This is session 1 of 2 in the Advanced Cost Impact Analysis virtual course.

This advanced virtual course explains the regulatory requirements and provides hands on exercises and scenario analysis to identify, define and measure changes to cost accounting practices.  

The virtual course begins by summarizing the regulatory framework for CAS and cost accounting practices included in both CAS and FAR, followed by a brief review of cost accounting practices and what constitutes a practice change. After establishing the framework, we will delve into the four different types of cost impacts and the selection of the appropriate technique for notification and settlement of the cost impact. 

Shifting to measurement of the cost impact, we tackle the challenges of establishing a comparative baseline for measurement; discusses covered and affected contracts for inclusion in the cost impact; describes agency and contract type disclosure; treatment of contract types and offsets and netting between contract types and types of changes including:

• Required changes
• Desirable changes
• Unilateral changes 
• Non compliances

Rounding out the lecture, practical issues with cost impacts will be discussed emphasizing precedent setting case law that shapes the identification and measurement process used for computing cost impacts.

Course Objectives:
Upon successful completion of the course you will be able to:

• Demonstrate knowledge on cost movement
• Develop tactics around changes and cost impacts
• Identify process used for computing cost impacts
• Effectively understand and present cost impact analysis to others

This live virtual course is eligible for both CLE and CPE credit.
NOTE: CPE/CLE credit for attendees are subject to participation and approval by the governing boards. NASBA CPE ACCREDITATION INFORMATION
Learning Level: Beginner
Prerequisites: None
Field of Study: Specialized Knowledge
Delivery Method: Group Internet Based

For more information regarding administrative policies such as refunds, cancellations and complaints, please contact Federal Publications Seminars at 888.494.3696.

West Professional Development 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.