Master Financial Management of European projects
Stress free management practices and dealing successfully with auditing by the European Commission.
Course Starts on the 03rd July!

Master Financial Management of European projects

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

Why to take this course?

A competent financial manager of European funded projects will never be jobless since more than 140 billion EUR should be managed properly every year by following the ENA rule. They need to be Economic, Necessary and Actual.
However, acceptance of your financial reports by the funding authority or an auditing firm is not enough. Your project can be audited by EC services and its agencies from 3 to 5 years after its last payment and EC audits have been tripled since 2007. EC auditing identifies errors to 87% of audited beneficiaries that lead to rejection of claimed costs in their financial statement that have been approved initially by the funding authority and its financial officer.

  • today 3-6 July 2018
  • room
    Science 14 Atrium 
    – Rue de La Science 14b, Brussels (Belgium)
  • Day 1+2 EUR 1290  – Regular participation fee

  • Day 1+2+3EUR 1790 – Regular participation fee

  • Full CourseEUR 1990  – Regular participation fee
Fundamentals as financial manager and familiarization on EU Legislation on European Funds
Register
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
  • How to use and take advantage of specific EU legislation on european funds and apply it within your financial management practices and for defending your arguments to the EC officers and auditors
12:00 - 13:00
12:30 - 13:30
Lunch break
13:00 - 14:00
13:30 - 15:00
  • Group work on EU Legislation on European funds
14:00 - 15:00
15:00 - 16:00
15:00 - 15:30
Coffee break
15:30 - 17:00
  • Coordinator Rights and Obligations
  • Contractual Aspects and Administrative Management
16:00 - 17:00
Error-free Financial Reporting Practices
Register
09:00 - 10:00
09:00 - 10:30
  • Eligible Costs/ Eligibility Check (ENA rule)
  • Ineligible costs / Conditions for ineligibility
  • Direct Costs Categories
  • Indirect Costs
  • Practices for eligibility of staff costs
  • Time monitoring and recording free tools
10:00 - 11:00
10:30 - 11:00
Coffee break
11:00 - 12:00
11:00 - 12:30
  • Practices for eligibility of mission (travel and accommodation) costs
  • Practices for eligibility of Equipment costs
  • Practices for eligibility of Subcontracting costs
  • Practices for eligibility of Other costs
12:00 - 13:00
12:30 - 13:30
Lunch break
13:00 - 14:00
13:30 - 15:00
  • Think and act like a competent financial manager of European Funded projects, i.e.:
  • 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
  • How to apply the ENA rule in any European Funding Programme
14:00 - 15:00
15:00 - 16:00
15:00 - 15:30
Coffee break
15:30 - 17:00
  • Discussion on any gaps and addressing individualised weaknesses for ensuring all participants are confident in addressing their financial reporting tasks
16:00 - 17:00
Developing an EC – Audit proof approach
Register
09:00 - 10:00
09:00 - 10:30
  • Groupwork on fully completing a challenging Financial Report
10:00 - 11:00
10:30 - 11:00
Coffee break
11:00 - 12:00
11:00 - 12:30
  • Groupwork on fully completing a challenging Financial Report (Cont.)
12:00 - 13:00
12:30 - 13:30
Lunch break
13:00 - 14:00
13:30 - 15:00
  • Fundamentals on EC Auditing: Audit types, Contractual Provisions, EC audit outcomes and process
  • Preparing for the EC Audit
  • Pitfalls to avoid in EC audits
  • Strategy by the beneficiaries before, during and after the EC audit
14:00 - 15:00
15:00 - 16:00
15:00 - 15:30
Coffee break
15:30 - 17:00
  • Familiarisation with all the documentation requested by EC Auditors
16:00 - 17:00
Preparing your own Financial Handbook of the management of European Funded Projects
Register
09:00 - 10:00
09:00 - 10:30
  • Familiarisation with a given template developing a financial handbook as an effective code of practice for internal procedures in financial management
10:00 - 11:00
10:30 - 11:00
Coffee break
11:00 - 12:00
11:00 - 12:30
  • Group or individual work on developing a financial handbook for your organisation or your client as financial manager
12:00 - 13:00
12:30 - 13:30
Lunch break
13:00 - 14:00
13:30 - 15:00
  • Group or individual work on developing a financial handbook for your organisation or your client as financial manager (Cont)
  • Revision of financial handbooks per group with the support of the trainer
14:00 - 15:00
15:00 - 16:00
15:00 - 15:30
Coffee break
15:30 - 17:00
  • Formative Assessment and individual feedback to each participant for ensuring that each participant by the end of the course is considered a professional and competent financial manager of European Funded projects
16:00 - 17:00

 

Course leader:

Nikolaos Floratos

Nikolaos is ranked by Google and Linkedin in the top three positions as funding expert. The last 9 years, he has transformed hundrends of individuals into successful administrative and financial managers through science-backed and experience-based training and coaching practices. He has been involved as manager of european funded projects since 1997 and since 2010 supports organisations to develop an audit-proof approach in the financial management of their EU funded project. His strong point is not only his vast experience in financial management and auditing practices but also his way to make people understand and master complex issues such as financial management and EC auditing by decomposing them into simple step-by-step practices. Through his PhD research that focuses on student engagement and his 10 years training experience, he has proved that anyone can master even complicated subjects very fast by receiving training and support in an engaging way and with the proper instruction strategy. He delivers all his courses and seminars based on continuous interactions with his audience and based on “recipes” and practical steps that allow them to absorb easily what they should master and achieve extraordinary results very quickly.

 

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About Course promoters:

The European Academy for education and social research is an institution addressed at developing a better Europe through the knowledge sharing and a research based use of the Information and Communication Technologies. The European Academy for education and social Research achieves its education aim through the European Projects Academy. The social research, instead, is conducted through the My Europa platform that is based on the results of a research project of the European Projects Association.

The European Projects Academy is an educational programme created by the European Academy for Education and Social Research in collaboration with the European Projects Association. The courses are tailored to provide a collaborative and stimulating environment for leaning through in-class lectures, case studies and workshops led by professors, project managers, consultants and European affair advisors. Each course also includes individual work on My Europa platform (www.my-europa.eu), that is a web-based lifelong eLearning platform designed to develop European projects. The My Europa platform fosters the use of the Information and Communication Technologies in order to create a new generation of professionals able to use the European funds more efficiently, enhancing the absorption capacity of the involved stakeholders and lowering the overall costs of the entire lifecycle of European projects.


European Projects Association (EPA) is a politically independent nonprofit organization focused on research and development, innovation and internationalization of good practices in European Projects. The use of innovative information and communication technologies is a distinctive characteristic of this leading cooperation network dedicated to the European projects stakeholders. EPA supports the goals of organizations, experts and individuals with a complete set of ICT tools on My Europa platform and services that foster development, effective implementation and efficient dissemination of EU projects. EPA is a recognized innovative actor at the European level as a point in which knowledge and experience meet to create an ideal multimedia environment for the development of European projects.


Association Informo is a non-profit organization working to encourage employment through various forms of education, organization of seminars and consultations. As a non-profit organization, Informo acts with an aim to improve the life conditions of the citizens in various areas with a special attention to the youth and the unemployed.

In addition, Informo performs consultations in regards to preparation and implementation of projects which apply for national and international funding (EU, UN, and others) and the implementation and evaluation of projects financed by EU funds, providing information services on the EU options, and other consulting and educational services with international experts.

More info about the project
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COURSE LOCATION

Science14 Atrium, Rue de La Science 14b Brussels (Belgium)

Your address in the heart of Europe

 

At Science 14 Atrium, a prestigious workspace located in the heart of the EU district.

You will find the services you need to set up your address in Brussels and the office and meeting room facilities to effectively run your project.

You can quickly start your business and get pay as you go access to functional and flexible spaces for your meetings.

 

At Science 14 Atrium, powered by Halldis, you will also find the right contacts that will help you develop your projects.

The building brings with it an access to a professional network of companies, start-ups and entrepreneurs working closely with the EU Institutions.

Professionals are engaged in networking through regular events and receptions, training courses, conferences and seminars are also organized on a daily basis.

 

Through Halldis’ portfolio of serviced apartments, you can stay in a fully furnished apartment located centrally near the EU district each time you are in Brussels.

Visit our website:

www.science14.com       www.halldis.com/brussels

Contact us: info@science.com