Costing Basics Course Description

Costing Basics - This is a Core Course

This session will provide a broad overview of costing practices and guidance such as:

• Cost Accounting Standards (CAS)
• Proper use of expenditure types
• General cost allocation topics
• The life cycle of a sponsored project
• What guides our decisions

Through the training, participants will learn to:

• Define direct and indirect costs and their criteria.
• Identify resources for administrators in maintaining CAS compliance.
• Distinguish between non-allowable F&A costs and allowable F&A costs/justification.
• Explain the roles of OSP and the departments in following CAS.
• Review methods to spot potential difficulties BEFORE they become problems.

These sessions are available to anyone interested including:

• Grant administrators
• Graduate Students
• Lab technicians/Lab managers
• Fiscal technicians/Office managers involved with purchasing and charging items to sponsored projects

Class size: Limited to 20