Cost principles described in the Uniform Grant Guidance tell you what you can and can’t spend federal grant money on. This short video course will cover identifying whether the cost is allowable by applying the “big three” general cost principles.
Sefton Boyars and Bill Allen share funny and outrageous stories about grantees who didn’t follow the rules and the grantor’s and auditor’s response.
Grantees, grantors, pass-through organizations, and auditors will benefit from this essential knowledge needed to properly manage and audit federal grants.
Course objectives for General Cost Principals -Video Course include:
- Identify the big three general cost principles
- Identify the Prudent Person Rule as it applies to the general cost principles
- Identify the requirement for arms-length bargaining
- Identify whether a cost is allocable to a federal award
- Identify the “big three” general cost principles
- Determine whether a cost is allowable under the general cost principles
Program level: Basic
Instructional method: Video with online qualified assessment. QAS SS
NASBA Category of Study: Auditing (Governmental). Some state boards may count credits under different categories—check with your state board for more information. what is this?
Advance preparation: None
Prerequisites: There are no prerequisites
Who should attend: Grantee and pass-through organizations, federal grant personnel, and auditors of federal grant programs
Recommended CPE credit: 2 hours
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