Course ID: GCIC

Government Contractors and Indirect Cost Rates: Preparation and Surviving the Government Audit


Note: Qualifies for Yellow Book If you are in public practice or industry and deal with government contracts and processes, this course is a must. It covers the process of preparing indirect cost rate submission, the associated federal regulations, penalties for claiming unallowable costs, and the government’s audit process.


LEARNING OBJECTIVES
  • Prepare budgeted rates for pricing future work vs. final indirect cost rates
  • Select a distribution/allocation base
  • Make changes to the method of making cost allocations in a CAS and non-CAS environment
  • Discuss regulations and recent revisions, penalties for claiming unallowable cost and the government’s audit process

MAJOR TOPICS
  • Prepare budgeted rates for pricing future work vs. final indirect cost rates
  • Select a distribution/allocation base
  • Make changes to the method of making cost allocations in a CAS and non-CAS environment
  • Discuss regulations and recent revisions, penalties for claiming unallowable cost and the government’s audit process

DESIGNED FOR
Accountants in public practice or in industry who need to understand the requirements of determining the indirect cost rate and the importance of selecting the correct and most advantageous allocation basis

PREREQUISITES
Some experience or knowledge of the government contracting process and types of government contracts

COURSE PRODUCER
Business Learning Institute

CPE CREDITS
8.0

LEVEL
Intermediate

This course is available to be scheduled as:

Group Live
 

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