July 2019
Version 2.4 of the Transparent Approach to Costing (TRAC) guidance is now available. This version should be used for TRAC returns for the academic year 2018-19. A change log is provided at Annex 1.1a to help identify updates. This includes confirmation of the sign-off requirements for the Annual TRAC…
Read moreMarch 2019
The Financial Sustainability Strategy Group (FSSG) has published its report on ‘Understanding the impact of income cross-flows on financial sustainability in the UK higher education sector’. The report uses TRAC data to provide an insight into the extent of the income cross-flows and reports on the benefits they provide.
Read moreJanuary 2019
Please note: This invitation is now closed. Invitation for new members and Chair to support the work of the group We wish to invite expressions of interest from potential members from across the UK to provide additional strength to the existing membership of the TRAC Development Group…
Read moreNovember 2018
The TRAC Development Group’s November 2018 bulletin provides updates on the group’s work including: Updated TRAC guidance and webinar Feedback from TRAC Conference 2018 New reports published Pensions briefing note published Margin for Sustainability and Investment: Analysis of 2016-17 data Annual TRAC 2016-17: Sector analysis…
Read moreNovember 2018
The TRAC Support Unit hosted a webinar on Tuesday 6 November 2018 to support the implementation of the TRAC guidance (for versions 2.3 and 2.3.1) for 2017-18. The Support Unit explained the changes introduced since version 2.2. View or download the webinar Please note: There is occasional audio distortion…
Read moreSeptember 2018
This report sets out to provide insights, drawn from existing higher education institutions, on the development and delivery of undergraduate provision via alternative methods. It is recognised that this is an emerging, but important issue that provides both opportunity and challenge to the higher education sector. The report complements the…
Read moreAugust 2018
A report has been published summarising the analysis of the Margin for Sustainability and Investment (MSI) data reported in the 2016-17 Annual Transparent Approach to Costing (TRAC) returns to UK higher education funding bodies. This follows the adoption of the MSI in place of the two sustainability adjustments used up…
Read moreAugust 2018
Pensions accounting under FRS102 This briefing note provides background information on the accounting treatment of the different pension schemes that are used by universities in the UK and provides information for those responsible for preparing TRAC returns on the treatment of the different scheme costs in TRAC.
Read moreJuly 2012
This study appraises the different methods of time allocation that have been adopted by the HE sector to fulfil TRAC requirements. The review further aimed to research other time allocation methods that may be appropriate for the sector and consider the issue of ‘burden’ that such processes are reported to…
Read moreJune 2011
Fulfilling student expectations through effective workload planning This guide supports an institution-wide, TRAC-compliant approach to workload planning models. While this guide may not be able to give you all of the answers, it can tell you what the important questions are and how other institutions have approached them.
Read more