Understand the financial rules of the game.Training being held by former EC Officers having hands on experience in EU R&D projects. 09:00    Welcome of participants 09:30    Session 1 : Understand the financial environment of your project The financial basis of the project : The financial regulation and the rules for participationUnderstand the main financial principles of European research contractsThe cost reimbursement system :Eligible and non eligible costs Cost models and their consequencesDifferent types of reimbursement of costsThe Community Framework for State Aid for Research and Development 11:15    Coffee break 11:30    Session 2 : Practical case : How to prepare your budget The preparation of your budgetHow to calculate the prefinancing, the contribution to the guarantee fund and the final retentionAdvice and best practices 13:00    Lunch 14:30    Session 3 : How to manage your budget? Budget management for participantsBudget management for coordinatorPayments by the European Commission: Approval and deadlines 15:30    Coffee break 15:45    Session 4 : Final Reporting to the European Commission Reports and deliverablesCertificate on the financial statements and certificate on the methodologyForm C 17:30    Conclusion and end of module