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OMB Update – Revised Uniform Guidance 2 CFR 200: Including Performance-Based Payments, Significant Changes to the Procurement Standards and the De Minimis Rate


Total Credits: 2 including 2 Accounting (Governmental) - Technical

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Category:
Accounting and Auditing |  ACPEN Industry Institute
Faculty:
Paul H. Calabrese
Course Levels:
Update
Duration:
2 Hours
License:
Access for 30 day(s) after program date.

Dates

Price


Description

The Uniform Guidance (2 CFR 200) is revised effective November 12, 2020. The Uniform Guidance provides the rules for grants and cooperative agreements funded by the U.S. Government. The revision reflects a foundational shift to focus on enhanced results-oriented accountability for grants and cooperative agreements based on performance. As a part of President’s management agenda, the revision will improve stewardship and ensure the American people receive value for Federal funds spent on various grant programs. This update will provide an example of performance initiates by demonstrating performance-based payments using unit cost rates in lieu of cost reimbursable invoicing.

 

Basic Course Information

Learning Objectives
  • Understand the critical updates to the Uniform Guidance
  • Obtain a working knowledge of how Performance-Based Payments operate with Unit Cost Rates in Lieu of cost reimbursable invoicing.
  • Compare the precise language changes for the various policies and procedures
  • Learn the key updates organized by each revised topic
  • Ability to take action to enhance an organization’s existing procedures to conform to this important update

Major Subjects
  • New and revised definitions
  • Clarification on the use of time periods
  • Emphasis on performance and outcomes
  • Performance-Based Payments using unit cost rates in lieu of cost reimbursable invoicing
  • New cost principle
  • New prohibitions
  • New procurement preference and refocus on public policy objectives
  • Clarification on sub-recipients with no direct funding
  • Relaxing the rule for NICRA to De Minimis rate usage
  • The flexibility that no “one-size-fits-all” procurement standards

Course Materials

Faculty

Paul H. Calabrese's Profile

Paul H. Calabrese Related seminars and products: 5

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.

 


Dates

Fri, Oct 02, 2020 - 02:00pm to 04:00pm EDT
Tue, Oct 06, 2020 - 10:00am to 12:00pm EDT
Fri, Oct 30, 2020 - 02:00pm to 04:00pm EDT
Tue, Nov 03, 2020 - 10:00am to 12:00pm EST
Tue, Dec 01, 2020 - 10:00am to 12:00pm EST
Tue, Dec 29, 2020 - 10:00am to 12:00pm EST
Fri, Jan 22, 2021 - 02:00pm to 04:00pm EST
Tue, Jan 26, 2021 - 10:00am to 12:00pm EST
Fri, Feb 19, 2021 - 02:00pm to 04:00pm EST
Tue, Feb 23, 2021 - 10:00am to 12:00pm EST
Fri, Mar 19, 2021 - 02:00pm to 04:00pm EDT
Tue, Mar 23, 2021 - 10:00am to 12:00pm EDT
Fri, Apr 16, 2021 - 02:00pm to 04:00pm EDT
Tue, Apr 20, 2021 - 10:00am to 12:00pm EDT
Fri, May 14, 2021 - 02:00pm to 04:00pm EDT
Tue, May 18, 2021 - 10:00am to 12:00pm EDT
Fri, Jun 11, 2021 - 02:00pm to 04:00pm EDT
Tue, Jun 15, 2021 - 10:00am to 12:00pm EDT
Fri, Jul 09, 2021 - 02:00pm to 04:00pm EDT
Tue, Jul 13, 2021 - 10:00am to 12:00pm EDT
Fri, Aug 06, 2021 - 02:00pm to 04:00pm EDT
Tue, Aug 10, 2021 - 10:00am to 12:00pm EDT
Fri, Sep 03, 2021 - 02:00pm to 04:00pm EDT
Tue, Sep 07, 2021 - 10:00am to 12:00pm EDT
Fri, Oct 01, 2021 - 02:00pm to 04:00pm EDT
Tue, Oct 05, 2021 - 10:00am to 12:00pm EDT
Fri, Oct 29, 2021 - 02:00pm to 04:00pm EDT
Tue, Nov 02, 2021 - 10:00am to 12:00pm EDT
Tue, Nov 30, 2021 - 10:00am to 12:00pm EST
Tue, Dec 28, 2021 - 10:00am to 12:00pm EST

Additional Info

Basic Course Information

Prerequisites Working with the prior version of the Uniform Guidance
Advanced Preparation None
Designed For Public Accountants, Consultants, Awardees of Federal Grants and Cooperative Agreements which include: nonprofits, institutes of higher education, hospitals, Federal, state, local and tribal units of government, as well as commercial firms. Specific positions might include: Director of Finance, grants administrator, legal, program personnel, principal investigator, auditors, and department heads overseeing Federal grants and cooperative agreements
Original Recording Date 09/21/2020
Yellow Book No
Course Developer Paul Calabrese and Steven Shamlian
Date Added to Catalog 09/09/2020

Additional Information

Complaint Resolution Policy Please 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.

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