Allowable Costs under Uniform Guidance
Author: Diane Edelstein
| CPE Credit: |
2 hours for CPAs |
Along with following grant agreements the nonfederal entity must follow the requirements of Uniform Guidance. The Cost Principles are laid out in subsection E and various appendices of Uniform Guidance. We will cover the basic considerations, direct and indirect costs, special considerations and general provisions for selected items of cost.
Publication Date: February 2024
Designed For
Accountants and Auditors that work with Federal Awards
Topics Covered
- Uniform Guidance Overview
- Cost Principles Subpart E: Uniform Guidance
- Allowable Costs
Learning Objectives
- Identify the requirements under Uniform Guidance
- Identify what sections of UG contain guidance
- Recognize what is an allowable cost
- Identify the difference between direct and indirect costs
- Identify the different rules for governments, higher education and nonprofit organizations
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Accounting (Governmental) (1 hour), Auditing (Governmental) (1 hour)
Program Prerequisites
None
Advance Preparation
None
