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Earners of this badge understand government contract accounting terminology. They recognize and can apply the FAR clauses related to the practices; apply and understand Cost Accounting Standards (CAS) and modified CAS situations; develop basic cost and price analysis. They understand the principles of overhead costs and can determine the difference between allowable and unallowable costs.
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3 hours
This is Session 1 of a 2-session Training Academy Session focused on Contract Compliance Who should attend: Attendees include: Contractors, Subcontractors with government contracts. Those new to compliance within the finance and accounting functions, program managers, general managers and directors of contracts, legal professionals where compliance documentation and procedures are needed. They should have a base level knowledge of Government Contracting and Federal Acquisition Regulations and/or agency level supplements. The course highlights compliance hot spots that continue to challenge the most seasoned professionals, including:
 Contract Administrators
 Directors of Federal Contracting
 Contract Specialists
 Attorneys
 Compliance Officers
 Finance and Accounting Professionals
 Subcontract Specialists

What you will learn:
It is the purpose of this program to equip both Government and industry representatives with the knowledge necessary to proactively engage and develop compliance protocols for the organization, group or division that holds federal government contracts. You will:
 Gain insights and knowledge on the compliance regulations
 Develop an understanding of rules around commercial items
 Understanding the compliance and meaning of defective pricing

This course covers all areas of compliance. This includes topics such as:
 Mandatory Disclosures
 Development of a compliance program
 How to achieve compliance
 Commercial Item compliance
 Bid/Proposals phase and compliance
 Acquisition of products from foreign and domestic suppliers
 Defective Pricing

 NOTE: On-Demand Virtual Course sessions are not eligible for CLE/CPE credits.
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Bring Federal Publications Seminars to your location! If you would like to offer this course in-house, please contact us.
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