Course info

Course Description

Sefton Boyars is joined by Bill Allen for this two-hour class on general cost principles of federal government grants. General cost principles are the rules that govern if any cost is acceptable to be charged to a federal grant. The course will cover everything from identifying the “big three” general cost principles, the Prudent Person Rule, requirements for the arms-length bargaining, and judging whether a cost is allowable. It will provide you with the knowledge of grantee and pass-through organizations, federal grant personnel, and auditors of federal grant programs.

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