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Government Accounting: Fundamentals of Indirect Rates

4.7 (40)

Robert Jones, CPCM, CPA, NCMA

Left Brain Professionals Inc.

Wednesday, February 19, 2020 | 09:30 AM EDT

  • CPA

1.5 Credits

FREE

Subject Area

Accounting (Govt.)

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Course Description

The key to contract profitability is cost recovery. Companies fail to recover costs primarily because of incorrect indirect rates resulting from improper composition of cost pools, misaligned cost pools and bases, and mathematical errors. 

Higher margins and improved profitability are a direct result of the proper calculation of indirect rates and the maximum recovery of all costs incurred. Classification of costs, the identification of correct and allowable allocation methods and accurate mathematical formulas are critical in the proper calculation of indirect rates. 

This session will focus on the most common cost pools utilized by government contractors and a single rate approach to indirect rates. This webinars includes :

  • Composition of each cost pool
  • Explanation of the acceptable allocation bases
  • Indirect rate calculation examples
  • Access to an online indirect rate calculator and downloadable tool.

Register for this webinar to learn proper indirect rate calculation.

Learning Objectives

  • To list & understand the 5 basic cost pools.
  • To describe the composition of each cost pool.
  • To identify various acceptable allocation bases and methods
  • To learn the proper execution of calculation of indirect rates
  • To list down and understand the tips for full cost recovery

Who Should Attend?

  • Accountant
  • Bookkeeper
  • Business Owner
  • CFO/Controller
  • CPA (Industry)
  • Defense Contract Audit Agency(DCAA)
  • Government Contractor
  • Senior Accountant

Testimonial

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(
    [no_of_record] => 40
    [average] => 4.6750
)
 

4.7

(40)
78%
18%
3%
0%
3%