Introduction to Sponsored Projects Accounting Navigating the University: Research & Resources Management Retreat August 19, 2016

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 your school, department, DCG and other centralized offices to manage and collect sponsored research funds. Key functions: Account setup Invoicing Financial Reports Cost Transfers Budget Reallocation Letter of Credit Drawdown Unobligated Balance Transfers Financial Closeout

Lifecycle of an Award

SPA Organizational Chart Executive Director Manager Supervisor Letter of Credit Drawdown Accountant I CGB Fund Manager Accounting Technician Federal (Non-Letter of Credit) Accounting Assistant Industry, Non-profit, State and Local Government Assistant Manager Administrative/General Ledger Receptionist Accountant II

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