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Summary
Cost
Transfer Policy
(See
Policy #6106) This policy
establishes requirements for processing transfers of direct costs to
sponsored accounts. Federal regulations, generally accepted accounting
principles, and good management practices require that all costs incurred be
appropriate to and for the direct benefit of the project charged, and that
accounting records be maintained on a timely and accurate basis. The
federal government considers an excess number of cost transfers to be a sign
of ineffective financial controls. |