Indirect Costs Ins & Outs: Defining, Capturing, Calculating
Feb 2, 2022 - 3:00 PM (ET) - Virtual
Hosted by CFMA
About this Event
This session will provide participants with an understanding of indirect costs, how they are captured in the accounting system, and various methods of calculating indirect cost rates. Participants will review several examples of indirect cost rate calculations and discuss strategies based on the certain construction industries. Discussion will center on multiple scenarios and how different rate calculations impact estimates, contracts, and the bottom line. We will also discuss considerations for why one contractor may choose to capture costs differently than another contractor.
- Understand the importance of capturing indirect costs consistently.
- Determine appropriate and reasonable methods of capturing indirect costs and developing indirect cost rates.
- Evaluate the impact of indirect costs and rates on estimates.
Level & Prerequisites:
This is a group-live program at the Basic Level. No prerequisites or advanced preparation required.
Earn 1.5 CPE credit in the field of Accounting.
Who should attend?:
CFO’s, Controllers, Risk Managers, Business Owners, CPAs and Professional Advisors
Diana Strassmaier, CPA