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The Example Financial Statements are based on the activities and results of Illustrative Corporation and its subsidiaries ('the Group') - a fictional consulting, service and retail entity that has been preparing IFRS financial statements for several years. Grant management always starts and ends with financial responsibility. The FFR is required on an annual basis, except for domestic awards under the Streamlined Noncompeting Award Process and awards that require more frequent reporting.
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Such visits provide an opportunity for two-way communication between the grantor and the award recipient.
Technical assistance provided by the grantor is also a means for ensuring that the grant recipient is complying with the award agreement.
A Financial Statement records and outline the financial activities of a business, an individual or any entity. Reports are provided through the Inbox for those who have been assigned a role (for example, Owner/PI, Reviewer, or Research Administrator). The Example Financial Statements are based on the activities and results of Illustrative Corporation and its subsidiaries ('the Group') - a fictional consulting, service and retail entity that has been preparing IFRS financial statements for several years.
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