Trainings - Financial aspects of FP7contracts-Online Training

• Day 1: 2h

  Understand the entire cycle of your FP7 project

  o    Understand clearly the main financial principles of FP7 contracts: co-financing, non-profit, etc.
  •    Understand the financial provisions of your FP7 contract

  The cost reimbursement system :

  o    Financial and technical responsibility
  o    Guarantee fund
  o    Actual costs and lump sum/flat rate
  o    Beneficiaries, third parties, special provisions
  o    Total budget, eligible/non eligible costs, maximal EC contribution, etc.
  o    Funding rates per funding schemes, per type of entities and per activity

• Day 2: 2h

  Understand the financial provisions of your FP7 contract

  The cost categories :

  
  o    Direct costs : personnal, equipment, travel, consumables, subcontracting, tenders, etc.
        Focus on the staff costs: person-months, productive hours, hourly rate, time sheets, etc.
  o    Indirect costs (Overheads) : how to understand the different methods (actual costs, simplified method, certified methodology, 20% flat rate, 60% flat rate)
  o    Receipts, Interests

• Day 3: 2h

  Reporting

  
  o    Reporting period
  o    Form C
  o    Certificate on Financial Statement
  o    Financial aspects of the “Activity Report”
  o    The EC online reporting system: Force, etc.

• Day 4: 2h

  Practical case : How to prepare your budget?

  
  o    Activity based costing
  o    Example of payment schedule: Pre-financing, intermediate payments, final payment, financial audit, etc.
  o    Tips and best practices

• Day 5: 2h

  Practical case: How to manage your budget as a coordinator and as a partner?

  
  o    Budgeted costs versus actual costs
  o    Annual budget update
  o    Financial scoreboard
  o    Distribution of the EC contribution
  o    Internal organization to comply with the EC rules
  o    Financial audits
  o    Tips and best practices

Contact: Natalia Rivas - Email: natalia.rivas@interfaceurope.eu - Tel: +32 (0)2 213 00 30