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4. R&R: Cost Principles

Welcome Module 4. To begin this module read the Learning Objectives, then click the red button to your right under Get Started.

 

Learning Objectives

 

  1. Name the OMB document that incorporate cost principles for educational institutions.
  2. Name the four cost principles for qualifying the applicability of expenses to a sponsored project.
  3. Explain the concept and an example of each of the four cost principles.
  4. Explain the importance of coding costs as Allowable or Unallowable.
  5. State examples of expenses that are not Allowable for federal reimbursement.
  6. State examples of University activities that are not Allowable for federal reimbursement.
  7. Use the Decision Tree for determining what can be charged to a sponsored project.

 

Self Assessment

This step is optional. If you would like to assess your knowledge of the topics that are discussed in this module before you start learning, answer the following questions. Use the results to guide your learning.

What are the four cost principles for educational institutions? Check all that apply.
multiple
Answer: 
allowable
correct
Correct
Answer: 
consistent
correct
Correct
Answer: 
reasonable
correct
Correct
Answer: 
allocable
correct
Correct
Answer: 
Uniform Guidance
incorrect
Incorrect
An unallowable cost may be considered appropriate and reasonable by Stanford
one
Answer: 
True
correct
Correct
Answer: 
False
incorrect
At Stanford costs are defined as allowable or unallowable for reimbursement by the federal government.
one
Answer: 
True
correct
Correct
Answer: 
False
incorrect
See module 4.2
Stanford will reimburse Stanford parking permits for employees or students.
one
Answer: 
True
incorrect
See module 4.2
Answer: 
False
correct
Correct

Get Started:

4.1 Cost Principles

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