Why is Volume III of the TRAC manual so long?
A – Academics don’t need to read it! The length of the TRAC manual is meant to help university finance specialists, rather than be a burden. There is a great deal of explanation but the actual requirements for Volumes I, II and III of TRAC are stated on just four pages of the manual – pp 36-39. Another reason for the length is that the guidance has two levels of implementation: light-touch with minimal requirements for non-research-intensive HEIs, and a robust method for research-intensive ones.
