These courses will explore the elements involved in both budgeting and managing the finances of clinical trials. Clinical trial budgets involve many unique issues unlike those found in the budgets for other types of sponsored projects. The first session will explore these unique budgeting issues, examine how to deal with them, and explain how to prepare budgets for both industry and non-industry sponsored clinical trials, how to obtain appropriate hospital accounts, and how to deal with clinical trial specific charges and payments.
Industry clinical trial post-award topics covered in the second session will include understanding what occurs in the setup process, understanding the difference between the awarded amount of the study and the clinical trial budget in OGA, and understanding the purpose and importance of OGA end & close dates. The courses explore applying and managing cash; handling invoices; managing expenses and deficits; preparing the project for financial closeout; and setting up and managing post-closing Program Development Accounts (PDA’s). Students will develop a thorough understanding of all key components in the financial life cycle of a clinical trial and will gain essential tools for successfully planning and managing industry clinical trials.
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