RSA - 512 Budgeting and Fiscal Management

This course provides an overview of the principles governing the fiscal management of grants and contracts. The requirements that sponsors have regarding sound fiscal management of sponsored awards: grant, cooperative agreements and contracts will be presented. The student will learn how to develop a research business plan, how to prepare for an A-133 audit, what costs are allowable and allocable to a grant or contract, tracking awards, effort reporting, billing cost reimbursable contacts, managing accounts receivable, and preparing and negotiating an Facilities and Administration Costs rate proposal. The course will provide the student with a comprehensible understanding of the requirements to best manage funds received on sponsored awards and what electronic systems are available to facilitate the post-award management of grants and contracts. Prerequisite: Admission to the program. Credit Hours: (4)