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FP7 Financial Info and FAQs --> Financial Reporting, Timing and approval of financial reports

Periodic reports to be submitted by coordinator 60 days after end of period

·         progress of work

·         use of resources

·         Financial Statement (Form C)

 

Final reports to be submitted by coordinator 60 days after end of project

·         publishable summary report, conclusions and socio-economic impact

·         covering wider societal implications and a plan on use and dissemination of results

 

Commission has 105 days to evaluate and execute the corresponding payment

·         No tacit approval

·         After reception Commission may:

·         Approve

·         Suspend the time limit requesting revision/completion

·         Reject them giving justification, possible termination

·         Suspend the payment

Financial Reporting


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