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Financial Management Practice Manual

Under Sections 61, 62 and 63 of the Financial Accountability Act 2009, the University, as a statutory body must ensure its operations are carried out effectively, efficiently and economically. The University must establish and maintain appropriate systems of internal control, keep funds and accounts in compliance with prescribed requirements, undertake planning and budgeting and prepare annual audited financial statements and reports.

Furthermore under Section 16 of the Financial and Performance Administration Standard 2009, the University is required to prepare and maintain a Financial Management Practice Manual (FMPM) which will be developed in accordance with the Act, the Standard, relevant legislation, Accounting Standards, best practice and associated internal policies.

Further financial resources are available to University staff at Finance and Business Solutions - Home (

The Financial Management Practice Manual (FMPM) is formed by a number of individual but related policies. The FMPM is the authoritative internal source of information and guidance, designed to assist the University manage its financial resources and meet its financial responsibilities, and to assist University staff meet their financial compliance requirements. The FMPM is regularly reviewed and updated by staff in Finance and Business Solutions. Should you have any questions regarding the University’s FMPM please contact the Senior Support Officer who will address any issues with the relevant subject matter experts.

The policies, procedures and schedules that comprise the FMPM can be accessed via the Financial Management Policy and Procedure Library.