Using financial information. UCU training Stephen Court [email protected] UCU senior research officer. Using financial information. Aims of this session: to provide guidelines and significant financial information;
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Aims of this session:
Statement of Principal Accounting Policies
Income and Expenditure Account
Balance Sheet – 31 July snapshot
Income and expenditure account
Did the institution make a surplus or deficit?
Did the institution have any net current assets in cash or near-cash after allowing for the money it owes over the next 12 months?
Fixed - buildings, equipment
Current – stock, debtors, investments, cash
Current & long-term liabilities
Total net assets
Incl pension liability
Current assets – cash, or sellable items minus
Current liabilities – debts payable within 1 year
Any spare cash?
‘Income & expenditure account’ or ‘General account’
minus pension reserve
Other reserves: Restricted reserve; revaluation reserve
Other items: eg deferred capital grants