Breakfast Seminar - Incurred Cost Submission

Incurred Cost Submission

Breakfast Seminar 9am to 11am

Topics Covered:

• What is the purpose of the Incurred Cost Submission (ICS)?
• When do you need to complete an ICS?
• The DCAA ICE Model – Do you need to use it?
• The Inadequacy Letter
  1. How to respond
  2. Common mistakes
• Schedule L: How close to you need to be?
• When is a revision important?
  1. Does it paint a less favorable picture if I submit a revision?
  2. How late can I submit a revision?
• Schedule K: billed versus incurred.
  1. Other Direct Costs amounts
  2. G&A
• Schedule I: What is the meaning?
  1. What contract types are included?
  2. What are the sources of the incurred amounts?
  3. What are the sources of the billed amounts?
  4. If I have a large variance, should I be worried?
• What is the relationship between the ICS and an incurred cost audit?

Who should attend:

• Those preparing the ICS requirement for the first time.
• Those wanting a better understanding of the implications of the ICS.
• Those wanting a better understanding of the inadequacies from prior submissions.