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Course 5136 | Virtual | Classroom
The Prompt Payment Act and Voucher Examination
Overview
Explore how to avoid interest payment penalties through compliance with the regulations outlined in the Prompt Payment Act (PPA). Learn about the budgetary implications of late payments, how to avoid these penalties, and the appropriate use of funds. You will also gain an understanding of how to calculate interest and the year-end closeout procedures to address late payments.
Who Attends
This course is designed for supervisors, managers, disbursing officers, certifying officers, technicians, and other personnel involved in preparing, examining, and certifying federal contractor and vendor payments.
Course Level: Basic
CLP: 16 | CPE: 16
Duration: 2 Days
Price: $ 1169.00 
Course prices shown here do not include a credit card surcharge. Payments by ACH, EFT, or check do not include the surcharge and are offered at a lower price. At checkout, you may choose a payment method that avoids the credit card surcharge.
Course Details
Volume Discounts (5+ Seats)
Private Group TrainingAvailable Dates
Guaranteed to Run are designated with a 
August 10 - August 11, 2026
Class ID: 265136006
Virtual
9 AM - 5 PM EST
October 6 - October 7, 2026
Class ID: 265136007
Washington, DC
8 AM - 4 PM EST
December 10 - December 11, 2026
Class ID: 265136009
Virtual
9 AM - 5 PM EST
February 4 - February 5, 2027
Class ID: 275136001
Virtual
8 AM - 4 PM EST
June 10 - June 11, 2027
Class ID: 275136002
Virtual
9 AM - 5 PM EST
August 9 - August 10, 2027
Class ID: 275136003
Virtual
9 AM - 5 PM EST
October 4 - October 5, 2027
Class ID: 275136004
Virtual
12 AM - 12 AM EST
December 9 - December 10, 2027
Class ID: 275136005
Virtual
9 AM - 5 PM EST
Learning Objectives
- Certify a voucher for completeness and accuracy
- Discuss the implications of the liability of certifying officers and the avenues of relief for liability
- Describe the legislative history of the Prompt Payment Act
- List the general requirements of the Prompt Payment Act
- Differentiate between items that are, and are not, subject to the Prompt Payment Act
- Describe the federal payment process
- Describe benefits of a well-implemented Prompt Payment process
- Calculate the appropriate due date for an invoice given a mix of factors, including available discounts
- Discuss when a payment cycle should be stopped and how it can be restarted
- Calculate the financial impact of a discount to determine if taking it is the best course of action
- Calculate effective rebate rate
- Calculate interest due on a late payment
Additional Features
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