Factors Affecting Allowability of Costs Charged to Federal Grants

Webinar • Tuesday, October 10, 2023 • 1:00-2:00 p.m. ET

Join grant expert Dan Durst for this one-hour webinar on “Factors Affecting Allowability of Costs Charged to Federal Grants”. You will gain insights into the regulatory framework, policies, and key cost principles that govern the allocation and charging of costs to federal grants. With a focus on compliance and best practices, this session aims to equip grantees with the necessary knowledge to maximize grant funds while maintaining rigorous financial accountability.

You will walk away from this webinar with a proven process that can be utilized when evaluating costs and determining whether those costs should be included in requests for reimbursement on Federal grants.  

Learning Objectives

  • Understand the Regulatory Framework: Identify the primary regulations and guidelines, such as the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, that stipulate cost allowability criteria.
  • Distinguish Between Direct and Indirect Costs: Classify costs as either direct or indirect and understand the implications of each category when charging to federal grants.
  • Assess the Four Allowability Tests: Evaluate costs using the four tests of allowability – reasonableness, allocability, consistency, and conformance with federal limitations or exclusions.
  • Avoid Common Mistakes: Recognize frequent pitfalls and mistakes grantees make when charging costs to federal grants and learn strategies to prevent them.
  • Implement Best Practices: Adopt effective practices for maintaining documentation and ensuring cost consistency to sustain audit readiness.
  • Navigate Complex Scenarios: Apply knowledge of the allowability factors to hypothetical or real-world scenarios, ensuring that costs charged to federal grants stand up to scrutiny.

Register today for Factors Affecting Allowability of Costs Charged to Federal Grants 

Who Will Benefit:

  • ADMINISTRATIVE DIRECTOR OF FINANCE
  • CHIEF EXECUTIVE OFFICER
  • CHIEF FINANCIAL AND OPERATING OFFICER
  • CHIEF FINANCIAL OFFICER
  • CONTROLLER
  • DIRECTOR OF ACCOUNTING
  • DIRECTOR OF FINANCE
  • DIRECTOR OF GRANTS AND CONTRACTS 
  • DIRECTOR OF SHARED SERVICES
  • EXECUTIVE DIRECTOR
  • PRESIDENT
  • VP OF ACCOUNTING

 


YOUR EXPERT(S):

Dan Durst Dan Durst

Dan Durst is a Managing Director in BDO’s Industry Specialty Services Group and has 15 years of experience in various accounting and compliance issues related to federal government contracts, grants and cooperative agreements. Dan’s areas of expertise include cost accounting standards (CAS), uniform administrative requirements, cost principles, and audit requirements for federal awards to nonfederal entities (Uniform Guidance), Federal Acquisition Regulation (FAR), Defense Federal Acquisition Regulation Supplement (DFARS), and Defense Grant and Agreement Regulatory System (DGARS). Dan is also well-versed in various levels of audit support including business system reviews, single audit and Inspector General audits.