Detailed Preparation of the Incurred Cost Proposal Part I: General & Job Cost Ledger Related Schedules
Format: Live webinar (on-demand recording available on March 18, 2021)
Duration: Approx. 90 minutes
Instructor: Robert Jones, Left Brain Professionals
NCMA Certifications: 1.5 CPEs
APTAC Certifications: 0.75 ATC
APTAC BOK: C.12 Financial Controls
*Your registration includes access to the on-demand recording.
Government contractors subject to the Allowable Cost and Payment contract clause (FAR 52.216-7) must submit to the government an adequate incurred cost proposal (ICP) within six months after the end of the fiscal year. A completed ICP provides the contractor with their claimed rates, which, when approved, become final indirect rates for the period in question. For an adequate submission, contractors must know all the components of the incurred cost proposal and understand the proper treatment of costs to accurately calculate indirect rates.
This webinar is Part I of a two-day webinar series. During this series, Robert Jones (Left Brain Professionals) will provide step-by-step guidance of each schedule and explain the required and recommended supporting documentation. You will learn how to present adjustments to general ledger amounts and document your working papers in preparation for an audit.
Part I in this series will focus on general and job cost ledger related schedules. Here’s what you’ll learn:
- The goal of completing the general ledger schedules.
- The supporting documents necessary to complete the ICP.
- The purpose of the job-related schedules.
- Five Excel tips and functions to aid in success.
Meet Your Instructor:
Robert E. Jones
CPA, CPCM, NCMA Fellow
Award-winning speaker Robert E. Jones shows audiences how to navigate the constantly changing legal and regulatory landscape of government contracts. In his engaging and highly rated presentations, he shares insider secrets drawn from 15 years of DoD contract and accounting experience. His proactive, decisive approach to finding opportunities and solving problems is based on experience in managing more than $30 million in federal contracts.
Mr. Jones has experience with a wide variety of speaking engagements including emcee/moderator, seminars, training, chapter meetings, and conference presentations. He engages audiences with innovative approaches to contract profitability, accounting, compliance and related topics.
The West Virginia native earned a bachelor’s degree in accounting from the McColl School of Business at Queens University of Charlotte in North Carolina. He holds a master’s degree in accountancy from The Graduate School of the College of Charleston in South Carolina. He is a licensed CPA in the State of Ohio.