This two day workshop provides hands-on experience in turning the Incurred Cost Electronically (ICE) model into a company submission. Participants will walk step-by-step through the process of preparing an incurred cost submission for a company with multiple contract types and burden rates. The class case study begins with an exercise for identifying data requirements and reconciliation to accounting records. The case study continues with the setup features contained in the ICE model. Participants will prepare the direct cost schedule, the pool schedules and the allocation base schedules. Participants will prepare the Cumulative Direct and Indirect Costs Claimed and Billed by Contract and Subcontract. Participants will also prepare other required schedules and review content for the optional schedules. Each step in the process will be accompanied by discussion of the various methods that can be used to complete the step and different tips and pitfalls for alternative rate structures. After participants have gained a strong working knowledge of the ICE model through the primary case study, we will walk through the setup for a series of different rate structures. Participants will also learn how to modify the ICE model beyond the basic setup features to fit their company’s structure – and more importantly – how NOT to modify the ICE model so as to maintain the integrity of the model’s integrative features. A discussion session regarding advanced challenges will conclude the workshop.
Basic MS Excel skills are needed including ability to navigate among multiple worksheets, understanding of distinction between inserting rows or columns and inserting cells, and interpreting cell references, e.g. ‘worksheet name’!CR.
Please bring your laptop with MS Excel to participate in the interactive aspects of this class.
11 CLE/ 1.1 CEU/ 13 CPE (Finance) credits may be earned for this course. This course is recommended for 16 CLP credits.
This course has been approved for CLE in CA, PA, VA and TX. Because this activity has been approved in another CLE jurisdiction, you may also receive credit for participation in AK, AZ, AR, CO, FL, HI, IL, ME, MT, NJ, NY, ND, and WI (additional state requirements may apply). If you are seeking CLE credits for a jurisdiction other than the ones listed above, please contact us for additional information.
course can be submitted to Project Management Institute (PMI) for PDU.
Upon their approval, it may be worth 11 PDU credits.
Monday, September 25, 2017 - Tuesday, September 26, 2017 9:00 AM - 4:00 PM
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The Public Contracting Institute1725 I (Eye) Street NWSuite 100(Farragut Metro)Washington, District of Columbia 20006
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