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Customised Workshops --> 2 Day Financial Workshop

Workshop Title: 2 Day Financial Workshop

 

Workshop Target: Financial, Admin staff and Researchers and Project Managers.

 

Workshop Aim:  To ensure the attendees have the tools required to interpret and implement the rules of FP7 and H2020. This is key in enabling them to understand and implement their own financial responsibilities and options in applying for and undertaking an EU RTD project.

 

Venue: At your premises

 

Workshop Cost: £7,000 + Travel + Subsistence costs for 1 person.

 

The Workshop will include specially prepared materials including: presentations, exercises and workbooks with illustrated examples ready for printing. These workshops will be conducted by experienced Project Managers.

 

Please note that we can customise each workshop and tailor it to your specific requirements

 

Sample Agenda:

 

H2020 Introduction

·          Free H2020 Book

·          What is a Framework Program?

·          Framework Program Budgets

·          Workflow

·          Project Phases

·          Funding Schemes

·          Different Implementations

·          Brussels' Language

 

H2020 Vs FP7

·          Terminology changes

·          Major Changes summary

·          Eligibility for Funding

 

H2020 Participation

·          Sub Contractors Major and Minor

·          Third parties

·          Small & Medium sized Enterprises (SMEs)

·          SME Independence

 

H2020 Grant Agreement

·          Different Annexes explained

 

When do we get money?

·          Pre-financing

·          Distribution (Consortium Agreement)

·          Guarantee Mechanism

·          Financial Viability

·          Funding Rates

 

Forms of grants

·          Eligible Costs

·          Flat rates

·          Lump-sum financing

 

Personnel Costs

·          Man Month Rates

·          Personnel Costs calculation

·        3 Options    

·          In-house consultants

·          Timesheets

·          Timesheets for Academics

·          Example of Productive Hours

·          Hourly Personnel Rate

·          Employment and Personnel Issues

·          Students

·          Overtime

·          Unit Costs

 

Bookkeeping

·          Direct Costs Vs Overheads

·          Accounting Records

·          Books of Account

·          Dual currency accounting

·          Cost Recording

 

Budgets

·          How to budget correctly at the proposal stage

·          Budgeting issues

·          Budgeting Spreadsheet (tool)

 

Proposal Submission system SEP

·          SEP Setup

·          SEP Walkthrough

·          SEP forms

·          SEP Submittal

 

Unique Registration Facility (URF)

·          Unique Registration Facility (URF)

·          Legal Entity Appointed Representative (LEAR)

·          Participant Portal

·          PIC

·          NEF

 

Receipts to the project

·          What is a receipt?

·          Types of receipts

·          Interest earned

 

Eligible & Ineligible costs

·          Eligible Direct Costs

·          Ineligible costs

·          VAT

·          Taxes

 

Overheads

·          Types of Costs

·          Indirect v direct costs

 

Financial Reporting

·          Interim reporting

·          Final reporting

·          Project progress report

·          Financial Contribution

·          Timing and approval of financial reports

·          FP7 Form C

·          Online reporting Walkthrough

·          CSAs Reporting

 

Certificate on Financial Statement

·          When are CFSs required?

·          Agreed Upon Procedure

·          Terms of Reference

·          Auditor’s instructions

·          Certificate on the Methodology

·          Appointing an Auditor

·          Conflict of interest in appointing auditor

·          Using a CPO as auditor

·          Certification

 

EU Audits / Liquidated Damages

·          EU Audits

·          Follow up Liquidated damages

·          How to avoid Liquidated damages.

·          Consequences and Extra Penalties

·          What to do if things go wrong?

 

The Role of the Coordinator

·          Coordinator's responsibilities

 

Financial secrets

·          At the proposal stage

·          At the negotiation stage

·          For the Consortium Agreement

·          During the project

·          How to ensure you get your money.

 

If you would like some more information or discuss dates, then please contact us here.



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