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CHAPTER 4: FINANCIAL MANAGEMENT

CHAPTER 4: FINANCIAL MANAGEMENT

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• Method of accounting. The borrower is required to use the accrual method of accounting throughout the year for bookkeeping and budget preparations. Annual reporting must be convertible to the standards identified in §3560.308. • When the accrual method of accounting is used, the accrual-to-cash adjustment must

  Accounting, Accrual

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