Basic understanding of governmental generally accepted accounting principles and familiarity with disaster assistance programs.
Accounting and finance professionals who play a role in disaster preparedness and grant accounting, reporting, and claiming.
The impacts of a natural disaster can be devastating for a community and a government. The Federal Emergency Management Agency (FEMA) has programs in place to provide funding for areas impacted by disasters. Those programs require governments to follow strict rules in properly accounting for disaster costs and grant claims, while maintaining the appropriate documentation to support those claims. The same may be true with private insurers and other state programs that may be available.
This two-hour internet training is designed to educate accounting and finance professionals on what governments will need to do to be prepared to account for the losses and understand how to recoup funds prior to a disaster.
Those who successfully complete this seminar should be able to:
- Determine what types of personnel, equipment, contractor and other cost information need to be tracked;
- Train staff to understand the requirements for tracking and documenting costs;
- Identify information and supporting documentation that will be needed to support reimbursement claims;
- Understand the proper accounting and financial reporting for temporarily and permanently impaired capital assets, as impairments are a frequent occurrence during a disaster;
- Become familiar with the appropriate accounting for insurance recoveries, both for damaged assets and for clean-up costs.