Common use of Reporting and Accounting Clause in Contracts

Reporting and Accounting. The Cooperation organisation shall hand in a midyear report to the Swedish project organisation after the first half of the year covered. The midyear report shall consist of a short descriptive report on the development of the project as well as an accounting statement of funds previously paid out as compared with the budget (not audited). The Cooperation organisation shall no later than Date each year submit a yearly report in two parts on the project operation during the preceding 12-month period (1 January-31 December) to the Swedish project organisation. The first part shall include descriptive report in which the results achieved shall be compared with targets and project plan. The reason for deviations, if any, from the project plan shall be explained and motivated. The second part shall contain a financial statement of cash funds received. The disposition of the statement shall be the same as that of the budget (appendix 1) and shall be signed by the auditor and the person authorised to sign for the Cooperation organisation.

Reporting and Accounting. The Cooperation organisation organization shall hand in a midyear expenditure report to the Swedish project organisation organization after the first half of the year covered. The midyear expenditure report shall consist of a short descriptive report on the development of the project as well as an accounting statement of funds previously paid out as compared with the budget (not audited). The Cooperation organisation organization shall no later than Date than Date each year submit a yearly report in two parts on the project operation during the preceding 12-month period (1 January-31 December) to the Swedish project organisationorganization. The first part shall include descriptive report in which the results achieved shall be compared with targets and project plan. The reason for deviations, if any, from the project plan shall be explained and motivated. The second part shall contain a financial statement of cash funds received. The disposition of the statement shall be the same as that of the budget (appendix 1) and shall be signed by the auditor and the person authorised authorized to sign for the Cooperation organisationorganization.

Reporting and Accounting. The Cooperation organisation organization shall hand in a midyear report to the Swedish project organisation organization after the first half of the year covered. The midyear report shall consist of a short descriptive report on the development of the project as well as an accounting statement of funds previously paid out as compared with the budget (not audited). The Cooperation organisation organization shall no later than Date than Date each year submit a yearly report in two parts on the project operation during the preceding 12-month period (1 January-31 December) to the Swedish project organisationorganization. The first part shall include descriptive report in which the results achieved shall be compared with targets and project plan. The reason for deviations, if any, from the project plan shall be explained and motivated. The second part shall contain a financial statement of cash funds received. The disposition of the statement shall be the same as that of the budget (appendix 1) and shall be signed by the auditor and the person authorised authorized to sign for the Cooperation organisationorganization.