Procedure: Preparing financial reports: Difference between revisions
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Every report and deliverable produced by Future Worlds Center must adhere to the highest standards of quality including financial reports as well. To produce it according to professional standards, please ensure the following procedures: | Every report and deliverable produced by Future Worlds Center must adhere to the highest standards of quality including financial reports as well. To produce it according to professional standards, please ensure the following procedures: | ||
* Comply with the deadline of reporting stated in the Grant Agreement of the project; | * Comply with the deadline of reporting stated in the Grant Agreement of the project; | ||
* Contact the Future Worlds Center Financial Unit in advance to have assistance for the reporting; | * Contact the Future Worlds Center Financial Unit in advance to have assistance for the reporting; | ||
* The Financial Officer will provide a list of expenditure and income of the project extracted from the accounting | * The Financial Officer will provide a list of expenditure and income of the project extracted from the accounting system; | ||
* The financial report should include exactly the same information provided by the Financial Officer; | * The financial report should include exactly the same information provided by the Financial Officer; | ||
* Once the financial report is ready, send it for approval to the Financial Officer; | * Once the financial report is ready, send it for approval to the Financial Officer; | ||
Revision as of 05:26, 23 January 2012
Every report and deliverable produced by Future Worlds Center must adhere to the highest standards of quality including financial reports as well. To produce it according to professional standards, please ensure the following procedures:
- Comply with the deadline of reporting stated in the Grant Agreement of the project;
- Contact the Future Worlds Center Financial Unit in advance to have assistance for the reporting;
- The Financial Officer will provide a list of expenditure and income of the project extracted from the accounting system;
- The financial report should include exactly the same information provided by the Financial Officer;
- Once the financial report is ready, send it for approval to the Financial Officer;
- In case of deviation a meeting shall be arranged with the Financial Officer to correct the discrepancies;
- After the approval, copy all the supporting documents relate to the report and file it to the legal folder of the project. All copies should be filed even if sending the supporting documents are not required by the Grant Agreement.
