Earn Two Critical Certifications for Federal Grant Professionals. Master 2 CFR 200 to help your nonprofit and career.
In 2024, navigating the intricate rules of federal grant management is critical for your nonprofit's success. Essential to this process is a thorough understanding of federal grant rules, which mandate strict adherence to intricate requirements for allowable costs and timekeeping. Your
commitment to compliance is a legal obligation and a strategic step towards ensuring your nonprofit's integrity and financial health.
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To help you understand the detailed 2 CFR 200 rules and ensure compliance, we have an extensive professional program to give you the powerful tools you need to master federal grant compliance. This program will enable you to earn two valuable certifications that demonstrate your expertise.
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2 CFR 200 Mastery: Grant Cost Rules & Timekeeping Certification
Part 1: Grant Cost Rules Certification: 2 CFR 200 Mastery
Session 1: Allowable Costs
- Strings attached to federal grant funds under 2 CFR 200
- U.S. government grant cost principles
- Principles and processes involved in building budgets
- Responsibilities of financial officers, project managers, and project partners to manage the use of grant funds
- Building budgets
- Cost allocation decisions and expenditures
- Audit issues related to allowable costs and risks
Session 2: Indirect Cost Rates And Cost Allocation Issues: Best Practices Under 2 CFR 200
- Best practices for documenting indirect cost activities
- Federal rules for cost allocation
- Indirect cost rates and entity types
- Typical areas of focus for government auditors
Session 3: Advanced Indirect Cost Allocation: Optimizing Your Preparation and Reducing Risks
- Specific examples of how to apply the indirect cost allocation rules
- Preferred rate types
- Appropriate use of the de minimis 10% rate
- Direct cost base options
- Pooling indirect costs
- Negotiating a federal rate
Part 2: Timekeeping Certification: 2 CFR 200
Session 1
- Key Time and Effort Keeping Standards #1 – 4
- Important related 2 CFR 200 Compliance
- Requirements Our Key Frequently Asked Questions Part I
Session 2
- Key Time and Effort Keeping Standards #5 – 7
- Important Nonprofit T&E Internal Controls and Practices
- Critical FAQs Part II
Session 3
- Key Time and Effort Keeping Standards #8 – 10
- Federal Audit Focus Areas and Special Lessons Learned
- Your Vital FAQs Part III