Gain the information you need to ensure your company is compliant under CAS 406, 407, and 408.
The Cost Accounting Standards (CAS) are the foundation for government contracting accounting. Many contractors find out they have not been following the CAS requirements on at an audit or review. Failing to follow CAS requirements can result in the loss of contract awards, retroactive cost/price adjustments with or without interest, and potential criminal implications (in the case of fraud). The most important defense against any of those undesired outcomes is knowledge. This topic will give you the information you need to ensure your company is compliant under CAS 406, 407, and 408.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Overview of CAS
- Purpose
- Types of CAS Coverage
- When Is a Company Subject to CAS
- CAS Standards Overview
CAS 406 Accounting Period
- Purpose
- Clause
- Restructuring Costs
- Reasons for Changes
- Audit Considerations
CAS 407
- Purpose
- Clause
- Examples
CAS 408
- Purpose
- Types of Leave
- Clause
- Which Leave Is Accrued
- Accounting for Leave
- Executive Order 13706
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on July 3, 2019.
Call 1-866-352-9540 for further credit information.
No Credit AvailableThis program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Matthew McKelvey
The McKelvey Group
- Owner of The McKelvey Group, Inc. (TMG)
- Regularly teaches classes via webinars, conferences, and training courses on: government contract compliance, DCAA audit compliance, DCAA adequate business systems (accounting, estimating, purchasing), CAS compliance, basic, intermediate, and advanced pricing, pricing strategy, negotiation in government contracting
- Member of the National Contract Management Association (NCMA), Association of Proposal Management Professionals (APMP), and the American Society of Appraisers (ASA)
- B.S. degree in finance, Penn State University; M.B.A. degree in finance and marketing, University of Maryland
- Can be contacted at 800-346-3154, www.themckelveygroup.com, or [email protected]
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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