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Financial Management Training Research Finance. Pre-award finance administration. Focus on Research Grants Lifecycle pre-award. Pre-award finance administration. Approved RGAS form. (research grant application summary). Write research proposal. Resources required. Application and costing.
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Financial Management Training Research Finance
Focus on Research Grants Lifecycle pre-award Pre-award finance administration Approved RGAS form (research grant application summary)
Write research proposal Resources required • Application and costing
Different Types of Costs What falls into each category? • salary of an additional researcher, laboratory consumables, travel costs • share of PI/CI time • contribution to all other central overheads e.g. support functions, estates
pFACT How does it work in practice?
FEC vs Award Value Example
FEC • Award Value Cost versus Award ValueThe importance of Full Economic Costing Should we continue with application? RGAS form
Focus on Research Grants Lifecycle pre-award Pre-award finance administration Accept - RAF Decline Approved RGAS form
Reporting of Research Application Activity Systems used Research Grants Database Finance Dashboard PURE Academic CV
Finance Dashboard Research Applications
Finance Dashboard Research Applications
Finance Dashboard Research Awards
Finance Dashboard Research Awards
Focus on Research Grants Lifecycle pre-award Pre-award finance administration Accept – RAF Decline Approved RGAS form
Research Award Form
Putting it all together FEC/Award Value/Budget
Putting it all together FEC/Award Value/Budget * With the exception of equipment funded at 50% of FEC
Putting it all together FEC/Award Value/Budget shortfall in funding of direct costs £75,000 * With the exception of equipment funded at 50% of FEC
Putting it all together FEC/Award Value/Budget transfer £75,000 * With the exception of equipment funded at 50% of FEC
Putting it all together FEC/Award Value/Budget * With the exception of equipment funded at 50% of FEC