Financial Management and Cost Principles
This virtual training will review the financial management and allowable cost sections of 2 CFR Part 200 – Uniform Administrative Cost Requirements, Cost Principles, and Audit Requirements for Federal Awards (the Uniform Guidance, or UGG). All non-federal entities must maintain proper cash management procedures. This webinar will discuss the applicable financial management rules, including how to record and use program income, applying credits to federal awards in line with the regulations, and how to properly document matching funds and services. This presentation will also provide participants with an overview of the cost principles and selected items of cost found in Part 200 of the Uniform Grants Guidance. This presentation will also include an overview of best practices for compliant allowability procedures and internal controls, and review all relevant factors that non federal entities must consider when determining allowability of costs.
10+ Attendees qualify for a 10% group discount. For assistance with group discounts, email us at email@example.com.
Cancellations must be submitted in writing to firstname.lastname@example.org at least 48 hours prior to any virtual training to receive a full refund.
Who Will Benefit?
This virtual training is of value to all federal granting agencies, federal grant recipients, and everyone who works with federal grants, including:
- Grant and program administrators
- State, district and school personnel
- Program monitors
What Will You Learn?
Attendees will learn:
- What the federal rules say regarding cash management procedures;
- The basic factors of allowability including what consideration must be given to determine whether a cost is necessary, reasonable and allocable;
- What counts as an applicable credit, and this fits into proper cash management;
- What questions to ask in making allowability determinations and how to identify circumstances that make a cost unallowable.
Brustein & Manasevit, PLLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education (CPE) on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: http://www.learningmarket.org.