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).
2 CPR 200, Subpart E - General Principles and Basic Premises. Test of Cost Allowability. Composition of Costs. Selected Items of Cost - Overview. Compensation for Personal Services. Costs for Services. Buildings and Equipment Costs. Additional Selected Items of Cost.
Professionals in Government and Public Accounting.
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.
Sefton Boyars, Sefton Boyars CPA
Until his retirement in October 1996, Mr. Boyars had functioned as the Department of Education’s Regional Inspector General for Audit in Regions IX and X for sixteen years. During his 35-year career, Mr. Boyars worked for a variety of governmental audit agencies, including the Internal Revenue Service; the Department of Defense; Health, Education and Welfare; the U.S. Department of Education and a California county. Mr. Boyars is active in his profession. He is a member of the California CPA Society and currently serves as the Chair of his chapter’s Government Accounting and Auditing Committee and is a member of the State Government Accounting and Auditing Committee. He also sits on the Qualifications Committee of the California State Board of Accountancy. He is a past Chair of the Western Intergovernmental Audit Forum and often served as chair or co-chair of its subcommittees and roundtables. Mr. Boyars is a past President of the San Francisco chapter of the Association of Government Accountants. He continues his active participation in his local Chapter. Mr. Boyars is an experienced trainer and has taught for many organizations, including the U.S. Department of Education, Management Concepts, the Republic of the Marshall Islands, the California State Controller, the California Association of State Auditors, the Los Angeles City Controller and the Association of Government Accountants. He received AGA’s National Education and Training Award for 1998.
Non-Member Price $200.00
Member Price $174.00