Finance Division Taster Sessions - Research Accounting New
To provide an opportunity for someone from elsewhere in Finance Division to spend a day in the Research Accounting Team to get an overview and appreciation of what they do.
Staff within the Finance Division only
Number of sessions: 1
# | Date | Time | Venue | Trainer |
---|---|---|---|---|
1 | Wed 17 Feb 2016 09:00 - 16:30 | 09:00 - 16:30 |
Research Accounting overview
- Research Accounting/Research Operations Office responsibilities
Receipting and department debt
- BACS list, cash identification and AR banking sheet
- Receipting (incl. foreign currency receipts)
- Relationship with Cash Management
- Department debt statements and write offs
Research debt
- Relationship with the ROO
- Research debt
- Overdue lists
- Types of sponsor
- Types of invoice
- Major sponsors (incl. Research Councils, Wellcome Trust and EC)
- Refunds and interactions with AP
Reporting and other Credit Control tasks
- Monthly reporting
- Bad debt provisions
- New Sponsors/AR customers and credit checks
- CMS
- Largo & debt recovery
- Exception reports to highlight potential problems
- Interactions with the rest of Research Accounting
Grants module: Importing costs and clearing errors
- The award and project status reports
- Daily processes, and importing other costs
- Central processes (incl. non direct costs, overheads)
- The importance of invoice coding
- Clearing errors
- Budgetary controls
Red Book reporting
- Red Book reporting
- Income calculation
Wrap up
- The Billing and Expenditure Schedule (BES)
- GL/GMS rec
- Overview of the Research Accounting section, including the segregation of duties and responsibilities between Finance and the Research Operations Office
- Overview of the work of the Credit Control team, for both research and non-research debt
- Overview of research grant central processing and reporting
1 Day
Bi-monthly
Booking / availability