General Finance Processes/Information

Research Accounts is responsible for financial reporting to customers for research, studentship and departmental projects, and manages the associated debt.

The team is responsible for all internal and external reporting of the financial aspects of projects (research, studentship and departmental) including supporting departments in meeting financial assurance requirements. The team also sets up and amends awards on the projects module of Oracle Financials.

Research Accounts works closely with departmental finance officers and administrators, and with Research Services, which is responsible for managing pre-award activities with departments.

For more information/questions please contact our Research Team research@medsci.ox.ac.uk

General Ledger Accounts

The department has a number of General Ledger (GL) accounts.

GL accounts are used for a whole range of reasons including:

1. Operational Funding – Used to cover a number of staff salaries, rental payments for space, utilities, equipment, building projects, staff development, communication expenses, student costs and much more!
2. Courses - The department's courses are also set up on GL accounts to manage all associated income and expenditure for them and show how the course is at the very least covering its expenses.
3. Facilities - Some of our facilities funding is variable and therefore a GL account allows the flexibility to invoice customers for the income when it's agreed.