Establishing Basic Indirect Rates

This training for government contractors is designed to teach the FUNDAMENTAL processes for preparing company budgets and developing correct indirect rates that will allow a contractor to maximize the recovery of all allowable cost associated with a particular contract. The training will unravel the enigma surrounding indirect rates by providing an understanding of the basic concepts. The presentation and materials are based on Generally Accepted Accounting Principles (GAAP) and the Defense Contract Audit Agency (DCAA) basic auditing techniques. Additionally, the course covers the basic terminology, regulatory guidelines, the conduct of DCAA pre-award audits, analysis and development of the different indirect costs pools (Fringe, Overhead, and G&A), and proper allocation bases. Attendees will learn to project rates, develop business budgets, as well as learn to recognize the various rate structures. The instructor is highly seasoned in the art of crafting the indirect rate system. Course instruction is presented in an understandable and entertaining fashion and is a suitable training for government contractors.

At This Training for Government Contractors, You Will Learn:

  • Discuss Basic terminology associated with indirect costs and overhead rate.
  • Explain Definition of indirect costs and purpose in business
  • Identify the business costs elements that make up the different indirect cost pools.
  • Identify Indirect costs pools and how the allocation bases relate to these pools.
  • Explain Typical rate structure.
  • Demonstrate Logical process of analyzing your actual financial data in rate development process and how to classify this data in the rate structure.
  • Demonstrate Step-by-step guidelines on developing indirect rates.
  • Identify Contract types, risks, and profit maximization.
  • Explain DCAA audit types and how to prepare.
  • Discuss Unallowable costs and FAR part 31

Registration Information

Registration: Registration is available on our events page or by phone at 301-608-3200.

Cost: $300.00 (Subject to change)

Registrants can earn 6 CPE credits in Accounting.

Additional Information:
Prerequisite and/or advance Preparation: Building Effective Government Cost Proposals

Who Should Attend:
Business owners and staff members, contract administrators, CPA’s and CFO’s new to government contracting, government contract specialist, and other interested parties.

Advanced Preparation: None Required

Program Level: Basic

Delivery Method: Group-Live

Location: Offices of K Duncan & Company, 8701 Georgia Avenue, Suite 400, Silver Spring MD, 20910. Directions

TRAINING POLICIES: Refund Policy and Cancellations: Requests for refunds must be received, in writing, at least 30 days prior to the date of the training to receive 100% refund or credit. For more information regarding refund / complaint or cancellation policies, please contact our offices at 301-608-3200.

Additional Information

Training for Government Contractors with the National Registry of CPE SponsorsKDuncan & Company 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 final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website here.