Grant Cost Rules & Timekeeping Certification: 2 CFR 200 Mastery
Master 2 CFR 200 Grant Cost Rules and Timekeeping: Complete Compliance Tools for Daily Operations
Course Outcomes
- Master 2 CFR 200 Cost Principles & Allowability
- Implement Personnel Activity Reporting
- Establish Timekeeping Documentation Systems
- Navigate Cost Classification Requirements
- Apply Federal Salary Compliance Standards
- Lead Grant Management Strategy
- Respond to Audit Inquiries
- Two certification exam attempts included
Outline
Session 1: 2 CFR 200 Cost Principles Foundation
- Allowable vs. unallowable cost determination framework
- Direct and indirect cost classification standards
- Documentation requirements and compliance best practices
- Internal control systems for cost management
Session 2: Personnel Costs and Salary Allocation
- Federal salary and wage compliance requirements
- Personnel activity reporting standards and procedures
- Cost allocation methodologies for personnel expenses
- Fringe benefit calculations and compliance protocols
Session 3: Indirect Costs, Rates, and Allocation Methods
- Federal rules governing indirect cost recovery
- Indirect cost rate types and eligibility
- Application of the de minimis 10% rate
- Pooling indirect costs and selecting allocation bases
Session 4: Timekeeping Systems and Documentation
- Time and effort reporting requirements under 2 CFR 200
- Personnel activity reporting system implementation
- Recordkeeping standards for federal compliance
- Technology solutions for accurate time tracking
Session 5: Advanced Compliance, Risk, and Procurement
- Complex cost scenarios and problem-solving strategies
- Risk assessment and monitoring procedures
- Procurement and subaward compliance requirements
- Corrective action planning for compliance violations
Session 6: Audit Preparation and Ongoing Compliance
- Audit readiness assessment and preparation techniques
- Documentation organization and presentation strategies
- Responding to audit findings and recommendations
- Continuous improvement systems for sustained compliance
What's Included
The Grant Cost Rules & Timekeeping Certification: 2 CFR 200 Mastery course includes the following:
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Course access and recordings
Access your course and any included recordings through your customer dashboard -
Course materials
Includes PDFs of the presentation and any additional resources provided by the expert presenter -
Certificates and exams
- Certificate of attendance included with all courses
- Certification courses include one exam attempt
- Successful graduates will receive an official certification along with verified digital credentials
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Class experience
- Live sessions are small and focused to support questions and discussion
- Self-paced on-demand courses allow you to move through the material on your own schedule
Who Should Attend?
Earn Your Certification
Your Instructor
Rex L. Porter
- Principal and founder of Porter Group LLC
- a premier national federal grant funding and compliance consulting service
Rex is principal and founder of Porter Group LLC, a premier national federal grant funding and compliance consulting service, bringing a 25-year career in federal grants management to the work. He has served as a federal grants official, grant-funded organization executive director, and local government project manager. His current practice supports nonprofits and local governments stay compliant with the complex world of federal grant rules. Rex is a retired Air Force officer, and earned an MBA, a MS in Systems Management, and Certificates in Nonprofit Management, and Program and Contract Management.
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A Guide To Common Formative Assessments And Defined Learning Outcomes