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Business and Financial Policies and Procedures

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  • Open Comment Period: August 7 - August 18, 2017

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jkgill@illinois.edu Aug 11, 2017 10:38 am

Procedure #3 states "To ensure accurate financial reporting, it is required to properly record......"

The use of "it is" is unclear.  The following verbiage may be more clear - "To ensure accurate financial reporting, revenues and expenses related to the revenue-generating event must be properly recorded."