EU Financial Accounting and Reporting in International Cooperation and Development Projects
Financial Accounting in EU External Cooperation Funding is a Challenge for Many Beneficiaries beyond the European Union’s Borders
Practitioners in the field of EU-funded projects face the following challenges as far as accounting and reporting is concerned. They need to be aware of the main developments in the programming period 2014-2020 and the major trends for future funding. To prevent recovery of funding, beneficiaries need to know how to manage and implement projects according to EU regulations, but also how to meet reporting requirements: What do intermediate and final reports have to contain? How to handle different cost classifications such as direct costs and indirect costs? What are eligible costs and how to document personnel costs in EU-funded projects? Especially when there are specific conditions like in Delegation Agreements (PAGoDA) or under organisations like the European Bank for Reconstruction and Development (EBRD), special requirements in accounting have to be kept in mind in order to be on the safe side for possible future audits.
Learn how to Avoid Costly Refunding Requests from the Commission through Proper Accounting and Reporting from the Start
Learn how to conduct the financial accounting and project management of your EU-funded project correctly at our Practical Seminar. Experienced financial managers and practitioners lead practical workshops on sound accounting for beneficiaries of EU external cooperation funds. They will provide participants with the necessary overview over current developments and future trends in EU external funding. The participants will also receive a good understanding of the requirements of how to manage and report projects according to EU regulations, like what intermediate and final reports have to contain and how they can facilitate the reporting process through the submission of contract addenda. They will train to use different perspectives on accounting in order to understand the interests of auditors. Proper reporting will be made easier by training the main requirements given by the European Commission in a workshop with an expert practitioner. By training the criteria for eligible costs and proper documentation, participants will know how to avoid expensive refunds. The special requirements in delegation agreements under PAGoDA will be explained as well as practical examples from the experience from EBRD projects
- National and regional authorities which are involved in the financial management of projects funded by EU external cooperation programmes such as
- European Development Fund (EDF)
- Instrument for Pre-Accession Assistance (IPA)
- European Neighbourhood Instrument (ENI)
- Development Cooperation Instrument (DCI)
- Development agencies using IPA, ENI, DCI and EDF funds
- Public organisations and NGOs handling projects funded by EU external cooperation funds
- Public Development Banks
- Private companies and planning offices executing service contracts for IPA, ENI, DCI and EDF-funded projects from sectors such as
- Construction and infrastructure
- Energy and environment
- Consultants advising beneficiaries of EU external cooperation funding
- What are the main developments in the programming period 2014-2020? What are the major trends for future funding?
- How to manage and implement projects according to EU regulations
- What do intermediate and final reports have to contain?
- How to do proper project accounting
- How to meet reporting requirements
- How to handle different cost classifications such as direct costs and indirect costs
- What are the new specific conditions of the Delegation Agreements (PAGODA)
- What are eligible costs for EU-funded development projects
- How to document personnel costs in EU-funded projects
- How to account for costs in EBRD projects
- Ensure the success of your EU-funded project by implementing accounting in accordance to EU rules
- Increase the efficiency of your work
- Implement your projects with more certainty
- Learn how to avoid the threat of funding recovery
- Receive practical advice on your individual questions
- Benefit from many practical examples and exercises as well as group work sessions
- Network with experts and peers from other countries and exchange your experiences
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