Equipment bought on a grant stays with the institution and not with the professor who leaves

Popularity Index: 2 Updated at 2026-10-11 14:37 UTC

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Effort reporting asks a professor to certify the percentage of a month they can barely remember Cost transfers after the fact are the accounting move auditors look for first Closing out a grant means a final technical report and a final invoice that rarely agree Advance payment by drawdown means the institution holds cash it has not earned yet When the funder's reporting calendar and the university's fiscal year close a month apart A subaward carries the funder's terms to a partner university while the lead institution keeps the risk What counts as an allowable cost on a federal award and what a program officer will disallow later Multiple principal investigators on one award turn every budget decision into a negotiation A single audit finding follows a university's finance office for three years A competing renewal is reviewed as harshly as the first submission of the same project

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