CAS Cost Impacts
April 4 @ 9:00 am - April 5 @ 4:00 pm$995
This two day course provides the student with a comprehensive learning experience on what constitutes a cost accounting practice (CAP) change and how to calculate the cost impact of such changes. The student will learn the requirements for preparing cost impact proposals, including General Dollar Magnitude Proposals and Detailed Cost Impact Proposals. The course also includes a focus on how to compute increased/decreased costs by contract, by contract group, and how recent legal decisions have affected calculating increased in decreased costs “in the aggregate”. It also includes discussion of the various methods for resolving CAS cost impacts. In addition to course instruction, the student will complete numerous practical exercises and comprehensive case studies. This course is a must for anyone that is involved in determining the cost impact of a change in cost accounting practice and/or a noncompliance and finance individuals who are responsible for modeling the cost shifts by contract type for business changes and reorganizations.
Upon completing this course, the student will be able to determine whether a contractor has complied with the statutory and regulatory requirements for preparing cost impacts, and:
- Identify the impact of the various types of cost accounting practice changes or CAS non-compliances have on Government contracts.
- Prepare an adequate and compliant cost impact proposal.
- Provide advice to the client as to the most advantageous method for resolving the cost impact.