Hidden Costs of Free: Accounting for Federal Grants

Preparing for a single audit can be daunting! Collecting information from various departments and tracking the federal expenditures and related revenues all weigh down the process, on top of working with the auditors. This session will review generally accepted accounting principles for grants, best practices for internal grant accounting, and how to complete the Schedule of Federal Expenditures. Attendees will also learn about single audit requirements and dive deeper into ARPA grant compliance.