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Nikolaos Floratos
teaches:

Master Financial Management of European projects
Stress free management practices and dealing successfully with auditing by the European Commission

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Master Financial Management of European projects

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

Masterclass overview

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.

Agenda: Register € 890

Day 1 Day 2
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
We are no longer accepting registration for this course

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€890.00
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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...

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