Why Attend This Training Course?

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Public/private Contractors face unique regulatory compliance challenges. To convey confidence and minimize risk of non-compliance, you and your team must have practical knowledge of relevant Federal Regulations and accounting methods. This course examines the cost accounting environment within which Government Contractors must comply, report, and operate.

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What Is The Training Course Methodology?

ACAD Corp’s methodology depends on enabling participants to interact and exchange experiences, explore their competencies and achieve their career aspirations, using forward-thinking training arts, such as Theoretical Lectures, Workshops, Open discussion to exchange opinions and experiences, Scenarios, innovative thinking brainstorming and teamwork, Role-play and simulation, and Audiovisual tools and materials. Participants will receive an agenda including training material as a reference, in addition to some extra notes and booklets. Training material will be presented in English and Arabic.

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Who Should Attend This Training Course?

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The training course is designed for different works management officials in organizations, subsidiary organizations of contracting officials, planning, executives' engineers, cost accountants at companies and contracting sectors and departments.

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What Are The Training Course Objectives?

• Explain the latest variables that effect cost accounting and its reflexes on cost accounting structure systems

• Differentiate types of costs and associated methods used for cost accounting in Government contracts

• Relate the configuration of a contractor's accounting system to the criteria in International Sandard Form

• Applying scientific principles of contracting cost accounting in order to calculate the actual implemented works of each item of the contracting items, compare them with the estimated costs, measure deviations and analyze its causes

• Provide examples of how the contractor's accounting system satisfies the auditor based on the audit program

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What Is The Training Course Curriculum?

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Preliminary Works Prior Contacting Works

• Contracting work planning and its applications

• GANAT CHARTS method

• C.P.M. critical path method

• Case study (I)

Preparation of Contracting work Measurements, according to Cost Estimation

• Cost estimation

• Cost control

• Deviation measurement

• Analysis and handle

• Case study (II)

Actual Accounting of the Contracting Costs

• The designing steps of the contracting cost accounting systems

• The index of the contracting cost elements

• Accounting for human work cost

• Accounting for commodity accessories cost

• Accounting for automatic work cost

• Accounting for subcontracting cost

• Accounting for other indirect elements costs

Methods of Measuring Profitability in Contracting

• The complete contract method

• The completion proportion method

• Determining Costs Charged to Contracts

• Allowability of Costs Charged to Contracts

Applied Examples of Some Contracting Types

• Buildings construction contracting

• Roads contracting

• What are Provisional Billing Rates

• Establishing Billing Rates

• Submitting the Proposal

• Billing and Monitoring Rates