Interactive Seminar Financial Accounting and Audit in European Research & Development Funding 20th - 21st February 2014, Berlin
FINANCIAL ACCOUNTING AND REPORTING FOR EU-FUNDED RESEARCH PROJECTS – TIME CONSUMING AND COMPLEX
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 and 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. DIFFERENT FUNDS – DIFFERENT RULES Horizon 2020 (H2020) - the new Framework Programme for Research and Innovation will be implemented in January 2014. First calls for proposals for Horizon 2020 will already be launched in December 2013.
To benefit from its funding, strict rules need to be respected. But what changes in financial accounting are to be expected for Horizon 2020? Since Horizon 2020 is about to start, the stakeholders have to handle both the rise of new instruments and regulations as well as the continuation of old projects under the old rules of FP7 and CIP.
Therefore, it continues to be 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. Be aware: In the past years, the European Commission has significantly increased the number of audits in the field of research and commercialisation.
Special attention needs to be given by beneficiaries of the Marie Curie and European Research Council (ERC) grants. Project accounting differs from collaborative FP7 programs. Complex eligibility criteria and rules have to be followed and – above all – strict deadlines have to be met. Failure to follow these rules can result in hard financial consequences for the beneficiary. Regardless of the source of funding, projects must be well-planned and an in-depth knowledge of the financial management procedures and requirements for EU-funded projects must be guaranteed.
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 that will await you in 2014 and beyond.
Benefit from workshops and case studies that will help your daily practice:
- Master the specific requirements within the different funding schemes –
- FP7, CIP, Horizon 2020, COSME, Marie Curie and ERC grants
- Categories of costs, eligibility criteria, actions and reimbursements in Horizon 2020
- Account for personnel and other eligible costs accurately
- Draft thorough reports and be prepared for extensive audits within all schemes
Expertise, experiences and first-hand information shared by specialists from:
- External Audit Unit, DG Research and Innovation, European Commission
- National Contact Point for Legal and Financial Issues in FP7 and Horizon 2020, EU Research and Innovation Programmes Unit, Tekes, Finland
- Finance & Control, Faculty of Science, Utrecht University, the Netherlands
- National Contact Point for Legal and Financial Issues in Horizon 2020, The Danish Ministry of Science, Innovation and Higher Education, Denmark
- Resources Planning and Control, European Organization for Nuclear Research (CERN), Switzerland
You are invited to bring particularly demanding cases to discuss with your peers.
If you have any further questions or comments regarding this event, please do not hesitate to contact :
European Academy for Taxes, Economics & Law - The European Knowledge Network
At Potsdamer Platz (Entrance & postal address: Leipziger Platz 9, 10117 Berlin, Germany)
Contact Person: Ms Regina Lüning (Head of Marketing & Sales) at Tel.: +49.30.802080.246 (Direct Line) or Fax: +49.30.802080.259 or Tel.: +49.30.802080.230 (General Office) -Fax: +49.30.802080.250 (Booking) or by E-Mail: regina. luening@ euroacad. eu.
Check also www.euroacad.eu.
|Organization:||European Academy for Taxes, Economics & Law|