Research Accounting is responsible for the post-award financial administration of all University of Calgary sponsored research and restricted funding, including university administered research, endowment income, and other restricted and special purpose funds. The unit manages all activities from project set up, revenue deposit, overhead distribution, monitoring of expenditures, and financial reporting back to granting agencies to ensure compliance.  Together with faculties, departments and trust holders, Research Accounting ensures that funds are expended and accounted for in accordance with the terms, conditions and regulations provided by the source of funds and/or policies and procedures of the University.

Research Accounting is subject to frequent audits from University Audit Services, Office of the Auditor General, and numerous external funding agencies. Research Accounting holds the complicated dual role of policing funds and expenditures while trying to facilitate the management of research funds for the research community.