Financial Accounting and Audit in European Research & Development Funding
The European Union provides various funds and instruments to support stakeholders such as universities, research centres and companies in the fields of research and development as well as the commercialisation of research results. However, financial accounting and reporting of EU-funded projects are considered very time consuming and complex.
Beneficiaries of EU-funded research projects have to commit themselves to the strict requirements of budgetary management regulations. By not following these rules the projects can be at great risk. The European Commission can decide to freeze grants or even demand complete reimbursement. Therefore, it is important to prepare properly for the financial management of your EU-funded projects.
Horizon 2020 (H2020) is the most significant EU funding programme for Research and Innovation. But which challenges have to be considered when it comes to financial accounting in Horizon 2020 and Marie Skłodowska - Curie and European Research Council (ERC) grants? In the past years, the European Commission has significantly increased the number of audits in the field of research and commercialisation.
It is crucial that projects meet both the overall strategic objectives of the funding scheme and the detailed financial requirements. Precise records must be kept which have to follow inflexible reporting rules and withstand financial audits. It is therefore important to always know what is new in Horizon 2020 projects and how to successfully deal with challenges, like the eligibility of direct and indirect costs and their definition.
Similarly, project managers need to be aware what the changes in the personal cost documentation mean for their relevant projects and which costs can be considered eligible in the different funding programmes. They need to know exactly what to include into financial reports, and how to use financial planning and financial spreadsheets most effectively. They should also be aware of the differences in accounting and reporting and how to successfully comply with financial requirements and duties of European Research Council funding and Marie Skłodowska - Curie grants.
Furthermore, they need to know the special requirements for financial reporting of Marie Skłodowska - Curie Innovative Training Networks (ITN). Lastly, the audit process of EU research and innovation projects needs to be prepared and typical errors avoided. Learn at this interactive seminar about current eligibility rules, financial reporting and audits and gain insights to changes in financial management of EU research projects.
Directors, Heads of Departments or Units, Financial Officers, Accountants, Financial Controllers, Research Managers and other members of staff responsible for handling finances in EU-funded research or commercialisation projects as Beneficiaries or Applicants for
- Horizon 2020 (incl. ERC, Marie Skłodowska - Curie Grants), FP7
- COSME, CIP and other EU Funds for research or commercialisation projects
from institutions and organisations such as
- Higher Education Institutions and Research Institutes
- Technology centres and clusters
- Companies and industry working in R&D&I
- Ministries for Economy, Science and Higher Education
- Municipalities and city councils
from departments such as
- Project Management Services
- Funding / Grants Office
- (Research) Accounting
- European and International Research Programmes
- Research Support Services
- International Cooperation in Research and Development
- Technology Transfer Office
- Financial Audit
- Audit Management and Implementation
- (Financial) Administration
as well as
- Regional Development and Innovation Agencies
- Funding bodies
Specialised consultancies and law firms, Certified Public Accountants and Public Auditors working within Horizon 2020 (incl. ERC and Marie Skłodowska - Curie Grants)
- What challenges have to be considered when working with Horizon 2020 and how to successfully deal with them? What’s new in Horizon 2020 projects regarding eligibility criteria, grants and reimbursement?
- Which direct and indirect costs in Horizon 2020 are eligible? How to define direct and indirect costs? What do the changes in the personal cost documentation mean for you?
- Which costs can be considered eligible in the different funding programmes?
- What should you include into your financial report of Horizon 2020 projects? How can you use financial planning and financial spreadsheets most effectively?
- What are the differences in accounting and reporting in European research council funding? How can you successfully comply with financial requirements and duties of research funding?
- How to handle different types of Marie Skłodowska - Curie actions?
- Which are the special requirements for financial reporting of Marie Skłodowska -Curie Innovative Training Networks (ITN)? What are the consequences for the coordinator on how to fill in the cost statement (form C) and to handle the budget when using flat rates in ITNs?
- How to prepare for a Commission audit and how avoid typical errors?
- What are the most common errors in the audit – and how to avoid them?
- Be prepared – Familiarise yourself with the most relevant funding programmes like Horizon 2020, the challenges that have to be considered and how to successfully deal with them
- Ensure success right from the start – Learn how to plan EU-funded budgets, eligibility criteria, grants and reimbursement
- Receive first-hand advice from experienced practitioners on how to avoid most common errors in financial reporting of Horizon 2020 projects
- Master accounting and reporting for European Research Council Funding and different types of Marie Skłodowska - Curie actions
- Benefit by safely navigating the special requirements for financial reporting of Marie Skłodowska - Curie Innovative Training Networks (ITN)
- Prepare for Audit Process of EU research and innovation projects. Protect your budget – Avoid reimbursements
- Work in small groups on interactive step-by-step exercises within your particular field of work
- Network and exchange experiences on handling finances of EU-funded research projects with peers from all across Europe
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