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Code of Federal Regulations (Last Updated: October 10, 2024) |
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Title 2 - Grants and Agreements |
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Subtitle B - Federal Agency Regulations for Grants and Agreements |
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Chapter XXIX - Department of Labor |
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Part 2900 - Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards |
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Subpart D - Post Federal Award Requirements |
§ 2900.14 - Financial reporting.
Latest version.
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§ 2900.14 Financial reporting.
In addition to the guidance set forth in 2 CFR 200.327328, for Federal awards from the Department of Labor, the DOL awarding agency will prescribe whether the report will be on a cash or an accrual basis. If the DOL awarding agency requires reporting on an accrual basis and the recipient's accounting system is not on the accrual basis, the recipient will not be required to convert its accounting system, but must develop and report such accrual information through best estimates based on an analysis of the documentation on hand.
[79 FR 76081, Dec. 19, 2014, as amended at 86 FR 22108, Apr. 27, 2021]