FP7 Financial Reporting & Audits

Venue: Budapest

Location: Budapest, Hungary

Event Date/Time: Feb 23, 2012 End Date/Time: Feb 24, 2012
Early Registration Date: Nov 25, 2011
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The course will be held at the Hotel Novotel Budapest Danube**** and will begin at 8.30 in the morning on 23 February conclude approximately 13.00 on 24 February 2012. Information concerning the venue and accommodation options will be sent upon registration.

Draft Agenda:


Financial Rules of FP7
The new financial rules for FP7 project management including cost models, EC payments, Financial Guarantee Fund, Certificates on Financial Statements, Certificate on Methodology, and Certificate on Average Personnel Costs.

Eligible Direct costs and indirect costs in FP7
Calculation of Personnel costs,Travel costs,Equipment,Other costs,and Overhead based on practical examples.Special cases of third party,in-house consultant,SME owners.

Workshop :reporting
Participants prepare a financial report for FP7,based on "dummy" invoices.


Understanding the financial reports

Pragmatic approaches in reporting; Point-by-point assessment of the prepared financial reports, format, content, overall principles, possible bottlenecks.

EC Audits and experiences

The Proposers' Perspective: Pragmatic approaches in reporting, final reporting, Experiences with EC Audits:how to prepare, format, content, overall principles, possible bottlenecks.