Webinar Details

Completing the Incurred Cost Proposal

by Robert Jones from Left Brain Professionals


Course Description

Contractors performing work on flexibly priced contracts (T&M and cost-type) must submit an incurred cost proposal (ICP) within 6 months of the close of their fiscal year.  The ICP reconciles actual costs incurred with amounts billed against each contract. The reconciliation includes direct costs and allocated indirect costs. Completion of the ICP provides the contractor with their claimed rates which, when approved, become final indirect rates for the period in question.

Learning Objectives
  • Identify the requirements for submitting an ICP
  • Define the contents of the ICP
  • Locate resources for completion of the ICP
  • List common mistakes when completing the ICP
  • General knowledge of accounting rules and regulations surround government contracts.
Who Should Attend

Accounting and financial professionals who work or bid on any of the following contracts: 

  • Small Business Innovation Research/ Small Business Technology Transfer (SBIR/STTR) Phase II
  • Time and Material (T&M) contracts
  • Cost-reimbursable contracts
  • Multiple Award Contract (MAC)* or Government-Wide Acquisition Contract (GWAC)
Advanced Preparation


Presenter Details
Robert Jones

Award-winning speaker Robert E. Jones shows audiences how to navigate the constantly changing legal and regulatory landscape of government contracts. In his engaging and highly rated presentations, he shares insider secrets drawn from 15 years of DoD contract and accounting experience. His proactive, decisive approach to finding opportunities and solving problems is based on experience in managing more than $30 million in federal contracts.

Mr. Jones has experience with a wide variety of speaking engagements including emcee/moderator, seminars, training, chapter meetings, and conference presentations. He engages audiences with innovative approaches to contract profitability, accounting, compliance and related topics.

... Read more

  • robert@leftbrainpro.com
  • (614) 556-4415
NASBA Sponsor
Encoursa is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBAregistry.org.
Date & Time
Tuesday, September 10, 2019

1:00 PM EDT
(see additional timezones)

Register for this webinar

Additional Information
Cost: FREE
Credits: 1.00 hours
Subject area: Accounting (Governmental)
Course level: Basic
Delivery method: Group Internet Based
Handouts: Yes
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