All Cornell University business travel is subject to University Policy 3.2, Travel Expenses. University business travel funded by a sponsored award may have additional or more specific requirements, as defined by sponsor rules. In all cases, Cornell University travel must comply with the more restrictive of these requirements.
This course is an overview of the Sponsored Financial Activity dashboard, which presents financial activity associated with sponsored projects. You will learn how to analyze your project by reviewing the current financial status and monitoring activity on a regular basis.
Over the past year, all of the university policies referencing the federal cost principles (OMB A-21) or administrative requirements for awards (OMB A-110) were updated to incorporate the
Once an award is fully executed, a contract control account is required to segregate the funding. The unit or service center is responsible for the creation of the control account.
Distinct accounts or sub-accounts can be established based on the project's financial management needs.
Establishing Accounts in KFS
The following KFS Standard Operating Procedures define the use of Account and Sub-Account attributes:
Anyone in a service center role is required to complete the Accounting Certification Program within 18 months of employment and re-certify every 3 years.
The Accounting Certification Program (ACP) helps employees develop and enhance accounting skills and knowledge by providing an overview of the accounting function, as well as detailed training on the use of specific accounting tools and their associated policies and procedures. The ACP is constantly growing/changing. As core courses become available, you can take them individually and apply them to the certification.
For staff members responsible for working with sponsored funds, grants and contracts, this course is a comprehensive overview of the post-award financial management of sponsored awards, and contains critical information for staff responsible for the fiscal processing or management of sponsored funds (grants, contracts, cooperative agreements, etc.).