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Finance & Administration > Finance > Grants and Contracts Accountingprint
Grants & Contracts Accounting

 

A Guide for Determining Allowable Costs
to Sponsored Agreements 


TABLE OF CONTENTS

I Purpose of Training Session
II Glossary
III Overview of A-21
A. Certification of Direct Cost
B.  Certification of F&A Cost
C. Allowable/Unallowable Expenses Certification
D. Simplified Version of MUSC's F&A Research Cost Rate
E. Example of Expenses Disallowed by the Federal Government
F. Penalties
IV Classification of Expenses
A. What is an Allowable Expense? 
B. Expenses Unallowable for the F&A Cost Rate Study and for State Funds
C. Activities and Expenses Which are Unallowable for the F&A Cost Rate Study but Allowable for MUSC
D. Recording Transactions Correctly
V Establishment of Projects at MUSC
A. Procedures for Establishing a Sponsored Agreement 
B. Procedures for Establishing Cost Share / Matching Projects
C. Procedures for Establishing Overrun Sponsored Agreement Projects
D. Procedures for Establishing Unallowable Activity Projects
VI Quick Reference
VII Practice Exercises and Answers
VIII APPENDIX 
A. Expense Review for Sponsored Agreements
B. Procedure for Cost Transfers on Sponsored Agreements
C. Certification of Expenses
D. Procedure for Coding Unallowable Expenses
E. A-21 Evolvement (History)
F. General Provisions For Selected Items of Cost - BRIEF REFERENCE
G. General Provisions for Selected Items of Cost - CIRCULAR A-21 
H. Flowchart for Budget Revision of Sponsored Agreements
I. Schedule of Commonly Used Account Codes
J. Sources of Funds and Functions under the "Reporting" Element of the UDAK (Smartstream web site)
   

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Page last updated:03/31/2009

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