Receiving an award is one of the most exciting steps in the research administration life cycle. Full of anticipation, energy and ripe with limitless possibilities, a new project kicking off can create enthusiasm and generate a sense of aligned purpose within the entire research team including a wide array of support offices. In many ways, financial administration and financial oversight of awards are what facilitate the important discoveries waiting to be unveiled. This module will build the foundation necessary to understand the post-award research administration lifecycle, the core responsibilities for managing research finance, and tips and approaches that will increase productivity and improve accuracy.
Key areas covered in this module include:
- Receiving and establishing an award
- Award management
- Expenditure review and monitoring
- Subrecipient Monitoring
- Sponsor invoicing and LOC draws
- Financial Reporting
- Regular federal reports (Quarterly Cash Transaction Reports, Annual Expenditure Data Reports)
- Reporting of income generated by award activities
- Final financial reporting and award closeout
- Introduction to external audits