Government Contracting Under the FAR & AASHTO Guides

CPE: 14 NASBA Credits | Credit Type: Accounting (Government)

Every year, firms are held liable for overhead rate errors.

And it’s no wonder, Federal Acquisition Regulation (FAR) overhead rates are notoriously complex and loaded with tricky nuances. Correctly interpreting and applying the FAR requirements is critically important.

Learn how to avoid costly errors when contracting with the government from the leading GovCon authorities. 

Join SN’s FAR experts Tony Machi and Wayne Owens for this 2-day educational event where you’ll learn everything you need to know about Government Contracting.

Topics Covered Include:

• Overview of FAR theory and related rules
• What the AASHOT Guide means for your firm
• Navigating federal vs. state requirements
• Roles and responsibilities for your firm vs. the state DOT vs. sub-contractors
• Accounting system requirements you must have in place
• The importance of timesheets
• How to use "Cognizant Letter" to simplify your contracting
• Determining if Cost Accounting Standards apply to your firm
• The future of technology use
• Field rate development
• What your PM's & Principals need to know when proposing on a government contract
• Complying with FAR financial management system requirements
• FAR requirements for internal controls
• Allowable related party transactions under FAR
• Ideal labor costing method alternatives
• Proper compensation planning
• Executive compensation under FAR
• Can an agency limit your direct rates?
• Does the BBA rate apply to your contracts?
• Why allowable overhead is the most significant profit factor for government contract negotiations
• Minimizing unallowable overhead
• Allowable business development costs
• Allowable vs. unallowable: warrantee, insurance, interest, and lobbying costs.
• Which overhead costs are never allowed?

Presenters:

, Manager, Government Contract Services at Stambaugh Ness

Managing Director, Government Contract Services

Stambaugh Ness 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 the 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.

For more information regarding refund, concerns, and program cancellation policies, please contact [email protected].

Host or Publisher Stambaugh Ness