The feds propose changes to the way universities provide research income information to the government. This has generated comment among people who speak accountancy but for the rest of us the Innovative Research Universities has explained what it means and what bits need work.

IRU argues the issue is that “policy objectives” for the Research Block Grant scheme differ from the purpose of accounting standards. The proposal will be more time-consuming and “will increase the time lag between when research grants and contracts are won, and when universities are rewarded via RBG.”