Grant accounting can be a tricky process that organizations have to learn to navigate. This session will focus on why cost allocation is important and how it can effectively be implemented in a not-for-profit organization. We will examine the new OMB regulations regarding cost allocation, indirect cost rates, and relevant 2 CFR guidance revisions. We will look at various indirect cost rate methods and what they mean for the organization. In addition, the concept of participant support will be explored. This session will give attendees resources to help them navigate the complex world of grant accounting.
This course is part of the 2025 Not-for-Profit Conference Bundle. Purchase the conference bundle here.
1.00 credits
Michaelia Black, Ed.D., CPA
Dr. Michaelia Black is an Assistant Professor of Accounting at Lee University's School of Business in Cleveland, TN. She earned her Master of Business Administration from Indiana Wesleyan University and doctorate from Liberty University. She is a certified public accountant and member of the Tennessee Society of Certified Public Accountants.
Michaelia has spent over 18 years teaching accounting to students at various institutions. Her specialties are in cost accounting, analytics, and accounting information systems. In addition to higher education, she is experienced in non-profit accounting, risk management, internal audit, financial statement reporting, endowment funds, and grant accounting.