The goal of the Financial Reporting Group is to provide Principal Investigators and department business office administrators with quality support services and financial compliance guidance along with effective stewardship of sponsored awards.
Most sponsors require financial reporting to determine the use of sponsored funds on either a monthly, quarterly, annual or other reporting basis. The reporting group’s main responsibility is to ensure that the deadlines for financial reporting are met and that we are in compliance with the federal, state, sponsor specific and/or Yale University’s policies and procedures depending on the type of award. Yale University shall submit timely financial reports to the sponsors of research and other scholarly activity that:
- Accurately reflect the actual use of sponsored funds as recorded in the financial records of the University
- Ensure that all reports are in compliance with the sponsor’s terms and conditions
Each department is assigned an accountant from the reporting group that will provide guidance and assistance as well as answer any questions that may arise on a day to day basis.
At the conclusion of the award, after the financial report is filed with the sponsor, and all financial obligations are satisfied, the reporting group is responsible for closing the award within the University’s financial system.