Allocation Bases for Overhead

• Allocation Bases for Service Centers

• Accounting for Variances

 

DAY TWO

9am to 4pm

1.     Introduction

2.     Contract Clauses Governing Overhead Recovery

3.     Regulations on Billing Rates and Final Indirect Rates

4.     Penalties and Other Policy Initiatives Governing Overhead Recovery

5.     Regulations Governing Overhead in FAR Part 31

• The Legal Meaning of Allowability

• The Legal Meaning of Reasonableness

•  The Legal Meaning of Allocability

6. Introduction to the Cost Accounting Standards

     CAS Applicability

• Changes to Accounting Practices

• CAS 401

• CAS 402

• CAS 410

• CAS 420

7. Practical Legal Issues in Direct versus Indirect Cost Determinations

• Contract Work versus IR&D

• Decisional Law Developments through ATK Thiokol

8.     Unabsorbed Overhead (covered if class time allows)

Accreditation
See Individual Courses For Available Credits
Certificates of Completion are provided to all seminar participants who attend Federal Publications Seminars courses following the event, upon request.
CPE: Continuing Professional Education
Field of Study: Specialized Knowledge
Delivery Method: Group-Live Classroom
Federal Publications Seminars is affiliated with West Professional Development and is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National 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 submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
For more information regarding administrative policies such as refunds, cancellations and complaints, please contact Federal Publications Seminars at 888.494.3696.
CPE Hours
This program is eligible for: 13.0 (CPE) hours of credit
Program Level: Advanced
Program Prerequisite: None
Advance Preparation: None
Method: Group-Live Classroom
CLP: Continuous Learning Points
Approved for CLP by Defense Acquisition University
Defense Acquisition Workforce members must acquire 80 Continuous Learning Points (CLP) every two years from the date of entry into the acquisition workforce for as long as the member remains in an acquisition position per DoD Instruction 5000.66. We will provide you with documentation of points awarded for completing the event.
CLP Hours
This program is eligible for: 11.0 (CLP) hours of credit
CLE: Continuing Legal Education
States have widely varying regulations regarding MCLE credit. LegalEdcenter is an approved provider in AL, AK, AR, CA, GA, IL, ME, MO, MS, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, PA, RI, SC, TN, TX, UT, VA, VI, VT, WA, WI, and WV. Credit may be applied for in other jurisdictions on request and in accordance with state MCLE rules.
Please note that because some states are changing their policy on CLE reporting, you will need to fill out the request for credit from Federal Publications Seminars within 10 business days, or we may not be able to issue credits for the program.
CLE Hours
This program is eligible for: 11.0 (60 minutes), 13.0 (50 minutes)
Travel
No travel information is available at this time
Level
  • 100
    Basic or fundamental subject matter is covered. Courses are geared to general knowledge or can be taken as a refresher.
  • 200
    Specific topics or issues within a topic area are covered. Students should be familiar with terms of art and general concepts concerning the course topic.
  • 300
    Workshops and class discussions cover specific subject matter in-depth, and participation is strongly encouraged. Attendees should have at least 2-3 years' experience in the area of study.
  • 400
    Courses build upon students' knowledge and experience, and cover complex issues within the subject matter. Should have 4-5 years' mastery of subject for in-depth analysis.
  • 500
    Masters-level programs designed for professionals with 5+ years' experience. Courses cover in-depth and technical analysis on specific subjects and updates on current issues.