This is an adapted version of Europa Training’s Master of Finance and Administration and EC audits for those who need a good overview of the finances in Horizon 2020 but lack the time to attend their 3-day course. You can always read the Annotated Model Grant Agreement (only a few hundred pages on finances – NB: latest version published in December 2018), or sit back and listen to the rules, their full explanation and specific examples from real life.
The day will start with an extended presentation covering from A to Z of Horizon 2020 financial issues.
After this, you will go through Europa Media’s famous financial reporting workshop to simulate financial reporting under H2020: together with your group mates, you will fill in an actual financial statement for an H2020 project using custom-made documentation including timesheets, salary slips and invoices.
After the workshop you will go over some pragmatic approaches in reporting; Point-by-point assessment of the prepared financial reports: Format, content; overall principles, possible bottlenecks, what should and should not be included.
The second day will finish with a step-by-step guide on how to report costs, deal with deviations, and internal allocation issues. Handling the EC requests for clarification, suspension of payments and other issues with a hands-on approach.