Course Overview
This course provides an introductory foundation for participants to understand the FAR Part 31 total cost principles, including segregation of cost by contract, direct cost charging, indirect cost groupings, and proper allocation bases, identifying unallowable costs, and properly documenting expenses. Examples of these costs include direct and indirect expenses. This module also introduces typical indirect cost pools and allocation bases and provides an explanation of indirect rates.
Course Objectives
- Identify the regulations for direct and indirect costs
- Define direct costs
- Define indirect costs
- Define pool and allocation base
- Define intermediate pool
- Explain why indirect rates are important
- Define unallowable costs
| Course Duration | 25 minutes Customization Options: This course can be customized into a half-day, 1-day, or 2-day training based on your company’s needs. |
| Course Delivery Methods | In Person Training (Individual), In Person Training (Group), Live Webinar Training, Pre-Recorded Webinar Training, Seminar Training, and Custom Training Options Available |
| CPE Credit | Available (Depending on Course Delivery Method) |
| Program Level | Basic |
| Program Prerequisites | None |
| Advance Preparation | None |
Redstone Government Consulting, Inc. 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.