Course

Course Summary
Credit Type:
Course
ACE ID:
NPII-0038
Organization's ID:
CON-170
Location:
Classroom-based
Length:
10 days (80 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 Introduction to Accounting
Description

Objective:

The course objective is to provide foundational knowledge of contract cost and price analysis.

Learning Outcomes:

  • Demonstrate ability to execute fundamental quantitative pricing skills
  • Identify the contract cost principles and procedures
  • Recognize the essential elements of a market research report
  • Describe the Truthful Cost or Pricing Data statute, including its purpose in mitigating government cost risk
  • Successfully differentiate between direct and indirect costs
  • Successfully summarize the evaluation of direct material and subcontract costs
  • Demonstrate the ability to execute fundamental quantitative pricing skills
  • Accurately differentiate between price analysis techniques and between price and cost analysis
  • Differentiate among financing arrangements, their order of preference, and the situations for use
  • Determine an appropriate contracting strategy, including the contract type and other incentives
  • Summarize the contractor business systems that must be found compliant for the award and payment of government contracts
  • Demonstrate ability to complete a settlement action relating to defective pricing
  • Identify the policies and procedures for applying the Cost Accounting Standards Board (CASB) rules and regulations to negotiated contracts and subcontracts
  • Successfully summarize the evaluation of indirect costs
  • Successfully distinguish various seller pricing strategies
  • Demonstrate ability to calculate facilities capital cost of money (FCCOM)
  • Demonstrate ability to employ the weighted guidelines for calculating negotiation profit objectives

General Topics:

  • Quantitative methods
  • Net present value
  • Contract-type considerations
  • Market research, the Truthful Cost or Pricing Data statute, and Cost Accounting Standards (CAS)
  • Cost versus price
  • Price analysis
  • Cost analysis and direct costs
  • Indirect costs and profit
  • Performance-based payments and negotiations
Instruction & Assessment

Instructional Strategies:

  • Classroom Exercise
  • Computer Based Training
  • Discussion
  • Lectures
  • Practical Exercises

Methods of Assessment:

  • Examinations

Minimum Passing Score:

80%
Supplemental Materials