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Test Your Knowledge

Monitoring Project Spending


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1. REASONS TO USE A "CONTINGENT ACCOUNT", RATHER THAN "PARK" AN EXPENSE AND TRANSFER IT LATER, INCLUDE:
  1. Transferring them later can be administratively burdensome
  2. Charging an expense to an incorrect account can cause problems, even if you plan to transfer it later.
  3. It's relatively easy to open a "contingent account."
  4. All of the above
2. MY FINAL REPORT REQUIRES EXTENSIVE DATA ANALYSIS. IS IT REASONABLE TO UPGRADE MY COMPUTER AT THE END OF THE PROJECT AND CHARGE THAT EXPENSE TO THE GRANT?
  1. Yes, but document it carefully
  2. No, you should have done that sooner
 
 
 
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