Preparing the Incurred Cost Proposal
Format: Live webinar (on-demand recording available on December 17, 2020)
Duration: Approx. 90 minutes
Instructor: Robert Jones, Left Brain Professionals
NCMA Certifications: 1.5 CPEs
APTAC Certifications: 0.75 ATC (pending)
APTAC BOK: C.12 Financial Controls
*Your registration includes access to the on-demand recording.
An Incurred Cost Proposal reconciles actual costs incurred with amounts billed against each contract. Contractors performing work on flexibly priced contracts (T&M and cost-type) must submit an incurred cost proposal (ICP) within 6 months of the close of their fiscal year. A completed ICP provides the contractor with their claimed rates which, when approved, become final indirect rates for the period in question. This webinar will focus on the requirements for submitting an ICP, the importance of timely reconciliation and review the strategies and best practices for successful preparation and completion of your ICP.
Target Audience: Small business owners, accountants, contract managers
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, Mr. Jones 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.