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Failure to Prevent Fraud legislation now in effect

Learn more about the new ECCTA Failure to Prevent Fraud legislation with our new e-learning course

Access the e-learning here

 

Preparing for SORP

To support preparations for the FEHE SORP (effective from 1 January 2026 and expected to be published in August 2025), a webinar was hosted by KPMG's Accounting Advisory Services team in May 2025 outlining the most crucial updates, the implications of the changes, and practical guidance on how to address them. The recording of the recent webinar is available to the public, so any auditors or FE accountants can view it. Our practical 'Ready, Set, SORP' guide is a useful read for those planning implementation, including a handy checklist. BUFDG members can also sign up for the next SORP Implementation Forum (11 November 2025) to discuss the changes and implications involved in the adoption of the 2026 SORP with others.

Finance and other systems used in universities

We've gathered information from our members about which financial and other systems they use, and captured the finance system for 123 universities/higher education providers, plus the systems/software used for payroll, expenses, CT returns, VAT returns, and global mobility for many of them.

 

News

BUFDG Digest 10 September

10/09/2025

Matt Sisson

This edition includes a final call for the TRAC and MA conferences, new e-learning on Failure to Prevent Fraud, news from the UUK conference, opportunities for shared services, and lots more. 

BUFDG Digest 27 August

27/08/2025

Joni Rhodes

Au revoir to Gill! Also in this Digest, USS i-letter, new meetings and events, student recruitment, Terminations Payments guidance corrections, new ‘Non-contracting authority’ group, SORP latest, and much more.

USS August 2025 disclosure requirements i-letter published

26/08/2025

Joni Rhodes

USS FRS-102 i-letter providing information in respect of the funding position of the scheme as a whole, accompanied by the 'Annex A' Aug 25 disclosure note.

All news

BUFDG E-learning

Did you know? BUFDG has an extensive suite of over 50 CPD-certified e-learning modules, covering a huge range of HE finance topics. These are free to access with your BUFDG website account.

Upcoming Events

TRAC Practitioners Conference 2025

23/09/2025

Online

The TRAC Conference will be taking place on-line this year from 1pm Tuesday 23rd – 1pm Wednesday 24th September. 

Non Contracting Authority group meeting

23/09/2025

Teams - 13:30-15:00

Non Contracting Authority group meeting.

CERN roundtable

29/09/2025

Online via MS Teams - 10.00 to 11.30

CERN roundtable for members only, covering movement of people/goods/services.

 

Cost Saving Measures

Potential cost-saving measures Finance Directors and CFOs can consider when exploring new ways to manage costs effectively without compromising the quality of education and services in the face of ongoing financial pressures.

Download the document

2025 Financial Statements webinar resources

The 2025 Financial Statements webinars were held in May 2025. The slides and recording are now available for members to access.

Access the recording and slides

Termination Payments Guidance

This guidance sets out the tax implications of payments and benefits provided to employees on the termination of their employment.

Read the Guide here

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