This advanced level virtual course will explore the key differences between Government contract cost accounting and financial reporting using Generally Accepted Accounting Principles (GAAP).

This course offers an in-depth exploration of the profitability opportunities available in federal contract awards. We will cover key topics such as pricing structures, types of contracts, payment clauses, and limitations on profit, providing a high-level overview of each. The course will also address the impact of negotiation strategies on profitability and the importance of accurate internal cost estimating.

During this course, we will introduce students to the multiplicity of, and distinctions among, "Buy American" and other domestic preference statutes, regulations, and policies, for example President Biden's Executive Order on Ensuring the Future is Made in All of America by All of America's Workers. We will cover the basics of the Buy American Act, Trade Agreements Act, and implementing regulations, as well as discuss practical considerations for working with the BAA/TAA requirements.

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. 

This virtual course will help you identify differences between commercial and government subcontracting, management and performance from a legal, contracting, pricing and performance management perspective.