Specialist Accounting
The Specialist Accounting team have four main areas of activity:
- Research accounting
- Technical accounting
- Tax (including VAT)
- Treasury
Research accounting:
- Receive transfer of pre-award data and communicate with PI on award
- Access and store contractual and post award documentation centrally (including PIs)
- Manage and monitor project income and expenditure through project reporting and provision of drill down data
- Review and approve research related SRFs and expenditure
- Prepare statements and claims detailing the required data
- Close project accounts
- Manage and respond to ad hoc queries, guidance and advice requests including dealing with any audits or similar compliance requirements
Technical accounting:
- Ensure the University's statutory returns are completed in accordance with all relevant statutes and regulatory requirements
- Produce returns in format for Companies House
- Produce returns in format for the Charities Commission
- Reports for regulatory compliance
- Reporting to regulatory bodies
- Oversight of international regulatory reporting
- Consolidation workings, adjustments, movements & disclosures
- Consolidated cash flow statement, income and expenditure, provisions, loans, interest payable analysis
- Reconciliation of intercompany balances
- Management of exceptional items
- Produce month end accounts for the Trusts
- Maintain the asset register for University's UK activities
- Provide commentaries on results
Tax
- Ensure the University returns, forms & submissions are completed in accordance with all relevant statutes & related regulatory requirements
- Submit all relevant corporate tax returns, related statements & declarations for University UK subsidiaries & trusts
- Submit P11D and PSA returns for University activities
- Submit returns, statements & declarations for other activities as required for University UK subsidiaries & trusts
- Ensure the University activities are compliant with all relevant statutes & related regulatory requirements
- Prepare tax declarations for VAT, Corporation Tax and other HMRC returns
- Manage tax compliance, risk management & cost mitigation
- Providing guidance, advice, comment & reviews on all matters regarding Tax, University strategy, projects and activities
- Review and advise on Employment Status questionnaires
Treasury:
- Manage the University's overall cash and bank balances
- Establish amount of cash available to invest
- Invest spare funds appropriately to maximise the return
- Ensure all balances and investments are recorded in the ledger
- Monitor credit ratings of investment destinations to ensure that all University investments remain compliant with University policy
- Manage the University's corporate loans, including interest and principal
- Manage loan covenant requirements, ensure that the University does not breach the covenants
- Maintain the corporate Treasury Policy and ensure all treasury management activities are compliant
- Carry out scenario planning for loan and other financing alternatives
- Calculate any exchange rate gain or loss arising on difference to contract rate, if applicable
- Identify any surplus euros or other currencies which can be converted to GBP
- Carry out period end close activities, including investment postings and accruals
- Review bank reconciliations and temporary petty cash floats
- Carry out annual financial year-end confirmation of petty cash balances
Things to do now
Contact us
Technical Accounting
- Email: j.henwood@reading.ac.uk
- Tel: 0118 378 8024
Treasury
- Email: s.e.mealor@reading.ac.uk
- Tel: 0118 378 6135
Research Accounting
- Email:
- a.ehsan@reading.ac.uk
- Tel: 0118 378 7165
- e.l.robinson@reading.ac.uk
- Tel: 0118 378 6383
- k.butt@reading.ac.uk
- Tel: 0118 378 8106
- l.j.askew@reading.ac.uk
- Tel: 0118 378 5401
VAT Team
- Email:
vat@reading.ac.uk - Tel: 0118 378 5441