What is NICRA: Beginners Guide to Understanding NICRA
July 13, 2022 @ 11:00 am - 12:30 pm EDT
A Negotiated Indirect Cost Rate Agreement, or NICRA, is a negotiated agreement between a company and its cognizant auditor, documenting the government’s acceptance of the company’s estimated indirect rates for the next five fiscal years. The NICRA establishes the indirect rates a company may use on proposals for work with the Federal Government. Once established with one agency, this NICRA is accepted across all other agencies within the Federal Government. In this basic-level course designed for small to mid-sized organizations, participants will learn what a NICRA is, when it is needed, the pros and cons of having one, and recommendations for how to prepare the NICRA.
LEARNING OBJECTIVES
- Understand the relative terms and definitions for a NICRA.
- Learn the Pros and Cons of having a NICRA.
- Identify when to pursue a NICRA for the first time.
- Learn what is required to prepare a NICRA.
- Have the answers to the most frequently asked questions around a NICRA.
Level Beginner
NASBA (Field of Study) Accounting
CAE (Subject Domain) Operations
Prerequisites and advance preparation needed No prerequisite knowledge is required to be successful in this course. No advance preparation is required.
Reviewer Wade Tetsuka, CPA
CPE/CAE Credits 1.5
Cost Free
Delivery Group Internet Based
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INSTRUCTORS
Matt McKelvey
President, Financial & Accounting Management, Government Contracting, and Business Valuation Subject Matter Expert, The McKelvey Group, Inc.
Matthew McKelvey has over twenty-five years’ experience in Finance/Accounting, Government Contracting, Business Valuations, Process Optimization, and Training. Matt is President and CEO of The McKelvey…
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