Cost Principles for Grants Course (Self-Paced)
IDGRNT7066

Module 1: Allowability, Allocability, and Reasonableness

• Apply the core tests for compliant costs under Subpart E.
• Differentiate direct vs. indirect costs and consistency rules.
• Document cost decisions and justifications.

Module 2: Selected Items of Cost

• Review high-risk cost categories and their specific rules.
• Practice assessing gray-area items using policy references.
• Develop defensible rationales for approvals/denials.

Module 3: Indirect (F&A) Costs and Rate Considerations

• Understand indirect cost proposals, rates, and de minimis options.
• Coordinate with cognizant agencies and apply caps/limitations.
• Tie rate decisions to budgeting and monitoring.

Module 4: Documentation, Internal Controls, and Testing

• Establish documentation standards that satisfy auditors.
• Test internal controls for cost compliance and accuracy.
• Prepare for desk reviews and Single Audit testing.

Module 5: Practical Scenarios and Case Exercises

• Analyze sample transactions for compliance with Subpart E.
• Resolve common edge cases and conflicting guidance.
• Draft corrective actions for improper cost findings.