New Faculty Orientation Session Research Accounting Overview

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Presentation transcript:

New Faculty Orientation Session Research Accounting Overview August 2017

Research Funding Queen’s University reported approximately $151 million of research revenue in Fiscal 2017 (May 2016 – April 2017) Research Accounting administers approximately 4,000 active research projects at any given time. There are rules and regulations to comply with as part of accepting this funding. Research Accounting works closely with the University Research Services on post-award administration.

The Research Accounting Team Main Responsibilities: Support the Research Community in administering research funding Project Establishment and Maintenance in the Finance System (PeopleSoft) Cash flow and budget monitoring Financial Reporting and Invoicing Compliance Review of Expenses Audits and Monitoring Visits

The Research Accounting Team Who we are: Jennifer Mallon, Director Louisa Jennings, Manager Tyler Robinson, Manager and Canada Foundation for Innovation (CFI) Awards Julia Hodgson – Internal Awards, Foundations & Associations Young Kim – Canadian and Foreign Federal (non-Tri-Agency) Awards Colleen Murphy – Provincial Awards Jane Rogers – NSERC, SSHRC Awards Kathleen Clayton – CIHR, Canada Research Chairs, NCE Awards Sabrina Zaffino – Canadian and Foreign Corporate Awards Ian Rand – Project Over-Spending Analyst Tamie Whetstone - Project Set-Up and Compliance Review

Systems Overview TRAQ Awards FAST Financial Reporting Tool Applications for funding TRAQ Awards FAST Financial Reporting Tool Financial Reports: Statement of Ops Project Summary Other Funding Granted and Ethics in place (if applicable) PeopleSoft Finance PeopleSoft Project Number Project Attributes Financial Transactions

Important Policies & Procedures Research Administration Policy Procurement Policy Travel and Expense Reimbursement Policy Hospitality Policy Research Project Over-Spending and Pre-Spending Approval Procedure

Where to Turn for Help Research Accounting http://www.queensu.ca/financialservices/contact-us/financial-services-main-office/research-accounting E-mail: research.accounting@queensu.ca Training http://www.queensu.ca/financialservices/training/learning-catalogue FAQs http://www.queensu.ca/financialservices/researchers/ra-faqs Financial Services Website – links to other contacts, policies, forms, etc. http://www.queensu.ca/financialservices/

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