Are you managing an EU Funded project?

Are you struggling with the EC procedures for recognising your project costs?

Would you like to understand the WHY and WHAT in the Grant Agreement provisions that you are obliged to?

Have you wondered how to calculate the Day Equivalents for your personnel, working for one or more EU Grants?

Are you hesitating on how to ensure Value for Money principle is adequately followed in your budget implementation?

With this online course, you will equip yourself with in-depth understanding about the   sound financial management principles, defined by the EC Authorities.  If your project is funded with a Budget-Based Grant and so funding is dependent on your financial reporting…

.. or if you are considering future participations in EC Calls for Proposals – even for Lump Sum Grants – and so, you would have to draft a budget….

In both cases, solid comprehension on the financial rules and on cost eligibility is a prerequisite for cooperating with the EC Authorities.

The best strategy for defending your financial interests when requesting EU funding is to design your financial internal controls the way the EC auditors would check them!

The course will give you a wide range of considerations, that project managers need to well be aware of, when partnering EC Authorities. From a theoretical point of view – on what is to be a partner of the EC Authorities, and on the process of Grant Management for both the Grant Holder and for the Grant Authority – to the practical application of the cost eligibility criteria and relevant financial provisions in the Grant Agreement or in a Call for Proposal – you will have the “code” to solve the puzzle.

We discuss and practice how to correctly identify, calculate and justify the different spending lines into the Grant Agreement’s cost categories according to the general and specific eligibility criteria. The course is relevant for most of the EU Programme funding opportunities, with a special focus on Horizon Europe.

Participants of the two days training will learn: 

• The contractual requirements for EU funded projects
• Documentation and record keeping requirements  
• How to document project finance
• How to identify eligible and non-eligible costs
• The differences between direct and indirect costs
• How to prepare for financial audits
• How to respond to pre-audit questions from the EC
• How to act during on-the-spot checks
• How to avoid disputes 

Course’s Benefits & Outcomes: 

• Become familiar with the current EU rules

• Prepare accurate documentation

• Avoid compromising your project

• Avoid financial corrections and repayments due to incorrect financial recording

• Improve the success rate of your project proposals

• Increase absorption of your funds through simplifying application and reporting processes

• Find out how to utilise the financial and auditing control tools

• Find out how to avoid second audits

• Increase your organisation’s competitiveness

• Benefit from practical workshops and exercises

• Learn from best practice examples of our experienced speakers

• Benefit from key insights

• Receive tangible and actionable advice on your individual questions

• Network and exchange experience with peers and possible partners from across EU

Participation fee for the 2 days training:

In-Class €1100 excl. VAT

Training package includes:

Admission to the course

Course’s Handbook

Hard copies of training material 

Certificate on the “Financial Administration & Auditing Preparation for E.C. Funded Projects” training completion

Certificate of attendance

Accreditation to Professionals Directory

Sara Dishkova
Certified Internal Auditor (CIA) since 2002

Sara has a long record of work experience in the domain of the internal and financial audit with a focus on managing EU Funds. She has been working in the European Commission, as a Certified Internal Auditor, on EU Agencies and other EU bodies, as well as Financial Auditor on beneficiaries of FP7 Research program.

As of 2020 Sara has joined the European Academy as a lead training consultant on EU Grants’ financial management. Her specialty spans from the experience in EU Research funds, through other EU Programmes as EU4Health, CERV and others.

Dimitrios Prilidis
Certified Auditor

Only recently left the B2 Unit, where for the last 4 years he has been conducting on the spot controls for beneficiaries. During his work, Dimitrios has contributed to the development and definition of new audit methodologies, approaches and strategies, guidance documents, manuals and other audit-related matters for Horizon 2020. Dimitrios has an extensive experience in Financial and Business Controls.