1. Understanding Cost Policy: Financial Basics

Welcome to Module 1. To begin this module read the Learning Objectives, then click the red button to your right under Get Started.

Learning Objectives

  1. Practice responsible stewardship of both Stanford and sponsor funds in accordance with policy.
  2. Name and define the three major fund types.
  3. Recognize the impact of sponsored projects on every departmental financial transaction.
  4. Define Direct Costs and F&A (Facilities and Administrative) Costs, and name exampes of each.
  5. Name the four cost principles.
  6. Define Unallowable costs.
  7. Name examples of Unallowable expenses and Unallowable activities.
  8. Locate the Stanford AGM (Administrative Guide) on the DoResearch website and review Chapter 3.1, Funds Management.

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