Search

7 Sep 2022: This page is currently under review. In light of proposed changes to a number of the University’s systems and processes, we are currently updating this section of the FPM.

6 Feb 2015: “CIMA is the world's largest professional body of management accountants. We offer the most relevant finance qualification for business.” http://www.cimaglobal.com/ By becoming a CIMA member you will join the world’s largest professional body

2 Mar 2021: Search site. Finance Division. Import FAQs: Values. Q. What value should I include where the goods are not being sold? The customs value declared on the entry should reflect the true commercial value of the goods - this could be the price we paid

17 Apr 2024: Latest version 17 April 2024.

10 Mar 2016: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Code Commodity UA DISPOSAL OF CONFIDENTIAL WASTE UB FIRE PROTECTION/FIRE FIGHTING UBA FIRE EXTINGUISHERS UBB FIRE BLANKETS UBC FIRE HOSES & FITTINGS UC FIRST AID UCA FIRST AID KITS UCB FIRST AID

6 Feb 2015: Choose to study accounting with ACCA and we will provide you with skills and knowledge relevant to any business, which means you are free to choose which type of accountancy role and organisation you want to work for.

7 Apr 2015: Budgets will freeze on working day 3 at 4pm and open at 9am on working day 6. All other modules will close at 5pm on the stated days.

2 Mar 2021: Search site. Finance Division. Import FAQs: Suppliers. Q. 1. Printer-friendly version. Search. Some items on this website are restricted. University members are encouraged to log in using Raven to make the best use of the site:. 2024 University of

2 Jun 2015: Consult Schedule 2 for the meaning of all words beginning with a capital letter. In particular the contract value must be calculated per the definition of Total Value.

5 Aug 2015: Weekly payment runs Payments take place weekly. All invoices have to be secondary approved in the system by 10h00 on Tuesdays. All payments are made electronically. The payment selection process commences at 10h00 on Tuesday for payment on the

2 Mar 2021: Search site. Finance Division. Import FAQs: INCOTERMS. Q. My supplier has said that their delivery terms are DAP - what does this mean? Delivered to a point and place. We are responsible for customs clearance. We will need to contact carrier and/or

20 Mar 2015: Download this chapter in PDF format As the new finance system is brought in through the Financial Transformation Programme, this chapter of the Financial Procedures Manual will see significant changes. However, this is the current guidance for

2 Mar 2021: Search site. Finance Division. Import FAQs: Declarations. Q. 1. Printer-friendly version. Search. Some items on this website are restricted. University members are encouraged to log in using Raven to make the best use of the site:. 2024 University

1 Apr 2015: Search site. Finance Division. Appendices. Search. Some items on this website are restricted. University members are encouraged to log in using Raven to make the best use of the site:. 2024 University of Cambridge.

20 Mar 2015: A policy on the management of foreign currency research income was implemented with effect from 1 August 2009, following collaboration between the Research Office and the Finance Division.

2 Mar 2021: Search site. Finance Division. Import FAQs: Reliefs. Q. What is a NIRU certificate? For scientific instruments and apparatus, The NIRU certificate is for relief from duty only not VAT. Whether the NIRU certificate can be used needs to be assessed

20 Mar 2015: The new FX Management for Research Income Policy provides sterling budget certainty for those awards in scope. The budget is set on a key date in the award lifecycle. The key date is different for EC and non-EC awards.

27 Jan 2020: Departments can download, save a local copy and and customise the word version of the form below.

2 Mar 2021: Search site. Finance Division. Import FAQs: Goods stuck. Q. 1. Printer-friendly version. Search. Some items on this website are restricted. University members are encouraged to log in using Raven to make the best use of the site:. 2024 University of

1 Apr 2015: The capital of a trust fund, (both permanent and spendable) is invested and then the income generated from these investments is used to provide the intended benefits of the trust.

2 Apr 2015: Download this chapter in PDF format Overview The principal purpose of this chapter of the Financial Procedures Manual is to set out and explain the procedures to be followed by staff in Departments in respect of income received by means of donation

2 Mar 2021: Search site. Finance Division. Import FAQs: Info for agents. Q. What are CPCs? The customs procedure code (CPC). CPCs identify the customs (and/or excise regimes) that goods are being entered into and removed from (if applicable). The CPC is a

9 Mar 2016: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Code Commodity KA CONTINUOUS STATIONERY, PRE-PRINTED, LISTING PAPER, LABELS ETC KAA FANFOLD PAPER KAB CONTINUOUS STATIONERY KAC LISTING PAPER KB PRINTER PURCHASE AND MAINTENANCE KBA B&W LASER

25 Nov 2014: 9 Accounting and Other Records 9.1 Heads of Department shall: maintain financial records as specified in Statutes and Ordinances; certify whether annual statements of account (which are distributed by the Finance Division) are true and fair and that

2 Mar 2021: Search site. Finance Division. Import FAQs: Agents. Q. What is the difference between direct and indirect representation? Direct is where the agent acts on our behalf but is not responsible for any mistakes or errors. The University will remain

2 Mar 2021: Search site. Finance Division. Import FAQs: Import VAT. Q. What should I do if I have been charged Import VAT rather than the agent stating that we will declare it on our VAT return under the Postponed Vat Accounting (PVA)? If the goods have been

20 Mar 2015: This section explains how budgets are used within the University. It details those activities for which budgets are formally created and monitored in the University Finance System (UFS). It also provides guidance on the main issues that should be

4 Sep 2015: Latest version 01 May 2024.

6 Aug 2015: When goods are bought into the UK a tax called 'duty' is normally charged on the value of the goods (normally the purchase price). The duty applicable is calculated as a percentage of the value of the goods, but the percentage varies depending on

27 Jan 2020: Relevant legislation : Bribery Act 2010 Criminal Finances Act 2017 Payment Card Industry (PCI) Data Security Standards Money Laundering Regulations Modern Slavery Act Who needs to complete which compliance course ?

29 Jul 2015: Post-Award a grant will be set up in UFS where an application is successful and the sponsor has notified the Research Operations Office.

2 Mar 2021: Search site. Finance Division. Import FAQs: Commercial Invoice. Q. 1. Printer-friendly version. Search. Some items on this website are restricted. University members are encouraged to log in using Raven to make the best use of the site:. 2024

9 Mar 2016: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Code Commodity CA BEERS, WINES & SPIRITS AND ALCOHOLIC DRINKS CAA BEERS - BOTTLED, CANNED & KEG CAAA BEERS - BOTTLED CAAB BEERS - CANNED CAAC BEERS - KEG CAC CIDER - BOTTLED & DRAUGHT CACA CI

10 Jan 2023: In exceptional circumstances, the Accounts Payable Team can arrange for an urgent payment. For the team to be able to process this payment, the specific invoice needs to be entered into UFS. Please contact the Accounts Payable Team to discuss your

1 Apr 2015: When trust funds are established there are a number of considerations that should be taken into discussion with potential benefactors, including: The value of the capital This should be sufficient for the purpose for which it is to be used.

31 Mar 2015: Overview The usual means of incurring and managing the expenditure on land and buildings is through Estate Management (EM) because of the complexities of building projects.

1 Apr 2015: The Financial Regulations specify that it is the Head of Department's responsibility to ensure that all trust funds are maintained in credit. See also the guidance for Trust Fund Managers

12 Aug 2015: Departments are responsible for ensuring that all expenditure charged to a grant complies with sponsors’ terms and conditions.

11 Aug 2015: Each application for funding must be authorised by the Head of Department/ Institution or their nominated deputy (see delegated authority process) prior to the application being sent to their School Team within the Research Operations Office to

5 Aug 2015: International Payment Orders (IPO) are the normal method used by the University to transfer funds to individuals and organizations with non-UK bank accounts. They can also be used as a method for paying foreign currency to a UK account.

29 Jul 2015: Pre-Award Services The Research Operations Office (ROO) are responsible for assisting departmental administrative and academic staff to understand the processes and requirements associated with research grants and contracts.

12 Jun 2020: Search site. Finance Division. Governance & Compliance FAQs. Q. What mandatory training should individuals complete who are delegated authorities to request to spend against research grants/GLs but who do not have CUFS access themselves? The only

5 Aug 2015: It is best practice for departments to reconcile suppliers’ statements each month to ensure that they have recorded all invoices and credit notes taken. This process should be done regularly to ensure that operating results provide a true

27 Jan 2020: Departments have a responsibility for ensuring that all departmental policies and procedures comply with the Financial Regulations and follow the best practice guidance in the Financial Procedures Manual.

12 Aug 2015: Invoicing of sponsors and collection of funds due is the responsibility of the Research Operations Office in conjunction with the Credit Control Team within the Finance Division.

5 Aug 2015: Purpose of credit cards The University issues company credit cards to its employees where it is deemed the only effective method of payment in the proper performance of duties. Heads of Institution are responsible for ensuring that the cards are

20 Mar 2015: A budget is a financial representation of planned activity for a given period. The basic principle is to compare the cost of the planned activity to the expected income the activity will generate and establish whether there will be a surplus (income

2 Mar 2021: Search site. Finance Division. Import FAQs: Returning Goods. Q. I am reimporting medical exempt (for VAT) goods which I had to return to the supplier for repair - how do I generate a medical exemption certificate to give to the agent? Print out and

1 Apr 2015: Payment Procedures In general, payments from trust funds will be made by the departmental accounts team unless the trust fund is held centrally, in which case the payment requests should be sent to the Trust Funds Assistant in the Finance Division

31 Jan 2019: The VAT implications of research income will differ depending on the nature of the arrangements and the parties involved. It is essential that the appropriate VAT rate is selected for each grant as the VAT status impacts both the research budget and