Work to convert the University’s accounts to meet the new financial reporting regulations has been underway for the past year. The current strand of the project work is looking at internal reporting, and in particular, a review of agresso account codes for income and expenditure. This review has looked at streamlining the current coding structure, and grouping codes into ranges which reflect the type of income and expenditure. The proposed new structure is currently being sent out to the project group for consultation. Once finalised, we will send out further information and links to briefings and guides.
The intention is for new codes to be ready for use in January 2016, with some codes to be closed by the end of this financial year. If you would like more information on this please contact the FRS102 Project Accountant, Richard Warnham (R.Warnham@kent.ac.uk).