Financial Administration of Federal Grants Course (Self-Paced)
IDGRNT8300SP

h4> Module 1: Financial Management Requirements for Recipients

• Identify recipient financial management responsibilities under 2 CFR 200.
• Understand required financial system standards.
• Recognize common financial management failures.

Module 2: Budgeting and Award Financial Setup

• Interpret approved budgets and award financial terms.
• Establish grant accounts and cost centers.
• Align budgets with program operations.

Module 3: Allowable Costs and Cost Principles in Practice

• Apply allowability, allocability, and reasonableness standards.
• Identify unallowable costs and common mistakes.
• Document cost decisions defensibly.

Module 4: Internal Controls and Segregation of Duties

• Understand internal control requirements for recipients.
• Identify risks related to weak controls.
• Implement practical control activities.

Module 5: Procurement and Financial Transactions

• Apply procurement standards to purchasing decisions.
• Distinguish procurement from subawards.
• Manage vendor payments compliantly.

Module 6: Cash Management and Drawdowns

• Manage payment systems and drawdowns correctly.
• Avoid cash management violations.
• Reconcile drawdowns to expenditures.

Module 7: Financial Reporting and Monitoring

• Prepare accurate financial reports.
• Reconcile financial and program data.
• Respond to monitoring requests.

Module 8: Audit Readiness and Financial Documentation

• Identify documentation auditors expect to see.
• Prepare for Single Audit or program-specific audits.
• Address audit findings related to financial management.

Module 9: Managing Changes, Corrections, and Adjustments

• Handle budget revisions and prior approvals.
• Correct errors and mischarges appropriately.
• Maintain defensible audit trails.

Module 10: Financial Closeout and Record Retention

• Complete financial closeout requirements.
• Resolve final cost issues.
• Apply record retention rules.