George Mason University OCPE Programs

Emphasis will be placed on accounting for services as distinguished from traditional manufacturing cost accumulation systems. This course will cover direct and indirect cost classification, pooling, role of DCAA in audits, contractor surveillance, internal control requirements and cost accumulation standards for automated accounting systems. Students will take an in-depth look at Incurred Cost Submissions, the development of policies and procedures that will pass audit, and ways to limit the scope of audits. The course will address government billing requirements, revenue recognition, the importance of coordination between contract administration and accounting, internal reporting for project managers, and ways to maximize cost recovery.

This two-day course is offered through the unique partnership between Deltek, Inc., and George Mason University. No prerequisite or advanced preparation is required, although we suggest taking the World of Government Contracting first in the series. Courses are scheduled throughout the year and can be taken individually or as part of the Contracting with the Federal Government Certificate Program. to earn a George Mason University Certificate of Completion. In addition, this program can be scheduled for group training at your site, at your convenience, through contractual arrangements. Contact us at 703-993-4800 for current course schedules, to register, or to discuss on-site possibilities.

Cost allocation methodologies
Accounting for different types of contracts
Government audits - types and techniques
Self Governance - reduce the scope of government audits
Incurred cost submissions
Government contractors cost accumulation structure
Life cycle, development and management of indirect rates
Accounting for major classifications of contracts
Key financial reports and their accounting relationships
Auditing government contracts

Describe a typical government contracting cost accounting structure and why it is unique to this field
Define the key terms for use in discussing indirect rate calculations and applications
Demonstrate the formula for computing indirect rates for application to government contract direct costs
Discuss the life cycle of indirect rates, also the process of developing and managing indirect rates throughout this lifecycle
Examine the purpose, submission requirements, timing and strategies for submitting and supporting your company's incurred cost submission to the government
Identify major types of government contracts, including considerations for billing, revenue recognition, and unbilled receivables processes
Discuss reporting requirements for accounting systems, especially in relation to the various types of contracts
Detail the key financial reports and explain the relationship between these reports and various management reports generated by the accounting system
Within an audit environment, discuss: major types of audit, strategies for audit preparation, management of the process, and the roles and responsibilities of the government auditors

This course is part of the Contracting with the Federal Government Certificate, offered through a unique partnership between George Mason University and Deltek, Inc. - a leading provider of software, solutions and training to government contractors.

The comprehensive program includes five in-depth courses taught by experienced Deltek professionals. Course content is based on Deltek's vast experience in diverse government contracting environments. The program is taught in an academic setting and seating is limited to 30 students per course.

Register for all five courses and save!

Experienced professionals who are new or nearly new to government contracting or professionals in need of a refresher.

"This course was very informative and will allow me to use the skills gained. The day to day examples were very useful." -Spring 2008 student

"It definitely met my expectations. I wish I would have taken this a long time ago. Now, it all makes sense." -Spring 2008 student

"It was a great course in getting an overall understanding of audits and accounting for government contracts." -Spring 2008 student

"Very good overview for contract managers to understand complexity of accounting requirements." -Spring 2008 student

"The program was great. I really enjoyed hearing the real world examples and how to apply the concepts of class." -Fall 2007 student

	Skip Navigation If you can't find what you are looking for, please call us at 703-993-2109. Home> >> Programs >> Federal Government Contracting