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Online Webinar
13 Jan 2022

Financial Administration & Auditing Preparation for E.C. Funded Projects

From understanding the Financial aspects of H2020 to delivering model Financial Reporting and successfully dealing with on-the-spot audits

The H2020 Research Funding framework of the European Commission for the 2014-2020 programming period reserved the biggest budget portion for research that has ever been endowed from the EU budget before 2014. Projects funded under H2020 are still being run and are going to be subject to EC surveillance for as long as five years after their completion. That is why knowing and understanding H2020 financial rules is a must for H2020 projects managers.

This online course is an opportunity to grasp the basic principles for managing the EC funds under the H2020 framework. It is addressed to all those project managers, accountants, financial officers, who on a daily basis have to document and keep detailed information on how they spend the EC money. We will discuss the EC’s audit approach to H2020 beneficiaries in order to reassure project managers in their interaction with auditors.

With the new programming period 2021 – 2027 the EU budget envisages even more important investment focus on Research and Innovation, with its new framework Horizon Europe. We will discuss the novelties – investment focus, financial rules and simplification.

Short Course Agenda:

Day 1
Legal Framework behind the H2020 Financial Framework and changes under the new programming period 2021-2027 Horizon Europe
The EC Financial Regulation – legal basis for EU funding, principles, management modes, control standards for a Sound Financial and Control Management system
The H2020 Budget and Multiannual Work Programmes
Horizon Europe 2021-2027 – how it steps on H2020 and how it differs (rules, reimbursement rates)
Participation in the Guarantee Fund – the EC risk reserve tool
The Grant Agreement and its Annexes – what the Commission wants from beneficiaries and what it awards them

Eligibility of costs subject to reimbursement
Common principles of eligibility
Direct vs. Indirect costs
Keeping records
Actual vs Unit costs accounting

Direct costs – Personnel costs
Productive hours and hourly rate
Supplementary contracts
Unit costs (SME owners and Natural persons)

Day 2
Direct costs
Subcontracting and Implementing contracts
Financial support to Third Parties
Travel and subsistence allowances
Other direct costs
-Administrative costs
-Non-recoverable VAT

Indirect costs
General rules
Flat rate
Ineligible costs – identify and avoid errors from claiming them
How to treat Income from H2020 project?
EC Audits and conditions for final payment
Examples and questions


13 Jan 2022 @ 09:00 am

14 Jan 2022 @ 06:00 pm

Duration: 1 days, 9 hours

Timezone: GMT +1:00


Online Webinar


English en

Organised by

European Academy (deactivated)

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