RRU 02: The ABC's of Cost Policy

This course is an in-depth study of the federal costing principles and provides department administrators with the knowledge and resources to ensure compliance with federal regulations and institutional policy.

After completion of this course, participants will be able to:

  • Understand the regulatory environment governing award management
  • Effectively apply the four cost principles when submitting, reviewing, and monitoring project costs
  • Distinguish between allowable and unallowable costs and direct and indirect costs and effectively apply these principles to sponsored projects and cost share funds
  • Locate and understand the basis for institutional policies and procedures addressing direct charges and cost share
  • Effectively evaluate additional compensation for compliance with federal regulations and institutional policy
  • Prepare direct charge documentation that is clear, concise, complete, accurate, and timely
  • Summarize how the F&A rate is calculated and understand the F&A recovery and allocation process at TTU