Commercial Construction and the FAR: Best Practices from Federal Contract Regulators (Currently Unavailable)
Date: Wednesday, August 19, 2015
Instructor: Pete Ryan
| Begin Time: |
8:00am Pacific Time
9:00am Mountain Time
10:00am Central Time
11:00am Eastern Time |
| CPE Credit: |
1.5 hours for CPAs |
|
The Federal Acquisition Regulation (FAR) and Cost Accounting Standards (CAS) are a set of rules and principles meant to ensure government contracts are administered consistently with proper accountability and oversight. While a construction business may or may not work in the government contracting space, many of the regulations written into the FAR and CAS provide a benchmark for solid accounting and internal controls.
Learning Objectives
- Discuss overview of the FAR and CAS
- Assess the challenges faced by the construction industry
- Explain how concepts in the FAR and CAS can be applied to improve profitability in commercial construction including computing construction claims under the FAR and FAR clauses in contracts
- Explain calculating FAR overhead
- Discuss best practices for accounting, job cost and labor recording systems
Level
Overview
Instructional Method
Group: Internet-based
NASBA Field of Study
Accounting (1.5 hours)
Program Prerequisites
None
Advance Preparation
None
