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.
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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.
Financial Statements are available in PDF format for the following years:
Area Name Phone Director of Finance David Beattie 2115 Director's Office Anita Williams 2115 General Queries Accounts Payable firstname.lastname@example.org 2624 Cash Office email@example.com 2266 Credit Control firstname.lastname@example.org 3517
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Helane Gannicliffe 4467
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
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