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3 hours
This is session 3 of 10 in the Government Contract Accounting Boot Camp virtual course.

This multi-session immersion virtual course is designed to cover the most important aspects in government contract accounting. The course is a combination of lecture and case studies to build practical and useful skills to immediately make an impact in your organization.  It will cover:
  • Unique Accounting Terminology and Definitions
  • FAR Clauses
  • Cost Accounting Standards (and Modified CAS)
  • Cost and Pricing Data
  • Overhead
  • Allowable and Unallowable Costs
  • Contract Pricing
  • Auditing
  • Financial Systems
  • Compliance
  • Defective Pricing
At the end of this program, you can be confident in your knowledge and gain valuable skills to be immediately effective in your day to day work.  

Who Should Attend:
  • Accounting/Finance Professionals with limited experience in government contract accounting, or need a refresher on government contract accounting
  • Directors, Managers and Administrators in government contract roles
  • Small/Medium size business owners
  • Legal and compliance professionals
Learning Objectives:
Upon successful completion of the course you will:
  • Retain and understand Government Contract Accounting Terminology
  • Apply and Recognize the FAR clauses related to the practices
  • Apply and understand CAS and modified CAS situations
  • Develop basic cost and price analysis
  • Understand principles of overhead costs
  • Determine the difference between allowable and unallowable costs
  • Properly document and retain information for audits
  • Determine situations when there is a potential issues related to pricing
 
 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.
  • Anthony Kim
    VP, Government Compliance, CACI International Inc.
    Anthony Kim has more than 20 years of experience in various cost accounting and compliance issues related to government contracts. Specifically, he is knowledgeable in the areas of government contract procurement regulations, Cost Accounting Standards, OMB Uniform Guidance, Generally Accepted Government Auditing Standards and Generally Accepted Auditing Standards.

    Anthony’s industry experience includes architecture and engineering, aerospace and defense, construction, manufacturing, information technology, not-for-profits, and higher education. He has assisted clients with complex cost accounting matters, cost representations, business system implementations, expert testimonials, proposal assistance, audit support, and other regulatory compliance matters.

    Prior to joining CACI International, Mr. Kim was a director at BDO USA, Baker Tilly Virchow Krause, Navigant Consulting and Partner at Capital Edge Consulting. He has also worked for KPMG as a manager for over seven years. Recently, he assisted in developing an annual DCAA conference seminar, conducted numerous training for Federal Publication Seminars, held webinars with clients and prospects on various government contract compliance matters, and served as a member of the National Defense Industry Association Contract Finance Committee in charge of regulatory and legislative updates.

    He has assisted contractors and their outside counsel to resolve disputes arising under the Federal Acquisition Regulation, Cost Accounting Standards, Truth in Negotiations Act, and other accounting-related rules and regulations, and conducted independent forensic accounting investigations to evaluate allegations of fraud, accounting errors and irregularities, cost mischarging and defective pricing.

    In addition, Anthony is a nationally recognized speaker who teaches classes through Federal Publication Seminars, National Contract Management Association, Virginia Society of CPAs. He has lectured on a number of topics, including Government Contract Accounting, Federal Acquisition Regulations, Cost Accounting Standards, Cost & Price Analysis, Incurred Cost Submissions, Introduction to Government Contracting, and Government Contractor Business Systems Compliance. He is a member of the National Contract Management Association (NCMA) and the National Defense Industrial Association (NDIA).
    Anthony Kim holds a Bachelor of Science degree in Accounting from George Mason University.
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