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Indirect Cost and Cost Allocation Plans

In this Indirect Cost and Cost Allocation Plans eLearning course from Thompson Grants, Karen Norris, a nationally recognized consultant in the grants community, discusses the changes in the uniform guidance related to calculating and charging indirect costs to federal grants. The course includes:

  • an overview on indirect cost rates, including developing and submitting indirect cost rate proposals;
  • how the rules governing indirect costs have changed;
  • and provides practical examples how agencies can prepare for these changes.
Learn about the complex issues related to differences for indirect costs and cost allocation plans from the prior OMB circulars to the uniform guidance, what types of rates are available, what formulas are used to calculate indirect costs and why one formula may be a better choice over the others. Other considerations for indirect costs and cost allocation plans including potential problems that may lead to audit findings are also presented. The course highlights the need for nonfederal entities to revise local policies and procedures to align with indirect cost and cost allocation plan requirements under the uniform guidance.

All course participants will receive 7 GPCI Credits

Course Availability

You may choose to participate in this course over a 12-week schedule with other students or you can participate at your own pace, which gives you complete control over when and where you choose to engage with the training.

  • Winter Session: January 6 - March 30, 2020 | Enter WINTER at checkout
  • Spring Session: April 6 - June 29, 2020 | Enter SPRING at checkout 
  • Summer Session: July 6 - September 28, 2020 | Enter SUMMER at checkout
  • Fall Session: October 5 - December 28, 2020 | Enter FALL at checkout
  • OnDemand eLearning: No Promocode needed at checkout

Course Outline

Introduction
Module 1
: Gain Awareness of Direct and Indirect Costs
Module 2: Recognize Changes to Indirect Costs
Module 3: Distinguish Between Different Indirect Cost Rates
Module 4: Identify Formulas for Calculating Indirect Costs
Module 5: Review Considerations to Obtain an Indirect Cost Rate
Module 6: Identify Key Requirements for Cost Allocation Plans
Module 7: Detect Potential Problems with Cost Allocation Plans
Module 8: Recognize Changes to Cost Allocation Plans
Final Quiz

Pricing

  • Students 1-9: $395 each
  • Students 10-24: $195 each
  • Students 25+: $95 each
Want to place this course on your own LMS?
This course is also available for licensing with unique customization and branding! Additionally, the SCORM compliant format can be uploaded to most major LMS platforms. For inquiries please contact Thompson Client Services at 800-677-3789 or service@thompson.com

Meet Your Instructor

Karen Norris

Karen Norris, is nationally recognized in the grants community as a consultant and Subject Matter Expert (SME) for kanoco - a Karen Norris Company in Gaithersburg, MD. She has experience in grants for more than 20 years, previously for educational institutions in Maryland, as managing editor for Thompson publishing, and currently as a consultant. Norris has served on Boards of Directors of professional associations. She presents at state and national conferences. Norris provided testimony to the Maryland General Assembly about the de minimis indirect rate, and to the U.S. Senate Subcommittee on Federal Financial Management about grants.