Sponsored Research receives and processes awards, including reviewing and negotiating terms and conditions where applicable, and establishes the financial record.  Sponsored Research is engaged in both pre-award and post-award activity at various stages in the award lifecycle.  Accounting Services for Research and Sponsored Programs (ASRSP) is also heavily involved in post-award activity, helping university researchers with financial reporting, invoicing, collecting revenue, coordinating audits, and processing transactions related to their sponsored projects.