2 CFR 200 Cost Principles: Ensuring Cost Allowability on Federal Awards

Ensuring allowable costs is a must for federal grant recipients and subrecipients. We'll explore key topics related to the financial/cost allowability side of grants management, including: *Grantee financial management system requirements *Key cost-related directives *The reliable framework to ensure allowable costs on your federal grants *Treatment of selected items of cost *Practical application of cost-related requirements for important grants management functions, including budget preparation, spending decisions/justifications, grant monitoring, audit/monitoring resolution and corrective action; and when prior approval is required for cost-related grant changes.