This is session 1 of 2 in the Disclosure Statements and Cost Accounting Practices virtual course.

This virtual course takes an analytical approach to Disclosure Statements, cost accounting practices, and cost impact proposals through definitions, rules, requirements, responsibilities, and implications in the management and administration of CAS-covered government contracts. 

It starts with the basics:

• CAS-Covered Contracts and Awards
• Thresholds
• Exemptions
• Disclosure Statement Criteria
• Revisions
• Reviews
• Adequacy of Disclosure
• Timing of Submission
• Compliance
• Accounting Requirements
• Implementation
• Effects of Filing
• Changes to a Cost Accounting Practice
• Cost Impact Proposals
• Calculation Methods and Techniques
• FAR Provisions

The virtual course continues with examples, principles and practices from Disclosure Statement content and criteria to:

• a self-audit checklist for compliance with the requirements
• what triggers a change and how to recognize a change to a cost accounting practice
• how to prepare a cost impact proposal, conduct an analysis, and calculate the impact

The virtual course concludes with insights and illustrations, and an opportunity for discussion.  Although coverage may not include every foreseeable cost activity, we are confident that the resources and guidance you receive will strengthen your analytical abilities in this area. 

Learning Objectives: 

• Effectively identify the CAS related standards to disclosure statements
• Identify the parts of a disclosure statement form
• Develop an understanding of each part of the form
• Confidently explain and fill out all the parts of the form
• Have the ability to create a checklist for audit purposes
• Effectively create a compliance checklist
• Develop a plan for properly filing annually
• Create and report on costs per CAS 401