The introduction of the new FRS 102 financial reporting standard has significant implications for the recognition of universities’ research income in their accounts. In this session facilitated by colleagues with deep experience of research grant management and of pure financial accounting, you will receive a full description of the requirements of the standard and the meanings of its key terms, and will explore the implications for pre-award application and contract management and post-award accounting practices, as well as a broader appreciation of the implications for the presentation of research income in universities’ financial statements and how these might impact future REF research income figures. We are delighted that in addition to one of our own, our colleagues at BUFDG (the British Universities Finance Directors Group) will be contributing to this session. A minimum level of understanding of accounting terms and practices will be assumed, but questions from delegates with no prior knowledge will be welcome. Come along to find out what this new standard will mean for you and your university, and learn from others how their own universities are responding to the changes.
|Theme:||Policy and Governance|
|Time:||11:30 - 12:45|
|Date:||7th Jun 2016|
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