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Introduction to Sponsored Projects Accounting

Introduction to Sponsored Projects Accounting. Navigating the University: Research & Resources Management Retreat August 19, 2014. SPA Mission. The mission of Sponsored Projects Accounting (SPA) is to oversee post award financial administration of sponsored research for the University.

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Introduction to Sponsored Projects Accounting

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  1. Introduction to Sponsored Projects Accounting Navigating the University: Research & Resources Management Retreat August 19, 2014

  2. SPA Mission • The mission of Sponsored Projects Accounting (SPA) is to oversee post award financial administration of sponsored research for the University. • Effectively manage awards for compliance with Federal, State, and Private agency fiscal and reporting guidelines, University policy and procedures, and with Generally Accepted Accounting Principles. • Ensure the payment of obligations and the collection of funds with an efficient cash management system. • Encourage and facilitate proper management of sponsored funds through training and development, streamlined financial systems, and high professional standards.

  3. SPA Structure

  4. What Does SPA Do? • Financial Management of Awards: • SPA works closely with your college/department post award office, DCG, Procurement, Payroll, Equipment Management and OFA • SPA works on coordinating all post-award activities, such as budget, revisions, financial reporting, and closing accounts for completed projects, grants, and contracts. • Financial Reporting: • SPA submits required financial reports to sponsor working in conjunction with departments and PIs.

  5. Lifecycle of an Award

  6. Contact Kimberlee Eudy Executive Director Sponsored Projects Accounting 213-740-5381 eudy@usc.edu http://fbs.usc.edu/depts/spa

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