MUSC-- A Guide For Determining Allowable Costs to Sponsored Agreements

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)
X	Other Resource Materials

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Last Modified:
10/16/03