Cost allocation: What changes and what stays the same with COVID-19

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Cost allocation: What changes and what stays the same with COVID-19

4/14/2020 11:00 AM - 12:00 PM (CT)

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Training Seminar Outline

Advanced Preparation: None
Level:   Intermediate
Prerequisite: None
Field of Study:   Specialized Knowledge
CPE*:  1.0 credit(s)

Description

Cost allocation is the organization’s method of allocating costs to its programs and supporting services to the extent each program or service bears its fair share in accordance with the relative benefits received. During emergencies, agencies still need to follow regulations while adjusting on the fly to meet staff and community needs.

An organization’s defined method of allocation should be simple and straightforward and comply with its approved policies and procedures. Using the Uniform Guidance regulations, we will review allowable methods of cost allocation including direct costing and indirect cost rates and discuss suggestions on how your organization may use cost allocation to run more efficiently and effectively. We will discuss the cost principles that cover the costs a grant-funded program can charge to federal grant awards. General principles, allowable costs, unallowable costs and costs that require prior approval will be discussed.

Learning Objectives:

1. Discuss the regulations that cover cost allocation.
2. Identify added guidance from funding sources because of COVID-19.
3. Explore direct costing and the challenges.

Registration Fee: $95 per connection

My Wipfli Nonprofit and Government Membership Service members automatically receive an additional $25 discount per registrant!

Cancellation Policy
Notice of cancellation must be received 24 hours prior to start time of the webinar for a full refund of registration fees. If Wipfli cancels the webinar, you will be notified 24 hours prior to the webinar via email. All registration fees will be refunded. For questions or concerns, please call 888.876.4992.

*CPE

To receive continuing professional education (CPE) credits (live webinars only), you will need to complete and submit a CPE request form within three business days of the webinar. A link to the form and directions to submit it are included in a webinar access email you will receive 24 hours prior to the start of webinar. Payment is processed at the time of registration. The webinar must be paid in full to receive CPE credits. You will receive a certificate via email within 14 business days of the webinar presentation.

National Registry of CPE Sponsors: Wipfli LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the national Registry of CPE Sponsors through its website: www.NASBARegistry.org.