General Cost Principles - Understanding the Complexities ON DEMAND
Available Until
Your Desk
2.0 Credits
Member Price $98.00
Non-Member Price $113.00
Overview
Before this online self-study CPE course, the complexity of general cost principles in federal government grants may have been a challenge for professionals in this field. This course bridges that gap, providing a transformative learning experience led by Sefton Boyars and Bill Allen. Initially, participants may struggle with identifying allowable costs and adhering to regulations like the Prudent Person Rule and arms-length bargaining. However, this online CPE course systematically demystifies these principles, equipping attendees with the knowledge to confidently navigate the intricacies of federal grant management. Post-course, participants will emerge with a clear understanding of the “big three” general cost principles and the skills to apply them effectively. This newfound expertise will enable professionals to ensure their organizations’ compliance with federal regulations, thereby enhancing the efficiency and integrity of their grant management processes.
Highlights
Cost principles for federal grants. Allowable costs. Arms-length transactions. Allocability. Charges relate to benefits. Allocable costs. Consistent treatment. Inconsistent treatment of unemployment insurance taxes. Adequate documentation.
Prerequisites
None.
Designed For
Professionals in government and public accounting.
Objectives
Identify the general cost principles. Identify the Prudent Person Rule as it applies to the general cost principles. Identify the requirement for arms-length bargaining. Identify whether a cost is allocable to a federal award. Identify the “big three” general cost principles. Determine whether a cost is allowable under the general cost principles.
Preparation
None.
Notice
None.
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