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26 Nov 2015: Current areas of concern Fraudulent HMRC e-mails Fraudulent e-mails are being circulated relating to Her Majesty's Revenue & Customs (HMRC). In all cases the e-mails state that a tax refund has been calculated for an individual and provides a link

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

20 Mar 2015: 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 exceeds cost) ... or deficit (cost exceeds income) at the end of the period.

27 Feb 2015: When coding expenditure to the grant standard expenditure categories such as staff costs, travel and subsistence will apply. ... Overheads cannot be claimed on any subcontracting (e.g. audit costs). The EC will reimburse 100% of costs.

14 Apr 2015: 5. At full application stage, the Research Operations Office (ROO) will need to check the proposal to ensure costs have been calculated correctly.

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.

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

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.

21 Apr 2015: ECONOMIC RESEARCH - MPHIL. ECONOMICS - BA. ED CRITICAL APPROACH TO CHILD LIT-MPHIL.

24 Mar 2015: Each Investigator must disclose to his or her Head of Department any Significant Financial Interests (and those of his/her spouse and dependent children) that reasonably appear to be related to the Investigator's Institutional Responsibilities.

6 Feb 2015: Practical Experience Requirements (PER) Becoming an ACCA-qualified accountant does not just involve passing your exams and the professional ethics module, you also need to complete our Practical Experience Requirement (PER). PER provides a structure

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

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

10 Jul 2015: Search site. Research Operations Office. Audit overview. Audits. All major funders expect recipient institutions of research funding to provide assurance that public funds are spent efficiently and in a cost-effective

7 Apr 2015: The Grants Module records expenditure and income for the University's research grants and contracts. Research grants are governed primarily by the length of the grant rather than accounting periods (months), and therefore departments will need to be

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

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.

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

7 Apr 2015: Each internal customer has a two-letter 'department code' which in most instances coincides with the two letters at the beginning of their departmental cost centres. ... For example: Temporary Employment Services (TES) of Personnel Division has its own

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

23 Jul 2015: All institutions are required to regularly monitor actual activity to planned activity and control their expenditure to ensure that it is in line with available funds. If required, appropriate corrective action should be taken to resolve significant

12 Aug 2015: The standard cost centre for this is AG, the first two letters being the department code. ... This may vary in departments where more than one cost centre is used.

12 Aug 2015: Search site. Finance Division. Staff costs. Staff costs are imported into the Grants module monthly. ... Where Staff costs have been incorrectly coded they can be transferred using the Tools/Transfer function in the Expenditure enquiry screen.

20 Mar 2015: What is the Deposit Account The deposit account is a University wide facility that allows departments with surpluses (on a variety of eligible sources of funds) to invest those funds.

19 Mar 2015: Obtaining clearance from the Tax Team The engagement and payment for services where the engaging department does not propose to make payment through payroll must be cleared by the Tax Team.

2 Nov 2015: Please contact for technical issues accessing either the catalogue, Cognos or UFS or, running the reports themselves ufsenquiries@admin.cam.ac.uk for new or requests for amendments to existing reports FSG.System.Support@admin.cam.ac.uk

4 Sep 2015: Search site. Finance Division. Non-pay costs (E). The codes most used in departmental transaction processing are those beginning E (for non-pay expenditure).

24 Mar 2015: The University of Cambridge has developed a policy for the management of Financial Conflict of Interests (FCOI) for anyone applying or receiving research funding from US-based research organisations.

18 Aug 2015: Search site. Finance Division. Training documentation and FAQs. Submitted by Helen Bailey on Tue, 18/08/2015 - 11:23. Link:. Search. Some items on this website are restricted. University members are encouraged to log in using Raven to make the best

19 Jan 2015: Income Tax allowances 2020/21 2021/22 2022/23 2023/24 2024/25 Personal Allowance - those born after 5 April 1948 £12,500 £12,570 £12,570 £12,570 £12,570 - those born between 6 April 1938 and 5 April 1948 - - - - - - those born before 6 April

19 Jan 2015: The 2024-25 tax rates are: UK-wide tax allowances (UK) Basic rate 20% on annual earnings above the PAYE threshold and up to £37,700 Higher rate 40% over £37,701 to £125,140 Additional rate 45% over £125,140 and above Rates for Scotland (S Prefix)

27 Feb 2015: Please see the below FP7 Cost Categories document explaining this issue and providing examples of which types of costs should be charged under which activity type. ... fp7_collaborative_project_cost_categories.pdf (384.51 KB). Assistant Director, EU &

6 Feb 2015: The Tax Team is responsible for ensuring that the University pays the right amount of tax. To do this, we make sure that we pay tax when it is properly due, but also make sure that we claim any reliefs that are available to us as a charity or

24 Mar 2015: The Contracts Team of the Research Operations Office (ROO) is responsible for all contracts related to research with a wide range of external organisations and for authorizing all research contracts for collaborative research within the University.

19 Jan 2015: All foreign staff commencing employment must complete a Starter Checklist form, which should be sent to the Payroll Section. Download the Starter Checklist here. This form is designed to be completed online. Please ensure you complete both the

16 Jul 2015: There is an increased emphasis on managing and sharing data produced in research. Many of the research funders supporting work at the University of Cambridge require that research data are openly available with as few restrictions as possible.

31 Mar 2015: Any non-recoverable VAT (NB. only the net cost has the 'track as asset' box ticked. ... This grant will then be written off over the same period as the asset cost.

4 Sep 2015: They should be self-funding in that they cover all their related costs. ... Thus, an overriding principle is that the full costs of an activity should be matched against the income received.

26 Oct 2015: These pages set out procedures and provide additional information for claimants, approvers, department administrators and finance staff in interpreting the policy. The policy and its annex must be referenced for context.

6 Aug 2015: The Accounts Receivable (AR) module of UFS is used for customer record creation and maintenance, raising sales invoices, credit memos and debit memos to external and internal customers. These memos are commonly referred to as a credit or debit notes,

2 Apr 2015: Topics covered in this section are: Sources of funds for donations General Donations - source of funds EF** to EX** Specific Donations - source of funds H*** Specific Endowments

7 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.

19 Mar 2015: Payments to students for grants and field trip expenses may be entered onto UFS without obtaining clearance from the Tax Team. Bursaries and studentships should ideally be paid through payroll using a UPS3 form though in practice they are unlikely

6 Feb 2015: Sales These are the University’s Terms and Conditions which apply to all sales of goods and services made by the University unless otherwise stated or agreed between the parties, as well as our General Conditions of Contract terms for purchases of

6 Feb 2015: The Anti-Bribery Policy is a key area of concern for the Audit Committee because non-compliance could result in prosecution of the University for failure to prevent bribery, including, in extreme cases, prosecution of senior managers.

6 Feb 2015: Status 2023/2024 May 2024 June 2024 Accounts Payable CLOSED OPEN Accounts Receivable CLOSED OPEN Purchasing CLOSED OPEN Grants CLOSED OPEN Inventory CLOSED OPEN Fixed Assets CLOSED OPEN General Ledger CLOSED OPEN

12 Aug 2015: Pooled Labour, Non Direct Costs and Overheads are all posted by Research Accounting. ... The non-direct costs due to departments are posted to the departmental research cost centre and the source of funds EZ.

3 Sep 2015: Reports available Summary of standard Cognos reports available to departmental users in both GL and Grants.

20 Oct 2015: Funds transferred into the salary heading must carry the appropriate indirect cost charge. ... This does not apply to FEC grants as they are unaffected by virement for staff costs.

19 Jan 2015: From 6 April 2013 form P38(S) was withdrawn from use. From this date students are treated in the same way as all other employees for Income tax and National Insurance contributions purposes. A Starter Checklist form should be completed in place of