With few exceptions, entities that receive federal government grants must follow certain cost principles, which, if violated, can result in unallowable expenditures that culminate in large refunds to the granting agency. Understand the cost principles applicable to state and local governments and nonprofit organizations, and learn how to ensure that costs claimed against government grants are allowable and can be reimbursed. This course will allow you to help your clients avoid the financial cost—and unpleasant publicity—related to significant disallowance.
Note: These cost principles do not cover colleges, universities and hospitals. We will discuss the concepts of allocation, but not the development of indirect cost rates.
- Regulations governing grant programs
- Rules of allowability
- Permissibility of most cost categories
- Documentation requirements
- The "Supercircular:" 2 CFR 200, Subpart E
- Identify the criteria for determining whether a cost is allowable.
- Determine the permissibility of specific items of cost.
- Recognize how to adequately document claimed costs.
Government grantees, government auditors and CPAs who conduct single audits.
Vendor:CalCPA Education Foundation
Member/Nonmember Fees:245 / 375
CPE:Auditing (Governmental) 8 hour(s)
Yellow Book Credit:Yes
California CPA Education Foundation
Cancellation or transfer requests made six(6) business days or more prior to the program, no fee assessed.
Cancellation or transfer requests made two(2) to five(5) business days prior to the program, $25 fee assessed.
Cancellation or transfer requests made one business day prior to the program, $50 fee assessed.
Day of program or no notice of cancellation, 100 percent course fee assessed.
If you transfer from an in-class course to a webcast, the above policies apply.
Remember, the COCPA reserves the right to cancel a course seven days prior to the program date. Please keep this cancellation policy in mind when making your travel plans and airline reservations. The COCPA will not be liable for flight cancellation penalties due to our cancellation.
To cancel or transfer a course, please contact the Member Services department at 303-773-2877 or 800-523-9082.