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Uniform Guidance Cost Principles

Uniform Guidance Cost Principles

$174$174
  • SKU : SBWA07
  • OUR PRICE :$174
  • CREDIT HOURS : 7
Uniform Guidance Cost Principles
 
 
 
 
Course Description:
 
 

Uniform Guidance Cost Principles includes a self-study e-book delivered to you immediately upon purchase for 7 hours of CPE credit.

 
Truth is stranger than fiction when it comes to the creative way that grantees use their grant resources. Let Sefton and Bill, auditors with over 75 combined years of federal, state, and municipal audit experience guide you through the dos and don’ts of spending federal grant dollars.
 
Auditors of federal programs use the 
Uniform Guidance 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.


 
 
Learning Objectives:
 
 
Upon successful completion of this 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
  • Distinguish which costs are usually allowable and which are usually unallowable
  • Clarify which compensation charges are allowable under a federal award and what documentation is required
  • Judge which professional service costs are allowable under a federal award
  • Judge which legal costs are allowable under a federal award
  • Distinguish between lobbying costs and normal operating costs of a program
  • Determine how to treat services donated in support of a federal award
  • Determine how to recover building and equipment costs
  • Distinguish between idle capacity and idle facilities and related allowable costs
  • Identify which costs are allowable as rearrangement and alteration costs
  • Assess which rental costs are allowable
  • 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
 
Course Number:
SBWA07
NASBA Field of Study:
Auditing (Governmental)
Level:                    
Basic
Author/Instructor:
Sefton Boyars and William T. Allen
Publication Date:
June 2025
 
CPE Credits:
7
 
Program Prerequisites:
None
 
Advanced Preparation:
None
 


 

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