The Finance and Procurement section is responsible for the regulation of all income and expenditure of the University, and for ensuring that the systems of accounting and internal control are adequate and in accordance with laid down standards. The section also deals with insurance and investments, and is responsible for Procurement services.

Financial Statements
Current Year

The way Universities report their end-of-year financial position has changed this year, which means their accounts will look significantly different in comparison to previous years.  It is important to note that the underlying financial performance of many Universities has not changed, the only change is to the way they are reported.

This is as a result of a new accounting code introduced by the UK accounting standards body, the Financial Reporting Council.   The code - ‘FRS102’ - changes the way some income, expenses, assets and liabilities appear on the financial statements.  For example, for the first time the University must include in its balance sheet its share of the deficit in the Universities Superannuation Scheme (USS) as well as the deficit in our own pension scheme.     Further reporting changes require movement in these deficits during the year to be reflected in our income and expenditure account.  As pension valuations have been adversely impacted by global market conditions, this is having an impact upon not only the University of Aberdeen’s reported position, but also for our fellow Universities.

Despite the effect on the overall surplus or loss, the University’s finances remain healthy.

We would caution against comparisons between universities which are otherwise similar in size and type, because they may have different pension arrangements and have adopted different accounting policies.

Further information is available from the Finance Department.

Download the 2016 Annual Report and Accounts

Previous Years

Financial Statements are available in PDF format for the following years:

Contacts
Area Name Phone
Director of Finance David Beattie 2115
Director's Office Anita Williams 2115
General Queries
Accounts Payable acpayable@abdn.ac.uk 2624
Cash Office cashoffice@abdn.ac.uk 2266
Credit Control creditctr@abdn.ac.uk 3517

Corporate Credit Cards

corporatecards@abdn.ac.uk -

Insurance

insurance@abdn.ac.uk -

OneSource Finance System

finance-helpdesk@abdn.ac.uk -

Pensions

pensions@abdn.ac.uk

Suzi Laing

2289

Procurement

Helane Gannicliffe 4467

Sickness Absence

absence@abdn.ac.uk -

VAT Queries

Michelle Elrick 2541
School Financial Planning Contact
Divinity, History & Philosophy Siobhan Shewan  4552
Education
Language & Literature
Law
Social Sciences
Business School Scott Sinclair 3805
Biological Sciences Louise Stewart

7063

Psychology
Medicine, Medical Sciences & Nutrition Paul Chisholm 7062
Engineering Linda Jowett 3941
Geosciences
Natural & Computing Sciences
Professional Services Jessica Bird 3854
Student Life
Payroll Contact
Manager Sarah Thomson 2129
Grades 1 -4 Lorraine Baker 3700
Grades 5 & 6 Jackie Pirie 2127
Grades 7 and above May-Edith Jamieson 2122
Temporary Services Linda Paterson 4533
School Finance Person
School Finance Person Supervisor Jo Lockens 2119