Management Concepts

Cost Principles for Federal Grants: 2 CFR Part 200 (Subpart e) and FAR 31.2

Available dates

Dec 18—19, 2019
2 days
Washington, District of Columbia, United States
USD 849
USD 424 per day
Jan 6—7, 2020
2 days
Tysons, Virginia, United States
USD 849
USD 424 per day
Jan 15—16, 2020
USD 849
+5 more options


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About the course

Successful grants managers understand how the Federal cost principles affect their awards. Gain a firm grounding and practical experience in the concepts central to cost principles by applying them to different recipient types. Use the cost principles throughout the grants lifecycle: budget development and review, spending decisions, and site visits and desk reviews or audits. This is a core course in all tracks of the GMCP™.

Learning Objectives

  • Summarize the general history of the cost principles and how they currently apply
  • Conduct research using the cost principles to answer cost allowability questions
  • Practice applying the cost principles to on-the-job scenarios

Course Topics

Development and Applicability of the Cost Principles

  • Development of Governmentwide Cost Principles
  • Cost Principles Applicability

Basic Concepts

  • Allowability
  • Reasonableness
  • Allocability
  • Direct and Indirect Costs
  • Selected Items of Cost
  • Complex Questions Relating to Allowability

Using and Applying the Cost Principles on the Job

  • Budget Development and Review
  • Spending Decisions
  • Documenting Costs
  • Site Visits
  • Audits and Audit Resolution

Who should attend

Anyone involved in grant-related financial actions will benefit from this course. Participants who completed this course prior to implementation of 2 CFR 200 would benefit from retaking this course to understand the changes.

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