Institutional finance for universities
The Financial Memoranda make reference to further documents which set out detailed mandatory requirements.
Statement of Recommended Practice for Further and Higher Education (SORP)
British Universities Finance Directors Group (BUFDG) model financial statements
Early retirement and pensions
See also Institutional finance for colleges.
Transparent Approach to Costing
The Transparent Approach to Costing (TRAC) is the standard methodology used by higher education institutions (HEIs) in the UK for costing their activities. It was established as an approach to identifying the Full Economic Costing (FEC) of all activities to improve the accountability for the use of public funds and inform institutional decision making.