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Cost Accounting Standards

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Overview

This two day seminar familiarizes participants with the overall nature and intent of CAS and contract coverage; participants will thoroughly understand each CAS after examining the purpose, requirements, and techniques for its application.

Field(s) of Study: Accounting (Governmental)
Program Level: Basic
Delivery Method: Group-live
Program Prerequisites: None
Advance Preparation: No advance preparation required

Recommended CPE Credit: 14 credits

Program Registration Requirements
Registration fee $995, includes the price of course materials. Register online by selecting a date and clicking the "Register Now" button in the column to the right, call 1-888-300-8201, fax the completed Seminar Registration Form to 1-888-300-8201, or mail the completed Seminar Registration Form to Federal Contracts Training Center, 2700 Lake Cook Rd, Riverwoods, IL 60015.

Refund Policy
In the case that you cannot attend a seminar, FCTC permits attendee substitutions at any time prior to the start date of the seminar. We remind all participants to properly complete all Master’s Certification, CPE, and other credit documentation upon attending each seminar, including the post-seminar evaluation.

In Case of Cancellation
• If seminar registration is canceled or otherwise changed two weeks or more prior to the start date of the seminar, then FCTC will refund any tuition paid or apply it to a different seminar of the participant’s choice.
• If seminar registration is canceled or otherwise changed less than two weeks prior to the start date of the seminar, then FCTC will not refund any tuition paid; however, any tuition paid can be applied to a different seminar of the participant’s choice as long as he or she contacts FCTC prior to the start date of the seminar.

Complaint Resolution Policy
It is the goal of the FCTC to ensure 100% satisfaction with your seminar experience. If you believe that the seminar you attended did not meet or exceed the expectations of being relevant, well delivered, and professionally valuable, then please contact the FCTC with your concerns at 1-888-300-8201 or online at www.FCTCenter.com. Every reasonable effort will be made to resolve the issue in a timely manner.

CPE Accreditation

NASBA CPE Sponsor

CCH is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org.
 

Agenda

 

Units
Seminar Agenda
Day 1
 
Course Introduction and Learning Objectives
9:00 – 9:15
I
The Nature and Intent of CAS and Contractual Coverage
9:15 – 9:30
II
Disclosure Statements
9:30 – 10:15
 
Break
10:15 – 10:30
III
Cost Accounting Standards – Purpose, Requirements, Techniques for Application, and Illustrations
 
 
·  CAS 401 & 402 – Consistency Requirements
10:30 – 11:15
 
·  CAS 404 & 409 – Fixed Asset Capitalization/Depreciation
11:15 – 12:00
 
Lunch
12:00 – 1:00
 
·  CAS 407 – Standard Costs & CAS 411 – Material Costs
1:00 – 2:00
 
·  CAS 408 – Personal Absence Costs
2:00 – 2:30
 
Break
2:30 – 2:45
 
·  CAS 415 – Deferred Compensation
2:45 – 3:45
 
·  CAS 412 & 413 – Pensions
3:45 – 5:00
 
 
Day 2
 
·  CAS 403 – Home Office Expenses
9:00 – 9:15
 
·  CAS 410 – General & Administrative Expenses
9:15 – 10:00
 
Break
10:00 – 10:15
 
·  CAS 418 – Direct and Indirect Costs
10:15 – 11:00
 
·  CAS 420 – Independent Research and Development & Bid and Proposal Costs
11:00 – 11:30
 
·  CAS 416 - Insurance
11:30 – 12:00
 
Lunch
12:00 – 1:00
 
·  CAS 405 – Unallowable Costs
1:00 – 2:00
 
·  CAS 406 – Cost Accounting Period
2:00 – 2:30
 
Break
2:30 – 2:45
 
·  CAS 414 & 417 – Facilities Capital Cost of Money
2:45 – 3:30
IV
New Standards/Changes in Accounting Practices
3:30 – 4:00
V
Government Audits of CAS Adequacy/Compliance
4:00 – 4:15
VI
Current status of CAS and CASB
4:15 – 4:30
 
Course Wrap-Up
4:30 – 5:00

*Each participant shall receive a copy of the Cost Accounting Standards Board Regulations, published by CCH.

Presenters

Ki Capitano

Ki Capitano is currently a consultant providing consultation, advice, assistance, and training on government contract financial and other regulatory compliance matters. Ki began his career in government contracting in 1976, working as a contract auditor for the Defense Contract Audit Agency (DCAA). While with the DCAA, he performed a full range of contract audits of government contractors and contract audit functions.

He worked as an instructor at DCAA's contract audit institute in Memphis, TN designing, developing, and delivering training courses to DCAA auditors and managers in both technical and managerial subjects, as well as supporting briefings to industry and other government agencies, and worked at DCAA headquarters as program manager, responsible for a variety of audit initiatives. Ki also worked for KPMG Peat Marwick as a manager responsible for designing, developing, and delivering training courses and providing advice to clients regarding government contract regulatory compliance issues in a wide variety of areas.

Ki holds an MBA from George Mason University, is a retired CPA, a Certified Cost Analyst, a former member of the of the American Production and Inventory Control Society's Aerospace and Defense Specific Interest Group Steering Committee, and a member of the Virginia Society of CPAs.

Registration Fee

$995

Dates and Locations
  • December 31, 1969

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