Who should attend
Federal and pass-through entity personnel responsible for evaluating recipient financial activities and business acumen throughout the grants lifecycle will benefit from this course. Auditors and accountants who need a deeper understanding of financial reporting and compliance under 2 CFR 200 will also benefit.
About the course
Grant funders need tools and know-how to assess the financial capabilities of their recipients—before, during, and after a Federal grant award. The ability to know when and how to evaluate recipients, conduct risk assessments, and monitor activities through financial statements, audit reports, and cost analysis is vital to both a recipient’s success and yours. You will learn to apply effective methods and leverage the tools and resources to take on the responsibility of protecting grant funds.
- Evaluate a recipient/subrecipient's management capabilities using audit reports and financial statements
- Conduct a cost analysis of a grant budget
- Perform a review of a recipient/subrecipient's business management systems
- Recommend actions to protect grant funds
Evaluating Financial Capability
- Determining When to Evaluate Financial Capability
- Reviewing Financial Statements
- Reviewing Audit Reports
Conducting a Cost Analysis of a Grant Budget
- Introduction to Cost Analysis
- Reviewing Direct Costs
- Reviewing Indirect Costs
- Matching Requirements and Program Income
- Module Capstone
Reviewing Business Management Systems
- Performing a Business Management Systems Review
- Standards for Determining Adequacy
- Module Capstone
Protecting Grant Funds
- Deficiencies and Corrective Actions
- Documenting Your Evaluation
Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.
We are happy to help you find a suitable online alternative.