Follow the Funds: Understanding Cost Allocation
OL1534 | On Demand Course | Update | Self-Study
Description
Grant accounting can be a tricky process that organizations have to learn to navigate. This session will focus on why cost allocation is important and how it can effectively be implemented in a not-for-profit organization. We will examine the new OMB regulations regarding cost allocation, indirect cost rates, and relevant 2 CFR guidance revisions. We will look at various indirect cost rate methods and what they mean for the organization. In addition, the concept of participant support will be explored. This session will give attendees resources to help them navigate the complex world of grant accounting.
This course is part of the 2025 Not-for-Profit Conference Bundle. Purchase the conference bundle here.
Credits
| Number of Credits | Type of Credits |
|---|---|
| 1.00 | Accounting (Governmental) |
Prices
- Member (Early Bird)
- $59.00
- Non-Member (Early Bird)
- $99.00
- Member
- $59.00
- Non-Member
- $99.00
Instructors
Michaelia R. Black, Ed.D., CPA
Dr. Michaelia Black is an Assistant Professor of Accounting at Lee University's School of Business in Cleveland, TN. She earned her Master of Business Administration from Indiana Wesleyan University and doctorate from Liberty University. She is a certified public accountant and member of the Tennessee Society of Certified Public Accountants.
Michaelia has spent over 18 years teaching accounting to students at various institutions. Her specialties are in cost accounting, analytics, and accounting information systems. In addition to higher education, she is experienced in non-profit accounting, risk management, internal audit, financial statement reporting, endowment funds, and grant accounting.
Back to InstructorsCameron Tucker, MBA
Cameron Tucker, MBA, serves as the Assistant Director of Student Financial Services at Lee University. In this role, Cameron oversees student accounts operations, manages financial services processes, and ensures compliance with institutional and federal regulations. Cameron began working at Lee University in the Grants Office, where he was responsible for grant accounting, budget oversight, and compliance with federal funding requirements. Cameron holds a bachelor's degree in accounting and an MBA from Lee University.
Back to Instructors