University of Vermont

Financial Skills

Effort Management and Reporting on Sponsored Awards (Basic Level)

Instructor: Michael Meunier
Target Audience: Office Assistants and Business Specialist and Business Managers with responsibility for assisting the Principle Investigator and key personnel in verifying and certifying effort for sponsored programs.
Time Allotted: 2 hours
PeopleSoft Course Number: FMC013

Rationale: Provide participants with a basic understanding of how the University must assure sponsors that the effort commitments in awarded sponsored agreement will be effectively managed within the parameters of sponsors' requirements.

Overall Objectives: Participant is introduced to the basic framework for effort reporting provided by Federal regulations, principally the Office of Management and Budget (OMB) Circular A-21Cost Principles for Educational Institutions.

Learning Outcomes:

• Demonstrate a basic understanding of the elements of the University compensated activities and Institutional Base Salary
• Identify the records and data elements needed for the reporting of employee's effort to the various sponsoring agencies
• Demonstrate a basic understanding of the effort reporting requirement provided by Federal regulation, principally OMB Circular A-21

Prerequisites: None.

May 30 from 9:00 to 11:00 AM

Moveable Equipment and Asset Control (Basic Level)

Facilitator: Michael Meunier
Target Audience: Office Assistants and Business Specialists with responsibility for movable equipment and asset control within their department.
Time Allotted: 1.5 hours
PeopleSoft Course Number: FMC015

Rationale: Provide participants with a basic understanding of property management standards for movable equipment during its acquisition, utilization, and disposal phases.

Overall Objectives: Participants are introduced to the basic principles of property management required for the University to fulfill its stewardship obligation of the University’s movable and capital assets.

Learning Outcomes:

• Demonstrate a basic understanding of the accounting for movable and capital assets
• Identify the records and data elements needed for all movable and capital assets
• Demonstrate a basic understanding of the acquisition, deposition, and utilization of movable and capital assets
• Demonstrate a basic understanding of the requirement of Federal OMB circular A-110 requirements

Prerequisites: None

May 21 from 1:30 to 3:00 PM

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Last modified May 03 2013 08:33 AM