WEBINAR: UNDERSTANDING THE FINANCIAL STRINGS ATTACHED TO YOUR GOVERNMENT FUNDING AWARD

HOW TO COMPLY WITH THE UNIQUE ACCOUNTING REQUIREMENTS OF NIH/HHS, DOE, DOD and NSF Funding Awards

1:00 – 2:00 PM Eastern Standard Time (EST) Thursday, June 25, 2024.

Federal R&D funding awards are typically cost-reimbursable awards – allowing the government complete visibility into your accounting system and all costs, whether billed to the government or not.

Webinar Overview:

Topic # 1:
How to Set Up Your Books For Government Awards

If your company has received an NIH, DOE, DOD or NSF funding award, you need to be familiar with the Federal Acquisition Regulation (FAR) Part 31 as well as the supplemental regulations – and must maintain your books accordingly.  We roll up our sleeves and share details on how to set up your accounting system to capture direct, indirect and unallowable costs.

Topic # 2:
How Indirect Cost Rates Affect Your Cash Flow 

We’ll dive into a discussion on the indirect cost rates and explain what you need to monitor as your business evolves over time.

Topic # 3:
How to Survive the Audits Embedded in your NIH or DOE Grant Funding Award

All federal funding awards contain audit requirements.  In this section of the webinar, we discuss what gets examined during a Uniform Guidance Audit (UGA) as well as a DCAA audit and will examine common audit findings and discuss how to avoid them.

Questions asked during registration may be incorporated into the presentation.