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Part III - Annual TRAC

Costing system schematic

data process product
costing schematic

The annual TRAC process involves the attribution of costs to five figures, for reporting each year to the Funding Councils. The aim is to satisfy public accountability, and also to provide data that can be used for internal management.

The costing schematic shows how the annual TRAC processes provide data for the annual TRAC return and the charge-out rates that are used to derive costs used in estimating the fEC of research projects.

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