This Guide is designed for use by recipients of LSC funds. The Guide sets forth financial accounting and reporting standards for recipients of LSC funds, and describes the accounting policies, records, and internal control procedures to be maintained by recipients to ensure the integrity of accounting, reporting and financial systems. In addition, the Guide includes illustrative appendices which describe accounting practices and procedures (such as the illustrative financial statements and chart of accounts) acceptable to LSC. These illustrations are not mandatory and do not preclude the exercise of the recipient's professional judgment in developing additional or alternative accounting and reporting procedures that meet LSC requirements. This Guide.