Governmental Accounting and the Super Circular (Currently Unavailable)
The OMB's Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards is the most significant change to the entire federal grant lifecycle in decades. These courses discuss the so-called "Super" or "Omni" Circular and how it changes the ways any entity that awards federal funds applies for awards, receives awards, spends awards and audits awards, almost in their entirety.
You'll learn how these changes affect state and local governments, not-for-profits, government contractors, and auditors. Review the changes, including increased audit thresholds, increased competitiveness in the grant application process, updated administrative requirements, allowable cost changes, and implementation issues.
The Office of Management and Budget (OMB) issued the long-awaited “Super Circular” in their final rule to the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. This rule streamlines eight Federal regulations (including OMB Circular A-133) into a single, comprehensive policy guide. While the Super Circular does not entirely change the eight Federal regulations it does include key changes that have important implications for all nonprofit clients that are recipients of Federal grants.
The OMB's Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards is the most significant change to the entire federal grant lifecycle in decades. The so-called "Super" or "Omni" Circular changes the ways any entity that awards federal funds applies for awards, receives awards, spends awards and audits awards, almost in their entirety.
Total: 2 courses (4 CPE hours)
