Time & Effort Reporting for Federal Grants
Total Credits: 1 including 1 Accounting (Governmental) - Technical
- Average Rating:
- 54
- Categories:
- Accounting and Auditing | Industry | ACPEN Industry Institute
- Faculty:
- Paul H. Calabrese
- Course Levels:
- Basic
- Duration:
- 1 Hour
- License:
Description
Federal grants and cooperative agreements are high risk agreements because they involve mandatory time and effort reporting. We will discuss what is involved with
timekeeping for Federal awards. Specifically, what are the rules prescribed by the Uniform Guidance 2 CFR 200. We will identify a hidden minefield of labor costs based on time reports as they become a part of a “claim” to the US Government. An actual “war story” will back up our assertion. Our presentation includes a practical interpretation of the regulations, best practices and sample forms.
Basic Course Information
Learning Objectives- Understanding that time charges represent a “claim” to the US Government.
- What happened to a university that did not adhere to the Uniform Guidance.
- Learning what are the Uniform Guidance's expectations regarding time and effort reporting.
- What would you do if an organization did not use timekeeping records to support labor cost.
- Understanding what are the best industry practices regarding grant timekeeping.
Major Subjects
- Grant timekeeping
- What the Assistant US Attorney General stated about problematic time reporting
- Mandatory do's and don't's for nonprofit organizations
- What expectations are not explained in the regulations
- Useful timekeeping forms and controls
Course Materials
| Important CPE Credit Instructions_READ BEFORE WEBCAST UPDATED (442.7 KB) | Available after Purchase | ||
| Slides Handout (1.4 MB) | Available after Purchase | ||
| Time & Effort Reporting for Federal Grants_Q&A (12.9 KB) | Available after Purchase | ||
Faculty
Paul H. Calabrese Related Seminars and Products
Principal, Outsourced Accounting & Advisory Services
Gelman, Rosenberg & Freedman
Mr. Calabrese has hands-on experience with the Uniform Guidance for Federal grants recipients: nonprofits, universities, hospitals, and state/local/tribal units of governments. His skill-set involves: grant cost accounting, sub-recipient monitoring, preparation of over (100) indirect rates / NICRA for several Federal agencies, developed policies and procedures, medical management systems invoicing to state Medicaid agencies and toolkit for unit cost rates for Ryan White HIV AIDS HRSA awards. Paul has developed grant and financial statement dashboards. He has performed out-sourced CFO duties, annual budgets, cash flow projections, grant draws and budget monitoring.
Additional Info
Basic Course Information
PrerequisitesNone
Advanced Preparation
None
Designed For
Public Accountants, Consultants, grant administrators, principal investigators/program managers, Awardees of Federal Grants and Cooperative Agreements which include: nonprofits, institutes of higher education, hospitals, Federal, state, local and tribal units of government.
Original Recording Date
11/2021
Course Developer
Paul H. Calabrese
Date Added to Catalog
11/16/2021
Yellow Book
Yes
Additional Information
Complaint Resolution PolicyPlease contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement
Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education 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: www.nasbaregistry.org
Instructional Delivery Method
Group Internet Based
Course Registration Requirements
Online Registration
Refund/Cancellation Policy
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
Reviews
| 5 |
|
| 4 |
|
| 3 |
|
| 2 |
|
| 1 |
|