ABSTRACT
This book aims to provide a comprehensive overview of financial management and control in the UK higher education (HE) sector for both the specialist finance professional and the non-financial academic or manager. Financial issues cannot be considered in isolation from the organisational context in which they are applied and although much of the practice of financial management and control is generic to all organisations the detailed aspects of practice will vary substantially according to the type of organisation involved. Every type of organisation has its own specific approach to managing its financial affairs and the particular style, techniques and systems used depend largely on four main factors:
the organisational structure and the financial information required within the organisation;
the management arrangements and processes in place; the organisational culture; the external environment within which the organisation must operate
and the policies and trends effecting that environment.
