Advanced Cost Principles: Avoiding Problem Areas & Responding to Questioned Costs
Spending decisions under Federal grants is challenging, especially with strict guidelines around what’s allowed and what isn’t. Understanding how to charge costs to grant awards and properly document decisions to defend against disallowances will enable you to manage your award more effectively. You will build on the foundational skills gained in Cost Principles for Federal Grants: 2 CFR 200 (Subpart E) and FAR 31.2 by exploring common problems and learning how to resolve issues surrounding questioned cost. This is an elective course in all tracks of the GMCP™.
- Apply a cost justification framework to support decisions about complex costs
- Identify the costs commonly questioned or disallowed and analyze how past cases have been decided
- Defend and resolve questioned costs
Cost Justification Framework
- What Is a Cost Justification Framework?
- Using a Cost Justification Framework to Develop a Supportable Decision
- Module Capstone: Supporting a Specific Cost with the Cost Justification Framework
Major Areas of Cost Disallowances
- Compensation for Personal Services
- Conflicts of Interest and Less-than-Arm's-Length Transactions
- Cost Sharing/Matching
- Indirect Cost/Cost Allocation Issues
- Questioned Costs Under Subawards
- Module Capstone: Analyzing Cost Decisions
Dealing with Questioned Costs
- What Happens When a Cost Is Questioned?
- Defending Cost Allowability Decisions
- Module Capstone: Responding to Audit Findings
Who should attend
Grant recipient accountants and project managers, auditors, Federal monitoring staff, or anyone responsible for making and documenting decisions about the allowability of complex costs under a Federal grant will benefit from this course.