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AACC: Indirect Rates – Where to Start

Description

Government Contract Accounting is a specialized type of accounting required for all organizations that conduct business with the federal government.  Indirect cost rates are necessary for contract pricing and payment purposes on government contracts.  An indirect cost rate is simply a way of determining how to fairly and conveniently proportion indirect costs to a contract or activity of an organization.

Your speakers:

  • Karen Louis, CPA, PMP

As the Managing Member of WJ Technologies L.L.C., Karen Louis is responsible for the strategy and vision, building the culture, leading the senior management team and capital allocation. With over 25 years of experience in accounting and project management, she has successfully managed professional services engagements and client relationships for numerous Government contractors and Commercial firms.

  • Susan Smith, CPA, PMP, MBA

Susan Smith is the Small and Mid-Sized Business (SMB) Practice Director of WJ Technologies, working with small and mid-sized companies to assist them in selecting, implementing, and using software solutions as the cornerstone of a fully compliant accounting system. Susan is certified, by Unanet, as a Unanet implementor after attending Unanet’s extensive Partner Bootcamp training program for Project Tracking, Project Billing and Financials.

Learning Objectives

Upon completion of this course, participants will be able to:

  • Differentiate between allowable and unallowable costs and describe the treatment of each.
  • Recognize the relationship between indirect cost pools and their bases.
  • Understand the process of establishing indirect rates for your company
  • Understand how to reconcile indirect rates to the Income Statement.
Major Topics
  • Hands on exercises of how to calculate fringe, overhead and G&A indirect rates
  • How to prove your indirect rates
  • How to calculate a wrap rate
  • Unallowable cost types
Course Level
Basic
Professional Area of Focus
Accounting & Auditing
CPE Field of Study
Accounting
4
Who Should Attend

Accounting Professionals and Practitioners

Instructor(s)
Karen Louis Susan Smith
Prerequisites

None

Advanced Preparation

None

Location
 
Anne Arundel Community College- CADE Building, Room 207
101 College Pkwy
Arnold, MD 21012 US
View in Google Maps
Event Information
When
Feb 25, 2019
1:00 pm - 4:30 pm EST
Location
Anne Arundel Community College- CADE Building, Room 207
101 College Pkwy
Arnold, MD 21012 US
Total CPE Credits
4
Format
In-Person

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$50.00

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$60.00
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AACC: Indirect Rates – Where to Start


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