Cost Principles for Grants: 2 CFR Part 200 (Subpart E) and FAR 31.2 (GRNT7065)

Rising Hands

Cost Principles for Grants: 2 CFR Part 200 (Subpart E) and FAR 31.2

Description:

The purpose of this course is to introduce you to 2 CFR 200, Subpart E, and the evolution of Cost Principles in Federal Programs. The goal is to demystify the regulations surrounding direct and indirect costs, indirect cost rates, and selected items of cost. We will also pay special attention to cost scenarios; what is considered allowable, allocable, reasonable, necessary; and the changes in the uniform guidance.

Duration:

2 days

Level:

Foundational

Who Should Attend?

Federal Administrators

Credits:

1.2 CEUs, 16 CLPs

Learning Outcomes:

  • Explain factors affecting allocability of costs.
  • Apply appropriate tests to determine whether costs are reasonable.
  • Classify typical costs as direct or indirect.
  • Use the four sets of cost principles as reference tools to answer questions about allowable expenditures for sample selected items of cost, determine whether those sample costs are direct or indirect, and support answers with citations.
  • Analyze grant application budgets to determine allowable costs.
  • Analyze agency and court decisions regarding grant cost disallowances.

Available Sessions:

Session Code Start Date End Date Location Tuition
Session Code GRNT7065-001 Start Date Aug 21, 2025 9:00 AM EST End Date Aug 22, 2025 5:00 PM EST Location Virtual Tuition $1,050.00

Register For Session

Bring This Class To My Location

  • Module 1 Subpart E and The Evolution of Cost Principles in Federal Progress
  • Module 2 Allowability
  • Module 3 Reasonableness
  • Module 4 Allocability
  • Module 5 Prior Approval
  • Module 6 Direct and Indirect Cost
  • Module 7 Selected Items of Cost
  • Module 8 Compliance Challenges for Both Federal Agencies and Grant Recipients

Get in Touch!

questions icon

Have a Question?

We're here to help. Send us an email or call us at 1 (888) 744-4723