Events

Government Contract Accounting is a specialized type of accounting required for all organizations that conduct business with the federal government. Indirect cost rates are necessary for contract pricing and payment purposes on government contracts. An indirect cost rate is simply a way of determining how to fairly and conveniently proportion indirect costs to a contract or activity of an organization. In this session, you will gain a practical understanding of Government contract accounting as it relates to:

• The nature of direct versus indirect costs
• What costs can be included in indirect rates
• An example of a three-tiered indirect rate structure
• How to prove your indirect rate calculation