Sponsored Projects Accounting Navigating the University Research Resources

Sponsored Projects Accounting Navigating the University: Research & Resources Management Retreat August 15, 2017

Mission • Sponsored Projects Accounting (SPA) is the central office overseeing post-award financial administration of sponsored research projects at USC. • Support compliance with sponsored research award terms and conditions, USC policies and procedures, Generally Accepted Accounting Principles (GAAP), and other applicable guidance. • Ensure prompt and accurate billing and collection with an efficient cash management system. • Facilitate good stewardship of sponsored funds through training and development, streamlined financial systems, and high professional standards.

What Does SPA Do? Financial Management of Research Awards SPA works closely with schools, departments, Department of Contracts and Grants and other central offices to manage and collect sponsored research funds. Key functions: Account setup Invoicing Cost Transfers Budget Reallocation Letter of Credit Drawdown Unobligated Balance Transfers Financial Closeout Financial Reports

Lifecycle of an Award

SPA Org Chart Executive Director Manager Accountant II Supervisor Assistant Manager Federal Letter of Credit Other Federal Industry/Non-profit/Non-federal Administrative/General Ledger Accountant I CGB Fund Manager Accounting Assistant Accounting Technician Receptionist Accounting Technician Accounting Assistant

Contact Ben Holstein Executive Director Sponsored Projects Accounting 3500 South Figueroa Street University Gardens Building (UGB) Suite 102 213 -740 -5381 holstein@usc. edu http: //fbs. usc. edu/depts/spa