1 Fiscal Environment
The University of Illinois System is subject to and complies with a variety of federal and state financial requirements and generally accepted accounting principles which may be different from those governing other businesses. The Business and Financial Policies and Procedures Manual includes the policies and procedures to follow for complying with these requirements as they relate to your unit's business functions.
Section 1 provides an overview of the system's financial functions. The scope and diversity of system activities and facilities are more complex than those normally found in a single corporate entity. The complexity of system business operations is the result of our size, scope, and diversity and the external regulations that shape our policies and procedures.
Ethics and Compliance
Under Review