Search

17 Apr 2024: The University’s Standard Terms and Conditions separately outline the charges that the buyer is liable to if they cancel the order for the goods and services before the goods are delivered or the services performed.9 9 STC, Clause 7.1 Latest

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.

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.

16 Apr 2024: Normally used for the sale of goods and should be considered for UK sales over £10,000, and for non-UK sales over £5,000. The guarantee can stipulate specific terms and conditions.

1 Dec 2020: The Strategic Procurement and Purchasing (SPP) project – which will enable the University to better buy its goods works and services, with improved frameworks and more user-friendly systems and processes – is currently planning its

16 Apr 2024: Where using standard credit terms is not applicable, payment in advance is the recommended option.

6 Feb 2015: From January 2015 CIMA introduced a new syllabus and a revised style and format of exams. Each level of CIMA will now be assessed by three subject specific objective tests plus a longer integrated case study.

6 Feb 2015: To qualify as an ACCA member, you will need to complete: exams - a minimum of five of 15/14 exams (nine are eligible for exemption) experience - record 36 months' experience in a relevant role You will need to have a workplace mentor Fundamentals

17 Apr 2024: If every effort has been made to contact the customer, including a previous referral to the Credit Control team for support, the next step is to decide if an external debt collection agency is to be used.

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.

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

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

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.

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

20 Jul 2016: Q. Usually we get the top 10 or top 20 suppliers and we have to reconcile the statements. ... The deadline for this is 20 July 2023. The forms are available Please mark the form with the date completed.

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

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

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

16 Apr 2024: External customers present several credit risks to institutions. When agreeing to extend credit, institutions must consider the credit risks associated with the type of customer they are intending to trade with and take steps to minimise the risks

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

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.

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 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: 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

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.

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.

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: 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

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 ?

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.

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.

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

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

4 Sep 2015: This section gives you a general overview of what we mean by the chart of accounts and its importance, with a brief description of what each segment means and some basic rules about its use. Introduction What is the chart of accounts?

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

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

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

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

25 Nov 2014: 6 Authority to Sign Contracts 6.1 Subject to Regulations 6.2, 6.3 and 18.4 Heads of Departments have authority to sign contracts in the course of the ordinary business of their Department in respect only of available funds for which they are

27 Jan 2020: Specific process Reference To sign contracts in the course of ordinary business (for those funds they are responsible for) Fin Regs 6.1 Provide prior written consent for non-University commercial activities to be carried out Fin Regs 25.1 Approve

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

22 Mar 2017: Click on the titles below to display the full communication.

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

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

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.

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

27 Jan 2020: The new Criminal Finances Act (CFA) 2017 will make companies and organisations including universities criminally liable if they fail to prevent tax evasion by either a member of their staff or an external agent, even where the organisation was not

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