Framework for DTU's Finance

DTU's finance and accounting are based on common principles, guidelines, and processes designed to ensure accurate bookkeeping, transparency, and timely reporting across the organization. The financial framework forms the basis for both day-to-day financial administration, ongoing financial monitoring, and financial reporting.

The pages under Framework for DTU's Finance compile key information on, among other things, accounting instructions, budget principles, VAT rules, and chart of accounts, as well as the timelines for accounting and reporting.

Årsrapport og grundlag for regnskabsaflæggelsen

Each year, DTU prepares an annual report, which constitutes the university's comprehensive and formal financial reporting to the public. The annual report is certified by the auditor and documents how DTU has managed its financial resources during the past fiscal year.

The annual report contains both financial figures and productivity data, as well as a comprehensive description of the year's most significant activities and results. It thus provides a comprehensive overview of DTU’s finances.

The basis for the annual report includes the units' submission of their financial statements, which are submitted in February. This reporting is based on the interim financial statements and assumes that supporting documents and financial data have been processed correctly and in a timely manner throughout the year.

The annual report is then finalized centrally and is typically published in March and can be found on the website DTU.dk .

Deadlines for period-end closing and financial statement preparation

A prerequisite for fair financial reporting is that supporting documents and financial data are processed and approved in a timely manner. DTU therefore operates according to fixed deadlines for closing accounting periods.

These deadlines apply to all units and determine the latest date by which each unit must have processed and approved documents for a given period. The schedules include, among other things:

• timesheets
• expense reports
• goods receipts
• purchase orders
• customer invoices