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Standard General Ledger & Prompt Payment Act Training - Instructor Needed



Project ID: 195-18 Project Title: SGL and PPA Training Deadline to Submit Your Resume: 08.30.2018
Status: Active Type: Contract Contact: This email address is being protected from spambots. You need JavaScript enabled to view it.


Project Description:


Standard General Ledger Training

This training should provide participants the understanding of how financial statements are generated from an agency’s financial system using tools provided by the U.S. Standard General Ledger (SGL). It should also provide participants with an understanding of the accounting principles used to guide the preparation of financial statements, and the audit requirements for the statements.

Learning Objectives:

• Review key laws, regulations, guidance, concepts, and standards
• OMB Circular A-136 OMB Financial Reporting Requirements
• Federal Financial Management Improvement Act (FFMIA)
• United States Standard General Ledger USSGL
• Federal Accounting Standards Advisory Board (FASAB)
• Generally Accepted Accounting Principles (GAAP)
• Federal Account Symbols and Titles (FAST)
• Identify fund types and categories
• Outline the federal accounting structure and fund movement
• Commitment
• Obligation
• Accrual
• Disbursement/Outlay
• Understand the difference between proprietary and budgetary accounts
• Gain a basic understanding of General Ledger posting logic/”T” accounts
• Identify and understand the composition of required financial statements
• Management Discussion and Analysis (MD&A)
• Statement of Net Cost
• Statement of Operations and Changes in Net Position
• Reconciliation of New Operating Revenue and Budget Surplus

Prompt Payment Act Training

Federal agencies need to ensure accurate and legal payment. Learn what to look for when examining vouchers and how the Prompt Payment Act discounts and penalties affect your duties and brief history of the Prompt Pay Act and Treasury guidance. This is a very practical course available to answer all disbursing questions.

Learning Objectives

  • Building Background
  • Purpose of the “Vendor Pay” Business Process
  • Terms and Concepts
  • Common Payment Forms
  • The Vendor Pay Documentation Process
  • Voucher Examination – Initial Exam and Certification
  • Principal Concerns in the Voucher Examination and Certification Process
  • Roles and Responsibilities
  • The Payment Process
  • Supporting Documents
  • Document Information
  • Special Certification Requirement
  • Exercise: Voucher Examination
  • Electronic Certification
  • Certifying Officer Liability
  • Building Background
  • Legislative History and Guidance
  • The Federal Payment Process
  • Building Background
  • Terms and Concepts
  • Determining When a Payment Is Due
  • Net Payment Cycle/Process
  • Additional Guidance on Payment Due Dates
  • Payment Due Date – Additional Guidance
  • Exercise: Payment Due Date
  • Economical Discounts and Rebates
  • Building Background
  • Determining When to Take a Discount
  • Working with Rebates
  • Building Background
  • Types of Interest Penalties
  • Late Payment Interest Calculation Procedures
  • Budgetary Implications
  • Penalty Payment Procedures: Additional Guidance

Duration: 2 consecutive days (total of four days of training, 8:00am - 4:00pm)

Number of attendees: 25 per class students

Location: North Carolina

Period of performance:  Courses shall be complited prior 30 September, 2018

Target audience: Financial managers, financial analysts, budget analysts, accountants, and other financial staff personnel.

If you are interested please send us your resume and hourly rate. 

Contact: This email address is being protected from spambots. You need JavaScript enabled to view it.


Requirements and skills: USA Citizen, 5 years of experience, Bachelor's Degree, etc.
Project duration:  4 days Period of performance:  Courses shall be complited prior 30 September, 2018 Location: North carolina
Contact: This email address is being protected from spambots. You need JavaScript enabled to view it.   Connect via: LinkedIn Group


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