Introduction to Sponsored Projects

Accounting

Navigating the University: Research & Resources Management Retreat

August 20, 2015

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.

SPA Structure

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 financial 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.

Lifecycle of an Award

Contact

Kimberlee EudyExecutive Director

Sponsored Projects Accounting

213-740-5381eudy@usc.edu

http://fbs.usc.edu/depts/spa