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Preparation of Incurred Cost Submissions

March 29, 2018
12:00 PM to 1:30 PM EST

TC Bane
Email
  • Summary
  • Agenda
  • CPE Information
BDO USA, LLP invites you and your colleagues to join us for a complimentary, CPE-qualified webinar to discuss the required schedules of the Incurred Cost Submissions (ICS), preparation techniques, industry best practices and common mistakes which lead to scrutiny from the Defense Contract Audit Agency (DCAA).
 
  • Ensuring your financial reporting capabilities can accurately identify:
    • Direct vs. indirect costs
    • Costs by contract
    • Indirect cost rate composition
  • Accurately populating required ICS schedules with general ledger details
  • Ensuring unallowable costs are identified and excluded from the submission
  • Performing reconciliations to ensure total costs tie to financial data
  • Evaluating the adequacy of the submission based on DCAA’s ICS Adequacy checklist
12:00 PM to 1:00 PM - Educational Program

1:00 PM to 1:30 PM - Post-webinar Q&A Session
Webinar Learning Objectives:
  • Recognize a general overview of the requirements of an Incurred Cost Submission. 
  • Identify common mistakes when preparing the submission and how these mistakes lead to inadequacies and/or inquiries from the DCAA. 
  • Discuss an overview of the current DCAA audit landscape.
Delivery: The webinar will be delivered via the BDO Online CPE Network
Prerequisites: None
Advanced Prep: None
Credits: 1.5 CPE credits in the field of Specialized Knowledge and Applications
Program Level: Overview
BDO USA, LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org