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An At-Risk Account allows OSP to establish an account string before an official award has been made or before OSP completes its negotiations on an award. This kind of account is requested with the understanding that the award is very likely and/or the negotiations will eventually be successful. It also helps the accounting situation by eliminating the need for journals, as the account string remains the same when the award is finalized.
An At-Risk Account Request can only be completed if a proposal has been processed.
At-Risk Account requests are created in GMAS by going to the segment home page for a submitted proposal and clicking the create requestbutton at the top of the page.
Then click internal requestand you will see an option for At-Risk Accounts. Please note that you will need to submit evidence that the proposal is likely to be funded (e.g., an award document or an email from a program officer that an award is forthcoming).
All At-Risk Account requests are approved by Nancy Guisinger, Associate Director of Finance/Controller.
Please note:The Center/Program requesting the At-Risk Account assumes responsibilityfor expenses that have been incurred in the event that an award is not made or accepted, or if certain expenditures are unallowable under the terms of an award. The default account coding that would cover expenses must be listed in the comments section of the at-risk account request.