George Mason University OCPE Programs

This two-day course will cover 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 will also cover disclosure statements, cost impact statements, and determination of CAS coverage and why it doesn't matter in audits. Actual case studies will illustrate the important concepts in complying with government regulations.

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.

The history of the FAR and CAS
Acquisition thresholds and requirements
How the FAR is organized and how to find what you need
CAS coverage - are you covered and what does that mean?
Cost treatment - consistency, allowability, reasonableness, allocability
The traps in disclosure statements
The history, authority and structure of FAR
Selected parts of the FAR
History and overview of the Cost Accounting Standards
Cost accounting standards
Other cost accounting standards
Disclosure statement

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!

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

“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

“Examples & illustrations the instructor used were very helpful & made the course very interesting. Excellent instructor!” -Spring 2006 student

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