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DTSTART:20160406T130000Z
DTEND:20160406T213000Z
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SUMMARY:MEMBER EVENT: Incurred Cost Proposal Adequacy Requirements
DESCRIPTION:Government contractors subject to reimbursable contract payment clauses\, such as the FAR 52.216-7\, "Allowable Cost and Payment" provision must submit an adequate incurred cost submission (ICS) together with supporting data for each fiscal year within six months after the completion of those fiscal years. To establish final indirect rates and direct contract costs consistent with these important procurement provisions\, contractors must understand all components of an adequate incurred cost proposal and the costs that must be included within these submissions.\n\n\n\nOur class provides a step by step guide to the preparation and development of the Incurred Cost Submission (ICS) and is designed to show contractors how mitigate the risk of audit problems and issues.\n\n\n\nAfter completing this 8-hour course\, participants will be able to:\n\n\n	Understand the regulatory requirements and auditor expectations of the ICS components\n	Identify relevant schedules that are necessary for inclusion in an adequate ICP\n	Understand the general process for populating ICS schedules\n	Learn how cost data inserted in various schedules is interrelated with other schedule data\n	Anticipate DCAA audit expectations in its initial adequacy review\n\n\n\nFor more information\, click here.
X-ALT-DESC;FMTTYPE=text/html:<br />\n<span style="font-size:14px\;"><span style="font-family: arial\;">Government contractors subject to reimbursable contract payment clauses\, such as the FAR 52.216-7\, &quot\;Allowable Cost and Payment&quot\; provision must submit an adequate incurred cost submission (ICS) together with supporting data for each fiscal year within six months after the completion of those fiscal years. To establish final indirect rates and direct contract costs consistent with these important procurement provisions\, contractors must understand all components of an adequate incurred cost proposal and the costs that must be included within these submissions.<br />\n<br />\nOur class provides a step by step guide to the preparation and development of the Incurred Cost Submission (ICS) and is designed to show contractors how mitigate the risk of audit problems and issues.<br />\n<br />\nAfter completing this 8-hour course\, participants will be able to:</span></span>\n\n<ul>\n	<li><span style="font-size:14px\;"><span style="font-family: arial\;">Understand the regulatory requirements and auditor expectations of the ICS components</span></span></li>\n	<li><span style="font-size:14px\;"><span style="font-family: arial\;">Identify relevant schedules that are necessary for inclusion in an adequate ICP</span></span></li>\n	<li><span style="font-size:14px\;"><span style="font-family: arial\;">Understand the general process for populating ICS schedules</span></span></li>\n	<li><span style="font-size:14px\;"><span style="font-family: arial\;">Learn how cost data inserted in various schedules is interrelated with other schedule data</span></span></li>\n	<li><span style="font-size:14px\;"><span style="font-family: arial\;">Anticipate DCAA audit expectations in its initial adequacy review</span></span></li>\n</ul>\n<br />\n<span style="font-size:14px\;"><span style="font-family: arial\;">For more information\, click <a href="https://www.ncmahsv.org/20160406-3.shtml">here</a>.</span></span><br />\n<br />\n<br />\n<br />\n&nbsp\;
LOCATION:Dynetics Solutions 1004 Explorer Boulevard Huntsville\, AL
UID:e.2112.6105
SEQUENCE:3
DTSTAMP:20260513T074026Z
URL:https://cm.hsvchamber.org/events/details/member-event-incurred-cost-proposal-adequacy-requirements-04-06-2016-6105
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