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FOR BHF USELL1 2019STATE OF ILLINOIS DEPARTMENT OF HEALTHCARE AND FAMILY SERVICES FINANCIAL AND STATISTICAL REPORT (COST REPORT) FOR LONGER CARE FACILITIES (FISCAL YEAR 2019) I.DPH License ID Number:
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What is period beginning?
Period beginning refers to the starting point of a specific time period, such as a fiscal year or reporting period.
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Typically, businesses and organizations are required to file period beginning as part of their financial reporting obligations.
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Period beginning is usually filled out by entering the specific date or time period that marks the beginning of the accounting or reporting cycle.
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The purpose of period beginning is to establish a clear starting point for financial or reporting activities, ensuring accuracy and consistency in record-keeping.
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On period beginning, entities may need to report important financial data, such as opening balances, capital investments, or other significant events that occurred at the start of the period.
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