European Academy for education and social research

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Financial Management of EU Funded Projects & External Auditing

Stress free management practices and dealing successfully with auditing by the European Commission.

Why to take this course?

Sound Financial Management practices are critical for a successful completion of a European project. Any European funded project is subject to audit by the European Commission for five years after its end. EC audits have been significantly increased at a European level for the last three years in order to ensure transparent and sound practices are applied and public money are well spent.

08 - 09 March 2016
Science 14 Atrium
– Rue de La Science 14b, Brussels (Belgium)

EUR 590

– EARLY BIRD fee (valid only for registration before 08 February 2016)

EUR 690

– Regular participation fee

Course fee:

Master financial Management of European Projects

09:00 - 10:00	09:00 - 10:30 Fundamentals in Financing Rules: Funding types, Financial Liabilities, EC payments and auditing periods How to specify/distribute the budget during the application process
10:00 - 11:00
	10:30 - 11:00 Coffee break
11:00 - 12:00	11:00 - 12:30 Eligible Costs/ Eligibility Check (ERA rule) Ineligible costs / Conditions for ineligibility Contribution in cash VS contribution in kind Direct Costs
12:00 - 13:00
	12:30 - 13:30 Lunch break
13:00 - 14:00
	13:30 - 15:00 Direct Costs (cont.) Indirect Costs (Overheads) Budget Reallocation between categories and partners
14:00 - 15:00
15:00 - 16:00	15:00 - 15:30 Coffee break
	15:30 - 17:00 Understanding the financial reporting What should and should not be included How to monitor and control your partners’ financial reports How to be a project manager and think as an accountant and vice versa Errors and common mistakes in financial reporting Individual support on completing the financial report of your project : Apply the mastered financial management practices in any European Funding Programme
16:00 - 17:00

Understanding how a financial audit from the European Commission works and avoiding pitfalls

09:00 - 10:00	09:00 - 10:30 Fundamentals on EC Auditing: Audit types, Contractual Provisions, EC audit outcomes and process Preparing for the EC Audit Pitfalls to avoid in EC audits
10:00 - 11:00
	10:30 - 11:00 Coffee break
11:00 - 12:00	11:00 - 12:30 Preparing for the EC Audit (cont.) Conduction of the field audit: what to be prepared for? EC Audit Outcome
12:00 - 13:00
	12:30 - 13:30 Lunch break
13:00 - 14:00
	13:30 - 15:00 Practical Session. Working on your own financial reporting
14:00 - 15:00
15:00 - 16:00	15:00 - 15:30 Coffee break
	15:30 - 17:00 Practical Session: Working on your own financial reporting
16:00 - 17:00

Course leader:

Nikolaos Floratos

European Commission Expert in Project Management of EU Projects and e-Accessibility services, Cyberall Access Ltd. Mr. Floratos mainly delivers courses on Successful Planning and Management of European Funded Projects as well as Effective Dissemination and Exploitation of European funded projects. He has also been engaged as expert from the European Commission on evaluating proposals requesting EC funding as well as reviewing EU projects since 2003 and he has managed so far more than seventy EU projects since 1997. He presents the most suitable mix as an EC expert and project manager with teaching experience. He has worked in six European countries and has cooperated and trained hundreds of individuals and organizations in successful proposal writing as well as project management of European funded projects.

We are no longer accepting registration for this course

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GET THE MOST OUT OF THE MASTERCLASS

Workbook

Get the materials of the Masterclass in advance, to get insights from the Expert beforehand.

European Project Kit

Enhance even more your knowledges: receive our useful kit composed by 4 digital documents as support in producing accurate project proposals.

Certificate of attendance

Certify the knowledge and skills acquired during the Masterclass with a digital Certificate issued by the European Academy for education and social research.