Government Contracting 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 convenience proportion indirect cost to a contract or activity of an organization. In this session, you will gain a practical understanding of Government contract accounting as it relates to:
- The nature of direct versus indirect cost
- what cost can be included in indirect rates
- An example of a three-tiered indirect rate structure
- How to prove your indirect rate calculation
Please bring a calculator to class!
Time: 10:00am to 1:30pm
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WJ Technologies is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have he final authority on the acceptance of individual courses for CPE credit.
Payments are non-refundable. For more information, please contact the UMW SBDC office at (540) 654-1383.