This track equips research administrators with essential knowledge of best research financial management practices, focusing on the regulatory framework for both direct and indirect costs of sponsored program activities. Attendees will gain insights into financial management decision-making and fiscal compliance of sponsored funds. Key topics include: Auditing, Cost accounting, OMB requirements, Matching/Cost sharing issues, Financial conflict of interest, Facilities and administration costs, Purchasing, Equipment and property management, Salaries, compensation, and honoraria, Travel allocability and allowability, Working with sponsoring agencies, and Sub-recipient monitoring.