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HOW – Cost Accounting Standards (CAS) A Hands-On Workshop designed to help you complete your Disclosure Statement
July 24 @ 9:00 am - 4:00 pm$295
The Cost Accounting Standards were designed to promote uniform and consistent methods of accounting practices for contractors. We will explain to which contracts and contractors the Standards are applicable, and confer on the current and proposed exemptions to the Standards. We will discuss the requirements of all 19 Standards, the differences in accounting as compared to GAAP and IFRS and methods of structuring your accounting system for compliance. Finally, we will cover the administrative requirements including preparation of the Disclosure Statement and post award contract adjustments due to changes in accounting practices.
Our Instructors are Available to Help You!
If you have a specific Schedule you need help with, bring your accounting documents and questions.
- Identify when the Standards are applicable and when a Disclosure Statement is required.
- Distinguish the differences between “modified” and “full” CAS coverage and to which contracts and subcontracts the Standards apply.
- Recognize the fundamental requirements and techniques of application for the Standards.
- Assess accounting system designs for compliance with the Standards.
- Appraise administrative requirements for changes to accounting practices and fundamentals of the General Dollar Magnitude and Detailed Cost Impact.
- Prepare the CASB Disclosure Statement.
Continuing Education Credits
5.5 CLE/ .60 CEU/ 6.5 CPE (Accounting – Governmental) credits may be earned for this course. This course is recommended for 8 CLP credits.
This course has been approved for CLE in CA, PA, VA and TX. Because this activity has been approved in another CLE jurisdiction, you may also receive credit for participation in AK, AZ, AR, CO, FL, HI, IL, ME, MT, NJ, NY, ND, and WI (additional state requirements may apply). If you are seeking CLE credits for a jurisdiction other than the ones listed above, please contact us for additional information.
This course can be submitted to Project Management Institute (PMI) for PDU. Upon their approval, it may be worth 5.6 PDU credits.
The Public Contracting Institute 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 submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.