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 |
- 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