Disclosure Statements and Cost Accounting Practices Virtual - July 2024

3 hours

This is session 3 of 4 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

NOTE: On-Demand Virtual Course sessions are not eligible for CLE/CPE credits.

About Our Experts

Chad Braley

CEO and National Managing Partner, Capital Edge Consulting

Chad Braley is the Chief Executive Officer and Founder of Capital Edge Consulting, Inc. Since its inception, Capital Edge has grown into the country’s leading firm, focusing solely on serving both foreign and domestic contractors who do business with the US Government.

Chad’s areas of expertise include the Cost Accounting Standards (CAS), Federal Acquisition Regulations (FAR), agency supplement regulations, Contractor Accounting, Purchasing, Estimating, MMAS, and EVM Business Systems, Truth in Negotiations Act, government accounting requirements Incurred Cost Submissions (ICS), DCAA Audits support and preparation, other regulatory non-compliance support, Terminations, Requests for Equitable Adjustment (REA), ERP systems and risk mitigation.

Chad graduated from the Williams School of Commerce at Washington and Lee University with a Bachelor of Science in Commerce, with a major in Business Administration.
Eric Hayman

Director, Capital Edge Consulting

Eric Hayman has over 15 years of experience providing professional support to government contractors and government agencies in the areas of compliance, accounting and training. He specializes in the Federal Acquisitions Regulations, Cost Accounting Standards, Government Audits and Contract’s Finance Management. He has worked closely with Chief Financial Officers, Controllers, Vice Presidents, and General Counsels among others, and brings experience from a wide range of engagements.

Eric has provided Government Contracting Services to a wide range of Industries, including Aerospace and Defense, Pharmaceuticals and Biotech Sectors, Manufacturing and Professional Services. His clients range from small start-ups to large, publicly-held, multi-national organizations.

Education
B.A. Accounting and Business Administration
Eric graduated from Flagler College, Magna Cum, with a Bachelor of Arts Degree in both Accounting & Business Administration.
Stephen "Chase" Kunk

Managing Partner, Capital Edge Consulting

Stephen “Chase” Kunk is a Managing Partner Capital Edge Consulting, Inc. Chase specializes in U.S. Government contract and subcontract negotiations, administration, management and purchasing system compliance. His expertise stems from his legal education, former certification as a National Football League contract advisor to professional athletes, and in-depth experience as a contracts and procurement administration manager for an international contractor serving Department of Defense (DoD), Intelligence Community (IC) and civilian agency customers. Chase’s support to Capital Edge Consulting clients is predominantly in the areas of contract and subcontract administration, purchasing system compliance and Contractor Purchasing System Review (CPSR) readiness and risk mitigation. He also leads all contract and subcontract negotiation and administration for Capital Edge Consulting’s internal business operations.

Stephen holds a B.A in Communications from Purdue University and a J.D. (cum laude) from Western Michigan University, Thomas M. Cooley Law School.

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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