Course Description

This one-day elective course is designed to cover grant-related financial actions, including but not limited to budget review, required recipient reporting, and audits. Most federal personnel deal with more than one type of recipient during their career and many recipients sub-grant funds to organizations subject to a different set of cost principles. In this course, students gain a firm knowledge of the concepts central to all versions of cost principles, as well as practical experience applying each set of cost principles to assistance agreement situations.

Learning Objectives

• Apply appropriate tests to determine whether costs are reasonable
• Classify typical costs as direct or indirect
• Use the four sets of cost principles as reference tools to answer questions about allowable expenditures for sample selected items of cost, determine whether those sample costs are direct or indirect, and support answers with citations
• Review grant application budgets to determine allowable costs
• Analyze spending decisions to determine whether they are allowable

For more information, please contact businessdevelopment@bmra.com or call us at (703) 691-0868 ext. 100.