Course ID: GC-IDR03

How to Develop an Annual Indirect Rate Using the DCAA ICE Template (Part 3)

How difficult can it be to develop an incurred cost submission? Well, the Defense Contract Audit Agency (DCAA) requires a 30-tab EXCEL workbook called the “Incurred Cost Electronically (ICE)” for contractors submitting their annual indirect rates. This presentation is a detailed and comprehensive review of DCAA’s “ICE” template. In addition, DCAA has developed a new technique to improve the speed of accomplishing their incurred cost audits using the low-sampling pool which we will discuss in this session.


LEARNING OBJECTIVES
  • Discuss the common indirect rates in the context of preparing your annual final indirect rates
  • Develop skills necessary for not only preparing the DCAA “ICE” submission but also the key areas of reconciliation
  • Acquire the confidence to reconcile the entire ICE submission model to your annual Statement of Income
  • Understand the component items including General Ledger expense accounts that will be required to be entered into the ICE submission since it is based on historical cost

MAJOR TOPICS
  • The purpose of each of the (30) tabbed schedule
  • How each schedule works
  • Focus on the most common indirect schedules
  • Fringe benefits intermediate cost center and final rate
  • Occupancy intermediate cost center that aids in allocating rent-related costs to overhead and G&A that reside in the same facility
  • Overhead final indirect rate
  • Bid and Proposal cost internal allocation to G&A per CAS 420
  • General and Administrative (G&A) final indirect rate

DESIGNED FOR
For Government Contractors: CEO, COO, legal, Finance & Administration, CFO, Controller, Director of Accounting, Accounting Manager, Accounts Receivable, Accounts Payable, Payroll manager, Timekeeping personnel, Invoicing, Job Costing, Compliance Officer or Compliance, Project Manager, Assistant or Deputy Project Manager, Project Officer, Quality and Assurance, Contracts Director or Contracts Manager, Pricing or Director of Pricing, Bid and Proposal personnelFor Construction: Superintendents, Field Project Manager, Project Manager, Project OfficerFor personnel working for the Federal Government: auditors, inspectors, procurement personnel. Contract officer, contract specialists, contract administrators, contract officer technical representative (COTR), contract officer representative (COR), Pricing personnelConsultants: legal, accounting, finance that interface with government contractorsPublic accountants that have the government contractor industry

FIELD OF STUDY
Accounting (Gvmt)

PREREQUISITES
GC-IDR01 (Government Contracting-InDirect Rate Part 1)

COURSE PRODUCER
Business Learning Institute

CPE CREDITS
2.0

LEVEL
Basic

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