The time period during which the proposed work will be completed and the funds awarded are available for expenditure by the recipient.

An independent board in in the Office of Management and Budget that has the exclusive authority to prescribe, amend, and rescind cost accounting standards (CAS) governing the measurement, assignment, and allocation of costs to contracts within the federal government. 

The PI’s primary contact at a sponsoring agency. Federal Program Officer’s do not have signatory authority. Any agreement between the Program Officer and the Principal Investigator must be reduced to writing and signed by the Grants or Contract Officer at the agency. Program Officers at non-federal sponsors may have signatory authority.

Subrecipient means a non-Federal entity that receives a subaward from a pass-through entity to carry out part of a sponsored program; but does not include an individual that is a beneficiary of such program. A subrecipient may also be a recipient of other Federal awards directly from a Federal awarding agency.

Definition

Account is the unique combination of a fund, activity and subactivity as set up in GMAS and charged in the general ledger.

Numeric identifier that groups accounts (fund/activity/subactivity) together for financial reporting purposes.   A new account group is created for each budget year when year logic is used.  The subactivities (i.e., main, part of, and subcontract) are reported in aggregate by account group

Acquisition cost is the cost to purchase an asset and make it available for use.  Acquisition cost includes the purchase price of the item and costs necessary to obtain and prepare the asset (e.g., shipping costs or any expense necessary for placing the item in location and bringing it to a condition necessary for normal or expected use).  Acquisit [..]

A six-digit required value in the Harvard Chart of Accounts that captures the purpose or use of funds. (Chart of Accounts term)Refer to http://able.harvard.edu/chart-accounts

Advance payment means a payment that a Federal awarding agency or pass-through entity makes by any appropriate payment mechanism, including a predetermined payment schedule, before the non-Federal entity disburses the funds for program purposes (§200.3)