Cost Principles for State and Local Governments and Nonprofit Organizations

Cost Principles for State and Local Governments and Nonprofit Organizations
Click to enlarge
Price: $59.99
Credits: 7
Prerequisite: None
Level: Basic
Model: LH06
Author: Leita Hart-Fanta
Average Rating: Not Rated
Fields of study: Auditing (Governmental)
Format: PDF

Cost Principles for State and Local Governments and Nonprofit Organizations

Let Sefton and Bill, auditors with over 70 combined years of federal, state, and municipal audit experience, guide you through the dos and don’ts of spending federal grant dollars. Truth is stranger than fiction when it comes to the creative way that grantees use their grant resources. Auditors of federal programs use the cost principles as criteria to evaluate compliance with contract provisions. The cost principles apply to almost all federal grant programs and contain specific prohibitions against entertainment and some legal fees. The cost principles also advise grantees on how to document payroll expenditures.

After finishing the course, participants will be able to:

  • ·         Differentiate between principles applicable to state and local governments and nonprofits
  • ·         Define key government regulators and their related acronyms
  • ·         Sequence the four layers of rules governing grants
  • ·         Judge whether an item of cost is allowable per the cross-cutting principles
  • ·         Detect which allowability principle has been violated
  • ·         Distinguish between an indirect cost and a direct cost
  • ·         Judge which professional service costs are allowable under a federal award
  • ·         Distinguish between idle capacity and idle facilities and related allowable costs
  • ·         Identify under which conditions morale costs, fines and penalties, insurance, interest, and membership costs are allowable costs
  • ·         Distinguish between allowable and unallowable pre-award costs, taxes, and travel costs


Program Level: Basic

172 pages of text

Who Should Attend: Grantee and pass-through organizations, federal grant personnel, and auditors of federal grant programs


Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : 
Auditors of government programs looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

Write Review
Your Name:

Your Review: Note: HTML is not translated!

Rating: Bad            Good

Enter the code in the box below:

There are no additional images for this product.
No Records.