29 November 2016 
Matt Sisson, Projects and Membership Manager
Tomorrow afternoon will see university leaders, governors, unions, journalists, regulators, and other key stakeholders converge on BAFTA in central London for a joint BUFDG/HEFCE event explaining the new accounting rules. New World, New Numbers is a non-technical look at how the FE and HE Statement of Recommended Practice (SORP) will impact on the way university finances are measured and recorded. The exact effect will be different for each HEI but, combined with changes to pension schemes, the challenges of Brexit, and new policies and regulation, the figures universities use to reflect their financial resources and sustainability could suddenly look very different.
The whole event is being filmed, and we’ll be releasing the videos shortly afterwards so that those who couldn’t attend don’t miss out. If you’d like to know more about what’s being covered, you can view the programme here.
We’ve also produced a briefing to accompany the event, which is available here. It’s a very short and accessible introduction to the new rules, and contains examples on how the changes might impact the accounts of older and newer universities. If you have any questions about the event, drop Matt an email.
