Application of Cost Accounting Standards(CAS)

Get a firm grasp on the current cost accounting standards. This course is designed for anyone who works with or expects to work with CAS. It will prepare you for successful negotiation of government contracts and clarify accounting requirements during contract performance.

Whether you’re a government procurement professional, CPA, contract administrator, executive, lawyer, manager, financial officer or internal auditor, you will learn the intricacies of the accounting requirements of CAS.

Seminar Outline

History and Background of the CAS Board (CASB)
  • GAO Feasibility Study
  • The Origin of CASB
  • Rebirth of CASB
  • Re-codification of the (CFR 48 Chapter 99) CAS
  • Current Issues
Purposes of the CAS
  • Promote Uniformity
  • Promote Consistency
  • Facilitate Negotiation, Administration and Settlement of Contracts
Relationship Between the Cost Principles (FAR Part 31) and the CAS
  • Changes in Applicability
  • Allowability and allocability
  • Exempted Contracts and Contractors
CAS Contract Clauses
  • Full Coverage Clause
  • Modified Coverage Clause