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  2. Jun 30, 2022 · This paper contains analysis of the 2020-21 sector aggregate data based on submissions from higher education institutions in England and Northern Ireland. Also provided is a summary of UK sector data.

  3. Published 30 June 2022. Annual TRAC 2020-21: Sector summary and analysis by TRAC peer group provides analysis of costs, and income by activity categories: publicly funded teaching; non-publicly funded teaching; research and other (income generating activities) and other (non-commercial activities).

  4. 2020-21 is the sixth year in which TRAC reporting has been prepared under the new Higher Education Statement of Recommended Practice, applying Financial Reporting Standard (FRS) 102.

  5. Examples of how TRAC can be and is used include: HMRC accepted method for VAT partial recovery, informing teaching funding models, Research Council funding of projects, resource allocation models and course costing. In addition institutions have found benefit in using TRAC data and good practice examples to support other

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  6. TRAC data is collected annually from Higher Education Institutions (HEIs). 2020‐21 is the sixth year in which TRAC reporting has been prepared under the FE/HE Statement of Recommended Practice (SORP), applying Financial Reporting Standard 102 (FRS 102).

  7. Oct 13, 2021 · This includes confirmation that TRAC(T) data is not being collected for academic year 2020-21. Please note that where the TRAC guidance is updated to cater for the introduction of new requirements or changes to TRAC processes, the new sections are produced in bold blue text.

  8. www.trac.ac.uk › publicationsTRAC

    TRAC guidance for 2020-21 returns now available. September 2021. Version 2.6 of the Transparent Approach to Costing (TRAC) guidance is now available. This version should be used for TRAC returns for the academic year 2020-21. A change log is provided at Annex 1.1a to help identify updates.

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