Do I need to document both receipt (income) and expenditure (expenses) for my CME activity?

Yes. The ACCME expects to be able to review both income and expense statements reflected in an activity’s budget.  They further specify that these statements must reflect:

Significant sources of income: Including income from commercial support, advertising and exhibit fees, tuition and registration fees, internal budget allocations, and any other source that represents greater than 20% of total income.

Significant expenses: Including staff salaries, meeting costs, honoraria, faculty travel expenses, and any other item that represents greater than 20% of total expense.

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Weekly Compliance Tip

In our self-study, should we describe the different learning formats we use for CME activities?

Yes – you should! And you should also include your rationales for those choices of format, strategies you use to…

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