Financial Reporting and Compliance

Financial Reporting and Compliance manages the year-end audit process, updates the investment portfolio and the endowments, maintains the chart of accounts, processes journals (including internal debit notes-IDNs), advises on relocation claims, prepares the annual TRAC return and HESA Financial Record and maintains the signature database.

The team also supports the activities of LSE Foundation and The Russell Group of Universities.

Chart of Accounts

For all requests complete the Finance Division Enquiry Form.

For new projects select Financial Planning & Analysis

For other new accounts and access to OneFinance, select Finance Systems.


HESA Financial Record

This is filed annually with the Higher Education Statistical Agency and is used by various organisations for benchmarking.

For queries complete the Finance Division Enquiry Form and select Financial Reporting & Compliance.

Investments and Endowments

Investments and endowments are updated monthly on APTOS.  Information on endowments and donors’ statements can be provided on request.

Please contact Peter Davies, Financial Accountant, ext 5231, or email:



Journals (including Internal Debit Notes-IDNs)

Journals should be prepared using Data Entry on OneFinance. 

Raising a Budget Journal [Training guide]
Raising a General Journal to Amend Coding [Training guide]

For queries regarding journals:

complete the Finance Division Enquiry Form.

Select Financial Reporting & Compliance regarding standard journals.

Select Financial Planning & Analysis regarding budget journals.


LSE Foundation

LSE Foundation is based in New York and undertakes fundraising activities for the School as well as building alumni relations.

Services carried out are bookkeeping, maintenance of financial records, preparation of the annual financial statements and tax compliance.

If you have any queries or require information on LSE Foundation please contact:

Jenny Febry  Extenshion 5348



Relocation Claims

Expenses claimed against relocation package are authorised and administered by the Relocation Coordinator. 

For enquiries, complete the Finance Division Enquiry Form.

Select Financial Reporting & Compliance and the Relocation Expenses.

The relocation policy is available on the HR website. Please follow this link for further information. 

Residences and Catering 

Responsible for :

  • interface issues between Rezlynx and OneFinance
  • reconciling Residences accommodation system into OneFinance
  • accommodation cross charge between Rezlyns and OneFinance (internal bookings)
  • Residences year-end audit
  • LSE Lets Accounts

Russell Group of Universities

The Russell Group represents 24 leading UK universities and carries out research on their behalf.

The team provides the Group, which is not part of LSE, with bookkeeping services and prepares monthly management accounts and annual financial statements which are approved by its Directors.

Transparent Approach to Costing (TRAC)

All HE institutions are required to file an annual return with HEFCE.  The indirect and estates charge out rates are derived from this return.

Every three years, a Time allocation survey (TAS) is carried out to apportion academic staff time into various activities – teaching, research and others. This is to ensure that the correct information is included in the TRAC return so the School can secure the right level of funding.

If you have a query, please complete the Finance Division Enquiry Form, selecting Financial Reporting & Compliance

TRAC Time Allocation Survey

As required by the Office for Students, we are conducting a time allocation survey in 2019/20.  

The Purpose of TRAC and the Requirement for the Time Allocation Survey

Guidance for Academics

Classification of Time

Guidance for Departmental Managers

Any queries, please contact


Year End 2020


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