Transcript The Accountant and Financial Management of SAPIENZA

The Accountant and Financial Management of
SAPIENZA University of Rome
VI Division - Accounting
SAPIENZA
UNIVERSITY OF ROME
Cinzia Poldi
Organizational and
accounting
structure
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Sapienza’s accounting, administrative and organizational
structure is articulated in Cost Centers with administrative
and financial autonomy and own budgets.
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The cost centers are:
Central Administration;
Faculties;
11
Departments;
66
Research and Services Centers.
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37
Central Administration
The Central Administration is organized into
functional areas identified in Divisions and Offices.
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Faculties
Faculty’s role is coordination, rationalization
and evaluation of Department’s teaching and
research activities.
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Departments
Departments are the basic structures for
research and teaching.
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Research and Service Centers
The target of Research and Services Centers is to
improve the opportunities for research through
integration and better utilization of resources and
to manage the scientific and technical equipment.
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Accounting Systems
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Financial Accounting
It has a function of authorization to grant the respect of
financial balance and to control the expenses;
It collects the financial movements;
It is based on:
revenues
expenses
It produces two types of documents:
budget
financial statement
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Economic Accounting
…from 2013
Its aim is the measurement of operating income and
working capital.
It collects the economic and financial movements;
It is based on:
revenues
costs
It produces two types of documents:
balance sheet
statement of comprehensive income
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(L. 240/2010 )
Cost Accounting
Its aim is the quantification of costs through direct
and indirect allocation to the cost centers in order to
measure the cost-effectiveness and the efficiency;
It is articulated in Cost Centers.
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Main Financial Statements for the Administrative,
Financial and Accounting Management of Sapienza are:
Budget
Financial
Statement
The budget is a forecast of revenues and
expenses which are expected to be cashed
and to paid in the financial year
It shows the results of financial accounting
underlining any changing from the starting
forecast
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The Financial Structure
of Italian Universities:
the Role of State
Funding
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The financial system of the Italian university is a
derivative financial system.
As
public
administration,
universities
are
financially supported by government funding.
University’s main revenues are referring to:
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Own Revenues
Tuition Fees and Contribution
Contracts and Conventions
Commercial Activities
Transfers Revenues
Fund Operating
Fund for the Planning of University Development
Fund for investments
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Fund Operating
Share of Basic
Share of Incentive
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Fund Operating
for Sapienza on 2010
Share of Basic
Share of Incentive
~ € 446.000.000,00
~€
5.445.000,00
10% Fund Operating
Other
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~ € 107.555.000,00
An Overview to the
Budget
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Overview of the main
balance sheet items
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Own Revenues
17 %
Transfers Revenues
81 %
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Own Revenues
Tuition Fees and Contributions
86%
~ € 113.000.000,00
Contracts and Conventions
~€
6%
7.500.000,00
~€
1%
1.500.000,00
Commercial Activities
7%
Other
~€
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9.000.000,00
Transfers Revenues
91%
Fund Operating
~ € 559.000.000,00
9%
Other
~€
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57.000.000,00
Expenses
64%
Human Resources
~ € 587.000.000,00
19%
Operating Expenses
~ € 173.000.000,00
2%
Investment Expenses
~€
10%
Interventions for Students
~€
Transfers for Operation
Transfers for Research Spending
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18.000.000,00
92.000.000,00
3%
~€
30.000.000,00
2%
~€
15.000.000,00
Thank you for
attention
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