Federal Acquisition Regulations (FAR) and Cost Accounting Standards (CAS): George Mason Continuing Education

This two-day course covers the history of the Federal Acquisition Regulation (FAR) and the Cost Accounting Standard (CAS), current regulation highlights and effects, proposed changes and the applicability and effect of FAR clauses and CAS standards. Concepts such as allowability, allocability, and reasonableness will be explored. The course also provides an overview of disclosure statements, cost impact statements, and determination of CAS coverage and why it doesn't matter in audits. Case studies further illustrate the important concepts in complying with government regulations.

The Federal Acquisition Regulation (FAR) and the Cost Accounting Standards Board Regulations (CAS) guides will be referenced frequently throughout the course. Shared reference copies will be made available during the class. If you would like to purchase your own copies of the reference guides please visit the CHH Online Store or call 1-800-248-3248 for more information. These guides may be used in other courses within the Contracting with the Federal Government Certificate Series.

The guides can also be viewed online

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 Government Contracting Fundamentals 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 onsite possibilities.

The History, Authority and Structure of the FAR
FAR Part 15: Negotiated Contracts
FAR Part 31: Cost Principles
FAR Part 49: Terminations
Overview of CAS
CAS Standards– Modified Coverage
Other CAS Standards
Disclosure Statements

Discussion of regulatory history, prior to the creation of the FAR
Discover the nomenclature and numbering scheme of the FAR, and learn to locate specific FAR passages through use of your understanding of the unique FAR numbering structure
Learn basic constructs of the government's accounting structure as prescribed in both FAR and CAS, including: allowability, allocability, and contract requirement. Experience cost allowability determination through class exercises
Gain an understanding of negotiated and sealed-bid contracts and the applicability of cost or pricing and their importance
Describe the parameters of contract terminations and the resulting responsibilities for contractor and government personnel
Describe the purpose, evolution, and composition of the CAS Board
Examine CAS coverage, both applicability and the two types of coverage required in certain circumstances
Study specific standards through case studies
Discuss the CASB Disclosure Statement - its content, timing, audit, and related compliance requirements

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!

PDF BROCHURE

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

"If you are new to FAR/CAS, this course is an excellent starting point." -Fall 2009 student

"This course is especially valuable to small companies who do business with the federal government." -Fall 2009 student

"I learned some valuable information that will help me in reading RFP’s responding to FAR clauses." -Spring 2009 student

"If you need a good understanding of FAR & CAS - this course will gain you good knowledge of the main clauses you need to understand." -Spring 2009 student

"Would recommend to anyone who works on the business side of a government contractor." -Spring 2008 student

"A necessity if you are in the accounting/contracting business." -Spring 2008 student

"Basic info covered- great class for almost all levels of employees" -Spring 2008 student

"It's a great overview for someone new to the field." -Spring 2008 student

"I learned so much in this class, thank you!" -Fall 2007 student

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