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IND 205V Contract Government Property Management Systems and Auditing Concepts (Last Modified:05-Sep-2024)   Description THIS COURSE RETIRE AND REPLACED BY IND 2050V. ***This is an online Virtual Instructor-Led Training (VILT) course.*** Restrictions: Foreign National Students will need to contact their Country Program Manager (CPM) who will coordinate with the Security Assistance Training Field Activity (SATFA). please send an email to [email protected]. This virtual instructor led training (VILT) course provides an educational setting to apply and analyze foundational knowledge gained in IND 105 and experiential on-the-job learning in order for the journeyman to identify factors that help determine the adequacy of a Contractor’s Property Management System. Emphasis is given to fundamental auditing concepts. Course lessons will include material that will allow students to: Determine how to select the sample size for a given population Determine how to evaluate the sample and generalize to the population; Analyze the essentials required for a Property Management System audit Prepare the worksheets (i.e. spreadsheets) and narratives involved with a Property Management System Audit Determine the requirements for the disposal of contract inventory Analyze a property management case study including background information, solutions, alternative solutions, and documentation. Other course modules explore how and when the Government may take title to property under a contract; analyze the appropriate Government property and related clauses that need to be included in a contract; examine a liability court case involving Government property subject to contract risk-of-loss clausal provisions; analyze the regulatory requirements for possible contract conflicts; and examine the factors that will impact risk (high, moderate, low) within a Contractor’s Property Management System. Objectives Download Course Objectives Target Attendees Industrial Property Management Specialists and Industrial Property Clearance Specialists or those individuals assigned duties relative to the administration of Government contract property that will involve Property Management System audit responsibilities including approval/disapproval of such contractor management systems. Prerequisite(s) Required: IND 105 Contract Property Fundamentals See Notes section of this course's concept card for recommended prerequisites. Predecessor Course(s) Predecessor Predecessor Course Title PDS Code Expires On None None None None Course Length 10 class days Additional Course Information Delivery Mode Virtual Instructor Led Training Equivalent Courses None Availability All PDS Code Z3M Walk-ins Authorized Yes Pre-work required No First Offering 11/30/2020 ACE Recommended Credits EXPIRED Continuing Education Units   5.6 Continuous Learning Points  56 Reservist Retirement Points  0 Historical Allocations Mouse Over for Past CEU/CLPs Fulfillment Eligible YES Technical Requirements Click Here Notes Recommended Prerequisites: ACQ 0200 Item Unique Identification (IUD) CLM 037 Physical Inventories CON 0510 Managing Government Property in the Possession of Contractors PMT 0170 Risk Management Additional Information: Virtual classes are conducted via MS Teams. All times are in the local time zone of the DAU region assigned to teach the offering. Students are required to test connectivity with DAU IT prior to the class start date. DAU does not reimburse student phone/internet charges. The CLPs assigned to this learning activity may be used to meet professional certification and/or licensure requirements (PDUs/CPE credits).