Cost Accounting Standards - Live Virtual Course February 2025

CPE, CLE Accredited

This is session 3 of 3 in the Cost Accounting Standards virtual course.

This is a comprehensive virtual course in contract requirements related to the CAS with key instruction by specialists in both accounting and law.

Coverage includes of developments and any prospective implications of the Pension Protection Act of 2006.

They were born out of frustration - out of the Government's smoldering irritation in dealing with contractors' differing accounting practices and high-dollar claims for price increases. Yet, like them or not, they are here to stay. Indeed, they may aptly be compared to the so-called "truth in negotiation" requirements which (whatever may be their weaknesses) will probably always be part of the procurement picture.

It all began in 1970, with the passage by Congress of the statute which created the Cost Accounting Standards Board and charged that Board with the duty of prescribing Standards for realization of "uniformity" and "consistency" in contractors' cost accounting practices. The resulting Standards have, predictably, had a major impact on the procurement process - an impact whose shock waves are still being felt.

So we all must accommodate to Cost Accounting Standards - we all, in plain words, must learn to live with them. It is for that reason that this special virtual course has been developed.

Scope & Technique
Because the Cost Accounting Standards are complex - often hard to read, let alone understand - careful attention has been paid to the substantive content and instructional technique of this course. It starts with a finely crafted exposition of the system as a whole; follows this with consideration of the methods by which the Standards are administered and enforced; turns to an analysis of disclosure statements and of the Standards' relationship to recognized cost accounting practices-and, finally, swings into detailed study of the critical substantive Standards.

Who should attend:
This virtual course is designed for any contractor currently or expect to be subject to the Cost Accounting Standards Rules. The course is geared for both new or experienced professionals in the area of accounting, finance, compliance, program management and contract management.

Learning Objectives:

After completing this course, you will be able to:

Develop an understanding of the characteristics of the federal marketplace as it relates to CAS
Understand legal and regulatory reasons for CAS
Recognize the difference between CAS and Modified CAS requirements
The application of CAS related to contracts
Identify the roles and responsibilities of auditors and enforcement
Recognize basic CAS Standards
Apply basic CAS principles

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.

About Our Experts

Matthew Haws

Partner, Jenner & Block

Matthew Haws is a partner in the Government Contracts Practice. He represents clients ranging from defense manufacturers to IT systems integrators on government contract and grant law issues, including claims, compliance, and investigations.

Mr. Haws guides contractors through complicated issues in their relationship with the government, including significant bid protests, Inspector General investigations, mandatory disclosures, False Claims Act (FCA) litigation, suspension/debarment proceedings, DCAA audits, and claims against the government. He conducts internal investigations, develops requests for equitable adjustment and claims, and provides guidance to contractors on their most complicated problems.

Harvard Business School, 2015; Credential of Readiness (CORe), business analytics, financial accounting, economics for managers; with honors
George Washington University, JD, 2002
University of Florida, BA, 1998; cum laude
Deborah Nixon

Founder & Managing Officer, Crosshair Advisors

Deborah Nixon, is a nationally recognized trainer, licensed Certified Public Accountant (CPA) and career dedicated Government contracts practitioner with over 30 years of experience. Deborah is the founder of Crosshair Advisors, and a retired Partner with Ernst & Young’s Government Contract Services practice where she worked for 25 years. Before joining EY, she held management positions with both large and emerging growth contractors including Motorola and General Dynamics.

EDUCATION

Masters of Business Administration in Strategy and Entrepreneurship from University of North Carolina’s Kennan-Flagler Business School
Honor student inducted into the Beta Gamma Sigma Honor Society

Bachelor’s Degrees in Finance and Economics from University of Maryland

Attended American University’s Graduate Accountancy Program

Holds a Certificate in Corporate Governance and Board Effectiveness from Northwestern University, Kellogg School of Management
Bill Romenius

Independent Consultant

Bill has significant Cost Accounting Standards (“CAS”) experience gained through positions held in both the public and private sectors, including being the industry representative to the CAS Board.

Most recently, Bill was a CAS specialist with the Defense Contract Management Agency. He developed CAS training modules that he then used to train the Agency’s Cognizant Federal Agency Officials (“CFAOs”). He also served the role as an advisor to the CFAOs on their specific CAS issues.

Previously, Bill was an Industry leader in Federal procurement issues, while holding various positions at The Boeing Company. He has significant experience with earnings improvement and business process reengineering initiatives, with in-depth experience in cost accounting, variance analysis, performance improvement, budgeting, and forecasting. While at Boeing he also developed robust internal control processes in general, with a focus in the area of International Business Compliance.

Prior to starting his almost twenty-eight year career at Boeing, Bill was a Peace Corps Volunteer in Costa Rica.

He gained Bachelor of Arts and Masters in Business Administration degrees at Wichita State University and completed the Yale Executive Management Program.

In-House

Bring Federal Publications Seminars to your location! If you would like to offer this course in-house, please contact us.

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