SFC (RETIRED) JOE DAVIS UPDATE OF THE DAY

(so glad this COURSE is done) on to INDIRECT/DIRECT RATES next MONTH

* I HAVE BEEN IN CLASS WITH THE DEFENSE ACQUISITION UNIVERSITY ALL WEEK TAKING THIS CLASS FOR ON THE JOB(DCMA) TRAINING AND JUST FINISHED UP TODAY*

CMC 234 Cost Accounting Standards Administration
ADMINISTRATION OF COST ACCOUNTING STANDARDS
CMC234 Cost Accounting Standards (CAS) Administration is an advanced level, blended learning course for the Administrative Contracting Officer (ACO), the Price/Cost Analyst (PCA), and the Cost Monitor (CM). The course covers the administration of the Cost Accounting Standards. Emphasis is place on creating a hands-on approach to reviewing the contractor’s disclosure statement, analyzing cost accounting practices, and evaluating the cost impact to the government. CMC234 is comprised of a Virtual Component and a Resident Component. Prerequisites: CMC130 Introduction to Indirect Rates; CON252 Cost Accounting Standards.

TERMINAL LEARNING OBJECTIVES (TLOS) AND ENABLING LEARNING OBJECTIVES (ELOS)
Pre-VILT Component

Unit 1, Lessons 1-4: Foundations of Cost Accounting Standards (CAS) Administration

TLO 1.0: Explain how the Cost Accounting Standards Board meets the Cost Accounting Standards (CAS) objectives.
ELO 1.1: Describe how the Cost Accounting Standards (CAS) Board meets its objectives.
ELO 1.2: Define Cost Accounting Standards (CAS) terms as each relates to DCMA's role.
ELO 1.3: Describe the beneficial or causal relationship between the cost and the cost objectives.
ELO 1.4: Distinguish between the contractor's direct and indirect costs.
ELO 1.5: Determine the allocation for a cost to include assignment, measurement, and allocation.
ELO 1.6: Explain the format of the individual Cost Accounting Standards.
ELO 1.7: Explain the concept of homogeneity.
ELO 1.8: Group functions, activities, and related costs using the concept of homogeneity.
ELO 1.9: Explain the importance of the Disclosure Statement to the procurement process of goods and services.
ELO 1.10: Describe the contents of eight parts of the Disclosure Statement.


VILT Component

Unit 2, Lessons1-3: Tying Cost Accounting Standards Board (CASB) Concepts and Structure to CAS 401 and 402

TLO 2.0: Given a Cost Accounting Standards (CAS) scenario, examine costs for consistency using the Cost Accounting Standards Board (CASB) objective and CAS 401 and 402.
ELO 2.1: Analyze how the Cost Accounting Standards Board (CASB) is meeting its objectives using CAS 401 and 402.
ELO 2.2: Interpret Cost Accounting Standards (CAS) rules and regulations using prefatory comments and preambles.
ELO 2.3: Given a scenario, determine cost pool homogeneity using applicable homogeneity tests.
Unit 3, Lesson 1: Disclosure Statements and Cost Accounting Practices

TLO 3.0: Given a scenario, evaluate a Disclosure Statement for adequacy and compliance in accordance with Cost Accounting Standards (CAS) and FAR Part 31 requirements.
ELO 3.1: Identify the criteria used in determining whether a Disclosure Statement is adequate and compliant.
ELO 3.2: Given a scenario with a completed Disclosure Statement, describe the methods or techniques for assignment, measurement, and allocation.
ELO 3.3: Given a scenario, revise a Disclosure Statement for adequacy and compliance.
Unit 4, Lesson 1: Cost Accounting Practice (CAP) Changes

TLO 4.0: Given a revised Disclosure Statement, analyze the Cost Accounting Practice (CAP) change applied to determine whether it is noncompliant.
ELO 4.1: Explain the conditions under which a Cost Accounting Practice (CAP) change may occur.
ELO 4.2: Describe exemptions from Cost Accounting Practice (CAP) changes.
ELO 4.3: Examine Disclosure Statements containing various types of Cost Accounting Practice (CAP) changes to identify those that are noncompliant.
Unit 5, Lesson 1: Cost Impact Process

TLO 5.0: Given a scenario, use the Cost Impact Process to negotiate an agreeable resolution with the contractor.
ELO 5.1: Explain the process to resolve Cost Accounting Practice changes and Cost Accounting Standards noncompliance.
ELO 5.2: Given a scenario and associated contract artifacts, use materiality criteria to assess cost impact.
ELO 5.3: Given a scenario, perform a detailed cost impact (DCI) for each revision to the Disclosure Statement that triggered Cost Accounting Practice changes.
ELO 5.4: Given a scenario and associated contract artifacts, use offsets to calculate increased costs to the Government.
ELO 5.5: Explain the administrative actions required to close out the cost impact.




ASSIGNMENTS AND GRADING
Instruments / Requirements

Value

Weight

Unit 1: 6 x Discussion Boards

25

5%

Unit 1: A World Without CAS Assignment - Pre-VILT

25

5%

Unit 1: Disclosure Statement Assignment

50

10%

Unit 1: Contractor Case Study Worksheet

50

10%

Unit 2: A World Without CAS Assignment - Resident

25

5%

Unit 2: Homogeneity Assignment

25

5%

Unit 3: TAD and GDI Revisions to Disclosure Statement

50

12%

Unit 4: TAD CAP Changes Assignment

50

12%

Unit 4: TAD Audit Issues Assignment

50

12%

Unit 5: TAD DCI Process – Rate Recomputation Assignment

50

12%

Unit 5: TAD DCI Process – Cost Impact Assignment

50

12%

You must achieve at least 80% cumulative average to successfully complete this course.

Accessible Course Materials Information (Section 508):

For certain course materials, you will see a 508 Accessible option for each lesson in the Virtual Component. This material is in .PDF format and can be downloaded, saved, and printed.