With few exceptions, entities that receive federal government grants must follow certain cost principles. Violating these cost principles can result in unallowable expenditures, which can then culminate in large refunds to the granting agency. Understand the cost principles applicable to state and local governments and nonprofit organizations and learn how to ensure that costs claimed against government grants are allowable, and, therefore, reimbursable. By attending this course, you can help your clients avoid both the financial cost and the unpleasant publicity related to significant disallowances. Note: These cost principles do not cover colleges, universities and hospitals. We will discuss the concepts of allocation, but not the development of indirect cost rates.
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