November 19, 2022


Webinar


2 Total CPE Credits

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OMB Update - Revised Uniform Guidance 2 CFR 200: Including Performance-Based Payments, Significant Changes to the Procurement Standar

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 Topics

  • 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

CPE Credits Available

2
Total CPE
2
Accounting & Auditing

Things to Know About This Course

Course Level

  • Update

Prerequisites

Working with the prior version of the Uniform Guidance

Advanced Preparation

None

Intended Audience

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

Provider

ACPEN

This event has ended.