Before this online self-study CPE course, the complexity of general cost principles in federal government grants may have been a challenge for professionals in this field. This course bridges that gap, providing a transformative learning experience led by Sefton Boyars and Bill Allen. Initially, participants may struggle with identifying allowable costs and adhering to regulations like the Prudent Person Rule and arms-length bargaining. However, this online CPE course systematically demystifies these principles, equipping attendees with the knowledge to confidently navigate the intricacies of federal grant management. Post-course, participants will emerge with a clear understanding of the "big three" general cost principles and the skills to apply them effectively. This newfound expertise will enable professionals to ensure their organizations' compliance with federal regulations, thereby enhancing the efficiency and integrity of their grant management processes
Learning Objectives
Upon successful completion of this course, participants will be able to:
Identify the 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
Major Topics
Cost Principles for Federal Grants
Allowable Costs
Arms-Length Transactions
Allocability
Charges relate to benefits
2 CFR Section 200.405 Allocable costs
Consistent Treatment
Inconsistent Treatment of Unemployment Insurance Taxes
Adequate Documentation
