The Complete Indirect Rate Toolkit: For Nonprofits with Federal Grants under the Uniform Guidance (4 hours)

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Apr 17, 2020

Registration: 7:00 AM / Program: 7:30 AM - 11:30 AM

Fees

Member Fee: $0.00
Nonmember Fee: $0.00

Available Discounts

AICPA Member: None
Full time Accounting Educator: None

Description

Everything you need to know about indirect rates for nonprofits is in this 4 hour course.  We go through every important aspect about indirect rates and allocations under the Uniform Guidance (UG).  Specifically, we discuss the changes and new options that the UG has on indirects.  Included is a practical exercise to build an indirect rate.  We finish the session with the new 55 cost principles as to what is allowable or unallowable.

Designed For

Public accountants auditing under Single Audits; consultants, grant or sub-award recipients as nonprofits, hospitals, institutes of higher education, Federal, state, local and tribal units of government, and commercial entities that have awards; grants administrators, legal, accounting and finance personnel

Objectives

  • Impact of the UG on indirect rates and allocations for preparing a nonprofit indirect cost rate proposal
  • List where the agency indirect rate templates are location
  • Demonstrate how to build an indirect cost rate proposal
  • Ascertain an understanding of the 55 cost principles

Major Subjects

  • The indirect rate toolkit provides everything you will need in understanding and preparing nonprofit rates
  • You will learn about the new 10% de minimus indirect rate, direct cost allocations, definitions of direct and indirect cost, as well as extending negotiated indirect rates
  • We cover all of the significant cost principles, new principles, changes within the cost principles, categorizing them by the most important and commonly used in "every day" grant accounting
  • Together we prepare an indirect cost rate proposal for a real nonprofit
  • We will discuss transition issues between direct charging occupancy and the impact if the organization decides to establish a negotiated indirect rate

This event has already passed. If you have any questions, please contact us at 503-641-7200 or email profdev@orcpa.org.