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Sponsored Programs Costing: Difference between revisions
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*Reasonable - It must be necessary for the performance of the program | *Reasonable - It must be necessary for the performance of the program | ||
*Allocable - It must be easily identifiable with the project and be assigned to the project only in accordance with the benefits received by the program | *Allocable - It must be easily identifiable with the project and be assigned to the project only in accordance with the benefits received by the program | ||
*Allowable - Costs that are reasonable; allocable to sponsored agreements under the principles and methods outlined in [http://www.whitehouse.gov/omb/ | *Allowable - Costs that are reasonable; allocable to sponsored agreements under the principles and methods outlined in [http://www.whitehouse.gov/omb/circulars_a021_2004/ OMB Circular A-21]; given consistent treatment thorough application of those generally accepted accounting principles appropriate to the circumstances; conform to any limitations or exclusions set forth in OMB Circular A-21 or in the sponsored agreement as to types or amounts of cost items. | ||
Consistently Applied - The cost must be treated consistently as either a direct cost or a facilities & administrative (F&A) cost when incurred under like circumstances. | Consistently Applied - The cost must be treated consistently as either a direct cost or a facilities & administrative (F&A) cost when incurred under like circumstances. | ||
==Policy == | ==Policy == | ||