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CGMS STUDY GUIDE WITH COMPLETE SOLUTIONS

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2025/2026 Written for academic year
Institution CGMS
Course CGMS
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CGMS STUDY GUIDE WITH COMPLETE SOLUTIONS

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CGMS STUDY GUIDE



Subpart A - Acronyms and Definitions - Correct Answers -

Subpart B - General Provisions - Correct Answers -Applicability
Exceptions
Federal Agency Implementation
Conflict of Interest and Mandatory Disclosures

Subpart C - Pre- Award Reqts and Contents of Fed' Awards - Correct Answers -
Purpose and Highlights
Fixed Amount Awards
Notice of Funding Opportunities
Application
Merit Based Review
Risk Posed by the Applicant/Risk Assessment
Cost Analysis
Specific Conditions
Certifications and Award Notice

Subpart E - Cost Principles - Correct Answers -Basic Considerations
Factors affecting Allowability
Prior Written Approval
Limitations on the Allowance of Cost
Cost Principles Continued
Special Considerations
Classification of Cost
Indirect Cost Rate Proposal/De Minimis Rate


Subpart D - Post Award Requirements - Correct Answers -Internal Controls
Performance Measurement
Financial Management of a Grant
Payment
Cost Sharing or Matching
Program Income
Revision of Budget and Program Plans
Property Standards
Procurement Standards
Performance and Financial Monitoring

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