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4 Sep 2015: This is simply a spare field in case we decide to expand the accounting code structure at some point in the future. For the present this is always going to be 0000 (four zeros). Latest version 01 May 2024

2 Apr 2015: Careful consideration should be given before accepting gifts of works of arts or books as there are often hidden costs to a department associated such as:. ... Once credited to the appropriate cost centres these funds may be invested in accordance with

20 Mar 2015: To take money off deposit, complete a journal as described in Placing money on deposit but this time: Credit the transaction code SCBA Debit the control account SCCA Latest version 15 April 2024

19 Mar 2015: In the case of the latter, PAYE and NICs will need to be deducted (note that if NICs are due then there is an additional cost to the University as Employers’

4 Sep 2015: This is identified for each trust fund on the system by the cost centre ZZYA. ... K. Cannot spend against ‘Permanent Capital’ – Cost Centre ZZYA. For more information see Trust Funds – FPM Chapter 13.

20 Mar 2015: Account codes for placing money on deposit. Department. Cost Centre. Source of Funds. ... Transaction code. Debit. Your Dept Code. Your Dept Cost centre. Your Dept source of funds.

23 Jul 2015: Schools and other University Institutions are expected to produce strategic plans. These plans set medium- to long-term priorities and explain how they are to be implemented. The strategic plans are accompanied by detailed financial forecasts.

31 Mar 2015: Freight Forwarders can advise on the best method of transportation and will see that all of the correct documentation is issued. This will avoid any delay in importing goods, for delays may mean that storage charges are incurred.

6 Aug 2015: Corporation tax is a tax payable by corporate bodies on any profits they make. The University is a corporate body and is therefore in principle subject to corporation tax on any surpluses made. However there are extensive reliefs available to

4 Sep 2015: These are for donations where the donor has specified that the gift is to be invested for the longer term, but where no trust fund has been established. In most cases the donor has also placed restrictions on the use of the income arising.

4 Sep 2015: Detailed information for research grants is held in the Grants (GMS) module in UFS. Summary information is passed into the General Ledger via a nightly interface. Transactions are summarised by department and by sponsor type.

31 Mar 2015: VAT and import duty is payable on goods from non-EC countries, unless they meet the requirements to obtain reliefs. The rules for calculating the amount payable are complex, and it is best to seek advice from the agent.

20 Mar 2015: Departments should check that by the fourth working day of month end any accounts with monies on deposit are not overdrawn at source of funds level. If overdrawn, departments should take money off deposit to ensure that by the close of business on

20 Mar 2015: You will be able to view details of departmental deposits and interest received using the Cognos Reporting tool. The suggested report is the GL: Budget to Actual, using analysing transaction codes: NBAA (Deposit account interest) and SCBA (Monies on

20 Mar 2015: An annual Investment management report of the CUEF is produced each year end.. This report presents the results for the year, details of the asset allocation of the fund, commentary on performance and records historic performance. If you would like

1 Apr 2015: Currently this depends on the number of CUEF units that are held and is calculated by multiplying the number of units by the distribution rate. It is credited to departmental accounts on a monthly basis on transaction code NAAA.

11 Aug 2015: All research projects need to have a contract. Where the University accepts a funding body’s standard terms and conditions eg. a Research Council’s, there is no need for negotiations to take place as such terms are widely accepted.

20 Mar 2015: The monthly interest calculation is run by the Treasury & Investments team using balances as at the end of working day four of the month-end processing period. No further deposit movements should be processed after this date. Interest earned varies

12 Aug 2015: extensions (cost and no cost), supplementary funding and virement of funds between expenditure categories.

20 Mar 2015: Twice a year, departments are sent a summary of their unit holdings as at 31 December and 30 June. Alternatively, departments can run the UFS Transaction Code Balances report at any time to obtain this information.