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This is session 10 of 12 in the Cost Accounting Standards (CAS) webinar series.

This webinar will cover CAS 416 and 417 which includes the subjects of: accounting for insurance costs (416), and cost of money as an element of the cost of capital assets under construction (417).

After completing this webinar, you will be able to:
  • Understand: 
    • Government requirements around insurance costs. 
    • How Facilities Capital Cost of Money (FCCM) is applied for capital assets under construction.
  • Learn: 
    • How to calculate project losses, and administrative expenses. How to allocate the cost of insurance to the appropriate accounting period(s). 
    • How to calculate FCCM for both tangible and intangible capital being constructed, fabricated, or developed for a contractor's own use. 
About Our Experts
  • Matthew McKelvey
    President, McKelvey Group
    Matthew McKelvey has over twenty-five years’ experience in Finance/Accounting, Government Contracting, Business Valuations, Process Optimization, and Training. Matt is President and CEO of The McKelvey Group and is widely respected as a subject matter expert in both commercial and Federal marketplaces. He brings his extensive experience working with large, medium, and small companies to help his clients achieve the growth objectives of their owners.

    As a consultant and CFO, he is well known for his expertise in working with organizations as they seek to create or improve their relationships with the Federal Government through price and proposal strategies, compliance, accounting, and training. In addition to direct client consulting in these areas, Matt demonstrates his comprehensive expertise through various speaking engagements and the Government contracting courses he instructs, including Cost/Price Proposal Workshops, DCAA Audit Preparation, Earned Value Management Systems, and Incurred Cost Submissions. Matt teaches his courses through several venues including training companies, conferences, and for individual clients. The McKelvey Group is a National Association of State Boards of Accountancy (NASBA) recognized Continuing Professional Education (CPE) program sponsor providing CPE credits in accordance with nationally recognized standards.
    EDUCATION

    Matt holds an MBA in Finance and Marketing and a BS in Finance. He is a Six Sigma Certified Black Belt, a member of the National Contract Management Association (NCMA), and is an Accredited Senior Appraiser with the American Society of Appraisers (ASA).

    University of Maryland - Robert H. Smith School of Business, MBA Marketing & Finance

    Penn State University, BS Finance
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