Management Concepts

Financial Administration of Federal Grants for Recipients

Available dates

Dec 12—13, 2019
2 days
Washington, District of Columbia, United States
USD 849
USD 424 per day
Jan 8—9, 2020
USD 849
Jan 21—22, 2020
2 days
Tysons, Virginia, United States
USD 849
USD 424 per day
+13 more options


Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with Management Concepts.

Full disclaimer.

About the course

Grant recipients are charged with meeting complex fiscal obligations throughout the grant lifecycle. You will gain experience identifying financial requirements for Federal awards, preparing financial reports, and conducting desk reviews. This is an elective course in the Pass-Through and Recipient Tracks of the GMCP™.

Learning Objectives

  • Examine a notice of grant award to identify provisions that impact financial administration
  • Relate an approved project budget to a chart of accounts
  • Calculate cost share and program income
  • Properly track and charge costs across multiple programs
  • Prepare financial reports that meet federal requirements
  • Determine if prior approval of expenditures is required
  • Gain perspective for self-evaluation by creating a financial management desk review checklist, conducting a desk review of a sample recipient, and developing a list of findings and recommendations

Course Topics

Federal Requirements and Your Financial Management System

  • Impact Before, During, and After the Award
  • The Uniform Administrative Requirements
  • Cost Principles
  • Statutory and Programmatic Requirements
  • Exercise: Examining a Federal Award Agreement

Preaward Considerations

  • Elements of the Financial Management System
  • The Chart of Accounts

Revenue and Income

  • Payments and Drawdowns
  • Program Income
  • Matching and Cost Sharing
  • Exercise: Calculating Cost Share and Program Income

Handling Project Costs

  • Understanding the Cost Principles
  • Charging Preaward Costs
  • Charging Direct Costs
  • Indirect Costs
  • Salaries and Wages
  • Exercise: Allocating and Charging Trip Costs

Reporting and Using Financial Information

  • Financial Reporting
  • Using Financial Reports to Monitor Grants
  • Prior Approvals and Changes in Project Scope or Budget
  • Exercise: Reviewing and Approving Project Costs

Closing Out the Grant

  • What Is Grant Closeout?
  • Property Disposition
  • Filing the Final Financial Reports
  • Settling the Account
  • Exercise: Property Disposition

Applying Lessons Learned: Preparing for Third-Party Reviews

  • Who Evaluates and When
  • Desk Reviews and Site Visits
  • Audits of Federal Awards
  • Resolving Audit Findings
  • Capstone Exercise: Conducting a Desk Review

Who should attend

Grant recipient personnel responsible for financial-related tasks on Federal awards will benefit from this course.

Course reviews