Self-Study CPE Program · 3.0 Hours · ~150 Minutes
FringeQuiz: Government Contracting Accounting & Cost Compliance
A gamified qualified-learning experience for CPAs, controllers, and compliance professionals serving federal service and construction contractors. Presented by SafePath Insurance LLC / BGSA.
Measurable Learning Objectives
Upon completing this program, participants will be able to:
- Apply the FAR Part 31 cost principles — allowability, allocability, and reasonableness — to fringe benefit and compensation costs on federal contracts.
- Distinguish the fixed-cost and average-cost health & welfare methods under 29 CFR 4.175 and compute the resulting employer obligation.
- Determine the correct payroll accounting and payroll tax treatment for bona fide fringe benefit contributions versus cash equivalents under the SCA and DBA.
- Identify Cost Accounting Standards (CAS) applicability thresholds and the accounting requirements of modified versus full CAS coverage.
- Prepare for DCAA and DOL Wage & Hour audits by identifying required records, certified payroll obligations, and incurred cost submission deadlines.
- Evaluate the strategic cost impact of funding bona fide benefit plans versus paying cash-in-lieu, including payroll tax and price adjustment consequences.
Format: 3 Acts × 10 questions (~50 minutes each including memo study). Each answer generates a Compliance Memo with full regulatory citations. Your study clock, score, and streak badges are recorded and printed on your certificate. A score of 70% or higher is required to unlock the CPE certificate.
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Program Complete