Internal Control Objectives For Sponsored Program Awards

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Title: Internal Control Objectives For Sponsored Program Awards
 
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Subject: Business
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Date: February 15, 2006
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If the net effect of errors is that the University obtains reimbursement in excess of valid expenditures, it needs to pay interest expense to the federal sponsors. If the net effect of errors is that the University incurs expenditures in excess of reimbursements, it foregoes the use of funds otherwise available and perhaps even incurs unnecessary interest expense to borrow funds on its line of credit...
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If the net effect of errors is that the University incurs expenditures in excess of reimbursements, it foregoes the use of funds otherwise available and perhaps even incurs unnecessary interest expense to borrow funds on its line of credit. If the project provides for reimbursement through submission of an invoice to the sponsor upon achievement of a milestone, it is important to have controls in place to monitor milestone achievement, the amount that can be billed, and to create the bill timely...
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Common topics in this essay:
 
expansion of the Federal governmrnts power, at the expense of sectionalism   Benefit From Assessing Internal Control Procedures   how does the federal reserve control the money supply?   Internal Cash Control   Internal Control Objectives For Sponsored Program Awards   Internal Control   Major Internal Control   Understanding Internal Control   How Napoleon Obtains And Maint   Identify Internal Control Principles   Sponsors And Sports   The Effect of the Reading Recovery Program on Children with Reading and Learning Difficulties   internal control   Please relate your interest in studying at Georgetown University to your future goals. How do these thoughts relate to your chosen course of study?   Expenditures  
 
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