Understanding Cost Allocation (Webinar)

Description

This training introduces participants to the concepts of direct versus indirect costs, when an Indirect Cost Allocation Plan (CAP) should be developed, the benefits of having a CAP, and when use of the de minimis rate might be appropriate. Important components of this training program are the explanation of various CAP methodologies and compliance with 2 CFR 200. After completing this training, you will be able to: • Know the difference between direct and indirect expenses • Identify resources available to help with a cost allocation plan • State the 2 CFR § 200.403 criteria to determine if a cost is allowable • State the difference between a direct and an indirect cost • Describe the benefits from having an indirect cost pool • Outline the steps of preparing an indirect cost allocation plan • Understand the allowable de minimis rate