| Description |
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Fundamentals of Cost Accounting Standards—Part I provides detailed, hands-on instruction in the various aspects of Public Law 100-679, including the rules and regulations of the Cost Accounting Standards Board, cost accounting standards, and disclosure statements for federal contracts. This course addresses only those standards applicable to modified cost accounting standards coverage. This course addresses those standards applicable to modified coverage, cost accounting practice changes and calculating cost impacts. |
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Objectives |
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Download Course Objectives |
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Target Attendees |
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CON 250 is for military officers, O-3 and above, or civilians, GS-9 and above, with at least 2 years of experience in the Contracting career field. Personnel should be responsible for cost accounting standards administration for one or more contractors or have a current (or pending) assignment dealing with cost accounting standards-related issues. |
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Prerequisite(s) |
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CON 218, Advanced Contracting for Mission Support (ONLY IF NOT Level II certification in Contracting) CLC 008, Indirect CostsRecommended: Completion of a first-year college accounting course or equivalent and completion of CON 232, Overhead Management of Defense Contracts |
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Predecessor Course(s)
(Acceptable as a substitute for this course until the acceptance date specified below.) |
| Predecessor |
Predecessor Course Title |
PDS Code |
Accepted Until |
| None |
None |
None |
None |
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Course Length |
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5 class days |
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Additional Course Information |
| Delivery Mode |
Resident |
| Equivalent Courses |
None |
| ACE Recommended Credits |
N/A |
| PDS Code |
BZM |
| Additional Public Information |
YES
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Continuous Education Units |
2.8 |
| Continuous Learning Points |
28 |
| Reservist Retirement Points |
0 |
| Historical Allocations |
Coming Soon |
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Notes |
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Participants must provide and be familiar with a basic function calculator.
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