This course is intended to provide an overview of Incurred Cost Proposals, including the purpose, recommended format, requirements, rate structure considerations, allowability and allocability of cost, and current DCAA audit considerations. The class will include a case study to demonstrate how accounting data is used in preparing the required and optional schedules in the DCAA ICE Model. All sessions include the ability to ask questions regarding specific concerns or challenges participants are experiencing.
Sessions and Topics
Session 1 – Introduction
- Incurred Cost Proposal Overview
- What is the Purpose and Origin?
- When is it Required?
- Understanding the Requirements of Different Contract Types
- Data Requirements
- Allowability of Cost
Session 2 – Basics of Indirect Rate Structures
- Direct vs. Indirect Costs
- Indirect Cost Pools & Allocation Bases
- Causal / Beneficial Relationships
- Intermediate Cost Pools & Service Centers
- Allocability of Cost
Sessions 3 and 4 – Incurred Cost Proposal Schedules & Case Study
- Overview of Required and Optional Schedules
- Case Study Examples of Required Schedules
- DCAA Adequacy Checklist
- DCAA Hot Topics
Anthony Kim has almost 20 years of experience in various cost accounting and compliance issues related to government contracts. Specifically, he is knowledgeable in the areas of government contract procurement regulations, Cost Accounting Standards, OMB Uniform Guidance, Generally Accepted Government Auditing Standards and Generally Accepted Auditing Standards. Mr. Kim’s industry experience includes architecture and engineering, aerospace and defense, construction, manufacturing, information technology, not-for-profits and higher education. He has assisted clients with complex cost accounting matters, cost representations, business system implementations, expert testimonials, proposal assistance, audit support, and other regulatory compliance matters. Prior to joining Capital Edge, Mr. Kim was a director at BDO USA, Baker Tilly Virchow Krause, and Navigant Consulting. He has also worked for KPMG as a manager for over seven years. Recently, he assisted in developing an annual DCAA conference seminar, conducted training for the Public Contracting Institute, held webinars with clients and prospects on various government contract compliance matters, and served as a member of the NDIA Contract Finance Committee in charge of regulatory and legislative updates.
William J. Keating has over 35 years of consulting experience, and is a government contracts expert with a strong background in accounting, business systems and compliance advisory for aerospace and defense clients, and other government contractors. Bill’s areas of expertise include Federal Acquisition Regulation (FAR), Federal Agency FAR Supplements, Office of Management and Budget (OMB) Super Circular, Cost Accounting Standards (CAS), and Federal Supply Schedules. He has advised organizations on government audits, business systems compliance, claims preparation, contract disputes and investigations.
Continuing Education Credits
8 credits for entire series. 2 credits per session.
.8 credits for entire series. 0.2 per session
9.5 credits for entire series. 2 credits per session.
8 credits for entire series for AK, AZ, AR, CA, CO, FL, HI, ME, MT, NJ, NY, ND, OR, PA, VA, WI (if you need CLE for a state not listed, call us.) 2 credits per session.
This course can be submitted to Project Management Institute (PMI) for PDU. Upon their approval, it may be worth 2 PDU credits per session or 8 credits for the entire series.