Course Description
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CreditsCPE Credits: 6 Course AvailabilityClick on Course Offerings to Register |
Course Agenda
Module 1
Understand Cost Applicability
- Examine the different cost principles for federal, state and local governments, universities, nonprofi ts and for-profi t organizations
- Review the proper fl ow through to sub-recipients to navigate the grants cost process
Module 2
Cost Allowability
- Determine whether a cost meets the criteria of being reasonable, allocable and allowable
- Review grant application budgets to familiarize yourself with cost allowability
Module 3
Direct and Indirect Costs
- Understand the differences between direct and indirect costs in the grants process
- Classify costs as direct or indirect based upon the treatment of that cost within the accounting system
Module 4
Selected Items of Cost
- Locate cost items in the cost principles and program guidelines
- Review factors affecting grant allocation of indirect costs
Module 5
Using and Applying Cost Principles
- Review and develop your budget while adhering to grant guidelines
- Identify items and procedures in your budget that would be reviewed in a grant audit
Module 6
Tips on Cost Principles
- Gain insight into grant cost disallowances by exploring agency and court decisions
- Negotiate with vendors on budget items that are consistent with your cost principles