1 Financial Management Training Research Finance.

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Presentation transcript:

1 Financial Management Training Research Finance

What will we cover? 2 3. Post-award finance administration 2. Pre-award finance administration 1. Introduction to the Research Finance Office

Introduction to The Research Finance Office

4 Research at Queen’s Corporate Plan Objectives To offer an exceptional student experience and high quality education, leading to improved progression, attainment and excellent career opportunities for our graduates Strategic Priority 1 To enhance internationally recognised, globally competitive and sustainable research areas Strategic Priority 2 To grow an efficient, effective and sustainable enterprise Strategic Priority 3 To develop global citizens and address international challenges Strategic Priority 4

5 Research & Enterprise/Research Support Office The Support Provided Research and Enterprise Research Finance Office

6 Research & Enterprise/Research Finance Office The Support Provided Need to identify potential sources of funding Need assistance with writing a funding application, legal/contractual issues etc. In relation to applying for research funding…if you…. R&E Confirm that meet eligibility criteria for funding Build cost for research application RFO Pre and post-award financial advice Applying governance process Claims and financial reporting process Research Development Business Alliance Research Governance Research Policy Commercial Development Consultancy ContractingKTP and Networking

7 Focus on Research Grants Lifecycle pre-award Application and costing Write research proposal ApprovalSubmissionNotification Contract / Letter of Offer Pre-award finance administration

8 Pre-award administration Who is involved? Pre-award administration Research Finance Office Research and Development Business Alliance Commercial Development RSO Research & Enterprise Contracts and IP Governance and Ethics KTP business & networks Research Policy

9 Focus on Research Grants Lifecycle post-award Post-award finance administration Project set-upAgree budgetPrepare claims Audit and vouching, credit control Final claim and project closure Financial Management Research and Output

10 Post-award administration Parties involved Project RFO/FinanceHR Partner R&ESchoolEstates Funders Auditors

11 Post-award administration Link to wider Finance Directorate RFO IncomePaymentsSalaries Financial Systems Accounting Services Purchasing Capital and Costing