CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Uniform Guidance Cost Principles

Icon_Self-Study
Self-Study
Icon_Level
Basic
Credits
CPE Credits
6 Credits: Auditing (Governmental)

Course Description

This course covers the uniform cost principles for state and local governments and for nonprofit organizations contained in Subpart E of the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. That is, the course discusses what makes a cost allowable under federal awards and what makes it unallowable. It also addresses the allowability of many specific items of costs.

While we discuss indirect costs and cost allocations, this text does not cover developing an indirect cost rate or developing an organization-wide cost allocation plan (that state and local governments must provide to the federal government).

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 Specifics

Course ID
5216013
Original Release Date
July 13, 2021
Revision Date
July 13, 2021
Prerequisites

There are no prerequisites.

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

William T. Allen

Originally from the San Francisco Bay Area, Bill has 30 years of federal audit and contract monitoring and administration experience.  He served as the U.S. Department of Education’s Regional Inspector General for Audit for Regions VII, VIII, and X.  Mr. Allen also served as Region IX’s Assistant Regional Inspector General for Audit.  In these capacities, he managed the planning, performing, and reporting for performance and compliance audits of public and private (nonprofit and for-profit) educational and health-related organizations.  He also negotiated reimbursement contracts, and overhead expense for Medicare Providers and Intermediary organizations [Insurance organizations]. He has led a peer review …

William T. Allen Read More »

Sefton Boyars

Until his retirement in October 1996, Sefton Boyars was the Department of Education’s Regional Inspector General for Audit in Regions IX and X. During his 35- year career, Sefton worked for a variety of federal and local government audit agencies. He is a member of the California CPA Society and was a long-time chair of his chapter’s combined committee on Accounting Principles and Auditing Standards and Government Accounting and Auditing. Sefton is a Certified Public Accountant, a Certified Government Financial Manager, a Certified Fraud Specialist, and a Certified Internal Auditor. He is a past chair of the Western Intergovernmental Audit …

Sefton Boyars Read More »

Uniform Guidance Cost Principles

Expert Instructors
Format
CPE CREDITS
6 Credits: Auditing (Governmental)

$174.00$204.00

Clear
Icon_Self-Study
Self-Study
Icon_Level
Basic
Credits
CPE Credits
6 Credits: Auditing (Governmental)

Course Description

This course covers the uniform cost principles for state and local governments and for nonprofit organizations contained in Subpart E of the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. That is, the course discusses what makes a cost allowable under federal awards and what makes it unallowable. It also addresses the allowability of many specific items of costs.

While we discuss indirect costs and cost allocations, this text does not cover developing an indirect cost rate or developing an organization-wide cost allocation plan (that state and local governments must provide to the federal government).

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 Specifics

Course ID
5216013
Original Release Date
July 13, 2021
Revision Date
July 13, 2021
Prerequisites

There are no prerequisites.

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

William T. Allen

Originally from the San Francisco Bay Area, Bill has 30 years of federal audit and contract monitoring and administration experience.  He served as the U.S. Department of Education’s Regional Inspector General for Audit for Regions VII, VIII, and X.  Mr. Allen also served as Region IX’s Assistant Regional Inspector General for Audit.  In these capacities, he managed the planning, performing, and reporting for performance and compliance audits of public and private (nonprofit and for-profit) educational and health-related organizations.  He also negotiated reimbursement contracts, and overhead expense for Medicare Providers and Intermediary organizations [Insurance organizations]. He has led a peer review …

William T. Allen Read More »

Sefton Boyars

Until his retirement in October 1996, Sefton Boyars was the Department of Education’s Regional Inspector General for Audit in Regions IX and X. During his 35- year career, Sefton worked for a variety of federal and local government audit agencies. He is a member of the California CPA Society and was a long-time chair of his chapter’s combined committee on Accounting Principles and Auditing Standards and Government Accounting and Auditing. Sefton is a Certified Public Accountant, a Certified Government Financial Manager, a Certified Fraud Specialist, and a Certified Internal Auditor. He is a past chair of the Western Intergovernmental Audit …

Sefton Boyars Read More »

Uniform Guidance Cost Principles

Expert Instructors
Format
CPE CREDITS
6 Credits: Auditing (Governmental)

$174.00$204.00

Clear