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OnDemand Course

Cost Accounting Standards 406, 407 and 408

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.

87 minutes
Certificate of Completion
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Why Lorman?

Over 34 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 34 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

Applications have not yet been submitted for Delaware, Idaho, Kentucky, Maine, New Hampshire, Ohio, Oklahoma, South Carolina, and Wyoming CLE for this course. However, if you are interested in obtaining CLE for any of the listed states or have any additional credit questions please email us at [email protected] or call us at 866-352-9540.

This course was last revised on July 3, 2019.

Call 1-866-352-9540 for further credit information.

  • CA MCLE 1.25
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.25 CLE hours of participatory credit.
     
  • CT CLE 1.0
     
  • Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.0 CLE credit(s).
     
  • WA CLE 1.5
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.5 hours of A/V credit under the Law & Legal Procedure category.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 34 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

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 34 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.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!


  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 406247
Published 2019
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