General Cost Principles FLEXCAST
Available Until
Your Desk
2.0 Credits
Member Price $98.00
Non-Member Price $113.00
Overview
Sefton Boyars is joined by Bill Allen for this two-credit class on general cost principles of federal government grants. General cost principles are the rules that govern if any cost is acceptable to be charged to a federal grant. The course will cover everything from identifying the “big three” general cost principles, the Prudent Person Rule, requirements for the arms-length bargaining, and judging whether a cost is allowable. It will provide you with the knowledge of grantee and pass-through organizations, federal grant personnel, and auditors of federal grant programs.
Highlights
Rules Regarding Allowable Costs. Cost Principles for Federal Grants. General Cost Principles. Allowable costs. Reasonable and Necessary Costs. Allocability. 2 CFR Section 200.405 Allocable costs. Shared Organizational Costs. Consistent Treatment.
Prerequisites
None.
Designed For
Professionals in Government and Public Accounting.
Objectives
Identify the general cost principle. Describe the Prudent Person Rule as it applies to the general cost principle. Describe the requirement for arms-length bargaining. Identifying whether a cost is allocable to a federal award. Identify the “big three” general cost principles. Judge whether a cost is allowable under the general cost principles.
Preparation
None.
Notice
This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.
Leader(s):
Leader Bios
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 $113.00
Member Price $98.00