BUFDG TRAC Learning Quiz - Governance of the TRAC processes

The aim of this quiz is to help you to think about some of the things we've talked about in respect of governance of the TRAC processes. Please feel free to refer back to the learning materials if there's anything you're not sure about.

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* 1. Please enter your name.

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* 2. Which of the following does not usually play a role in the governance of your institution's TRAC processes?

The Accountable Officer / Head of Institution

The President of the Student Union

A relevant committee of the Governing Body

The TRAC Oversight Group

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* 3. Who should normally chair your institution's TRAC Oversight Group?

A lay member of our Governing Body

Our TRAC 'academic champion'

Our Director of Finance

Our TRAC accountant

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* 4. What should the TRAC Oversight Group review?

The design of the TRAC model

The institution's progress in implementing the TRAC processes each year

The TRAC data and return(s)

All of these

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* 5. What is the materiality threshold for the 'key' numbers within the TRAC return?

10%

20%

There's no materiality threshold

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* 6. When might you need to make a high-level adjustment of your TRAC data to take account of the impact of COVID-19?

We collected our staff time allocation data two years ago and things have been different this year

Our costs have been higher than usual, so we need to reduce them so they're more like last year

Some of our staff have been working from home, so we need to remove them from our TRAC data

High-level adjustment of TRAC data to take account of the impact of COVID-19 is not allowed