A Guide to your First NICRA


Webinar: group live presented online  ||  Attendance: 41 Associations  ||  Reviews   ♦♦♦♦♦  || Nice job. Thank you Matt || Great introduction for me to NICRA! Thank you! || Thanks Matt!! great content! || This was very helpful || He was really good at explaining a complex process! || This was extremely informative. Great presentation.

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(Note: CAE or CPE credits can only be granted to attendees of the group-live webinar presented online)


11:00 AM – 12:30 PM (EASTERN TIME)

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.

  • 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.

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 Group and is widely respected as a subject matter expert in both commercial and Federal marketplaces. He brings his extensive experience working with large, medium, and small companies to help his clients achieve the growth objectives of their owners. As a consultant and CFO, he is well known for his expertise in working with organizations as they seek to create or improve their relationships with the Federal Government through price and proposal strategies, compliance, accounting, and training. In addition to direct client consulting in these areas, Matt demonstrates his comprehensive expertise through various speaking engagements and the Government contracting courses he instructs, including Cost/Price Proposal Workshops, DCAA Audit Preparation, Earned Value Management Systems, and Incurred Cost Submissions. Matt teaches his courses through several venues including training companies, conferences, and for individual clients. The McKelvey Group is a National Association of State Boards of Accountancy (NASBA) recognized Continuing Professional Education (CPE) program sponsor providing CPE credits in accordance with nationally recognized standards. In finance and accounting, Matt supports his clients with strategic planning, alignment of their systems and processes with the plan, and/or a business valuation to assess the value of the company when it achieves that plan. This allows for ongoing financial forecasting, actual to budget reviews, and improved management reporting. These updated systems assist organizations in improving profitability and cash flow while minimizing cost and performance risk. Matt holds an MBA in Finance and Marketing and a BS in Finance. He is a Six Sigma Certified Black Belt, a member of the National Contract Management Association (NCMA), and is an Accredited Senior Appraiser with the American Society of Appraisers (ASA).
Level Beginner Delivery Group Internet-Based
CPE(NASBA Category) Accounting Reviewer Wade Tetsuka, CPA
CAE (Field of Study) Operations CPE/CAE Credits 1.5
Prerequisites and advance preparation needed No prerequisite knowledge is required to be successful in this course. No advance preparation is required. Cost $0.00
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U.S Transactions Corp. 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: www.nasbaregistry.org

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