Course Detail: FAAI - Federal Acquisition Accounting Issues in Aviation

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Overview

The Federal Acquisition Accounting Issues in Aviation Course provides criteria for a sufficient accounting system for federal contracting, instruction on the federal cost accounting standards and disclosure statement requirements, guidance on the purpose and preparation of the federal final indirect cost rate proposal, training on contract pricing and cost analysis, and tips on general navigation of the FAR. Emerging topics and decisions outlined on the websites of the Armed Services Board of Contract Appeals (ASBCA), the United States Court of Federal Claims, and the General Accounting Office (GAO) will be discussed. The use of current readings, discussions, quizzes, and the solving of exercises and problems will be utilized throughout the course. 

The Federal Acquisition Accounting Issues in Aviation Course can be taken independently, or toward the Certificate of Management in Aviation Accounting and Finance.

What You Will Learn 

Upon completing this course, students will be able to:

  • Identify federal acquisition regulations with regard to accounting and other business systems
  • Examine Cost Accounting Standards (CAS), Cost Accounting Standards Board (CASB), and disclosure statements
  • Evaluate the final indirect cost rate proposal preparation
  • Assess contract pricing and cost analysis

Key Topics

  • Federal Acquisition Regulations (FAR)
  • Cost Accounting Standards (CAS)
  • Indirect cost rate proposals
  • Contract pricing
  • Cost Analysis

Who Should Attend

As federal acquisition regulations affect a variety of individuals and departments, professionals working in various capacities across the transportation industry can benefit from this knowledge including:

  • Aviation Accountants & Accountants
  • CPAs
  • Accounting and Financial Professionals
  • Aircraft Acquisition Managers
  • Aircraft Appraisers 
  • Tax Professionals
  • Audit & Assurance Professionals
  • Finance Consultants

Continuing Education Units (CEUs)

Embry-Riddle will award the 4.0 Continuing Education Units (CEUs) to each attendee who successfully completes the course. The Federal Acquisition Accounting Issues in Aviation Course is not currently approved by NASBA to offer Continuing Professional Education (CPE) credits. 

Course Format

Course delivery will include both asynchronous and synchronous components comprised of various instructional strategies, such as Readings, Narrated PowerPoint videos, Discussion Boards, and synchronous online meetings. The best of both worlds ~ an online asynchronous self-paced course with access to a subject matter expert. Program knowledge level is identified as basic, with no required advance preparation or prerequisites. Requirements include a reliable internet connection to access the course and its materials, access to Microsoft Excel or equivalent spreadsheet-creation software, and approximately 40 hours of study.

An overall grade of 70% is required to pass the course and apply it toward the Certificate of Management in Aviation Accounting and Finance. All quizzes provide two attempts. If additional attempts are needed, a request can be submitted to the instructor.

Registration Information

The preferred method of payment is credit-card at the time of registration. If you are paying by another method of payment (wire-transfer, employer voucher, check/PO), please 'Create Profile' from the left menu and then contact Daytona Beach ProEd to submit a registration request. Please note registrations are not guaranteed until payment is received in full.

Contact Us

For questions on the Certificate of Management in Aviation Accounting and Finance and related courses, please contact dbproed@erau.edu or 386 226 6928. 

Cancellation Policy

A cancellation charge of $50 will be assessed on any standard cancellations. A late cancellation charge of 25% of the course registration fee will be assessed on cancellations occurring within 14 days of the start of the course. For additional information, please review the detailed cancellation, deferment, no-show and refund policies.

 Session Information: D0924-FAAI-O1

Schedule: The course is offered as an online, asynchronous course from September 9 to October 4, 2024. The instructor will provide virtual office hours, to supplement learning objectives and review content. The schedule for virtual office hours will be confirmed closer to the course start date. If content is covered during the virtual office sessions, they will be recorded and posted to the course.
Standard Fee : $700.00

Additional Information

Contact: Sarah Ochs
Email: dbproed@erau.edu
Tel: 386.226.6928

Instructors

Name Additional Resources
Gabrielle McClure-Nelson

Facility Detail

Daytona Beach Campus
Online Course
Embry-Riddle Aeronautical University
Online Course, - 00000