Govology: Incurred Cost Proposal Part II: Other Schedules, Special Issues & Templates

READ BEFORE REGISTRATION

This workshop requires you first to register with the UH PTAC by selecting the "Register Online" link below. After you have completed the UH PTAC registration, YOU MUST select the "Continue" link and you will be taken to the Govology website. On the Govology website select the "Buy now" link to complete the registration process. If you are an existing UH PTAC client, enter your coupon code during the Govology registration and the training is free for you to attend.

YOUR REGISTRATION TO ATTEND THE WEBINAR IS NOT COMPLETE UNTIL BOTH THE UH PTAC AND GOVOLOGY REGISTRATIONS ARE COMPLETED.

If you are a current client of the UH PTAC, when you register for the webinar please use the email address we currently have on file. If you do not know the email you have on file with us, please email uhptac@uh.edu and we will confirm your email address.

If you have a new email address, please let us know and we will update your record with us.

Please do not register for the webinar using your new email address until you have informed us of the new email address and we have updated your record.

Government contractors subject to the Allowable Cost and Payment contract clause (FAR 52.216-7) must submit to the government an adequate incurred cost proposal (ICP) within six months after the end of the fiscal year. A completed ICP provides the contractor with their claimed rates, which, when approved, become final indirect rates for the period in question. For an adequate submission, contractors must know all the components of the incurred cost proposal and understand the proper treatment of costs to accurately calculate indirect rates.

This webinar is Part II of a two-day webinar series. During this series, Robert Jones (Left Brain Professionals) will provide step-by-step guidance of each schedule and explain the required and recommended supporting documentation. You will learn how to present adjustments to general ledger amounts and document your working papers in preparation for an audit.

Part I in this series focused on general and job cost ledger related schedules. Part II will be focusing on other schedules, special issues, and templates.

Here’s what you’ll learn:

1. The importance of comparative analysis.
2. Three common issues with labor reconciliation.
3. The proper treatment of adjustments to the GL.
4. Four best practices when working with templates.

Target Audience: Small business owners, accountants, contract managers

Thank you!