Section 1 Introduction to Business and Financial Functions at the University of Illinois
The University of Illinois 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 OBFS 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 University's financial functions. The scope and diversity of University activities and facilities are more complex than those normally found in a single corporate entity. The complexity of University business operations is the result of our size, scope, and diversity and the external regulations that shape our policies and procedures.
1.1 Introduction to the unique business environment at the University.
1.3 Financial Documents
1.4 Records Management
1.5 Conducting Business Outside of Illinois
1.6 Ethics and Compliance