Financial Management in FP7 Projects

The financial guidelines for EU-funded research projects in FP7 cover everything from eligible costs to interest earned on advance payments, from payment terms to penalties, from subcontracting to social costs. The workshop addresses the financial rules and practices of the Cooperation and Capacities Programmes of FP7. It will give you a practical interpretation of the EU financial rules and guidelines drawing on real experience and bring out the differences and similarities between FP6 and FP7.

The following topics will be covered:
- Basics of EC research funding
- Cost models in FP7
- Funding rates & cost rates
- Moving from additional costs to full costs
- Flat rates & lump sums
- Eligible costs
- Variations, deviations, limitations
- Subcontracting & third parties
- Financial issues in negotiating contracts
- EC issues vs consortium issues
- Financial reporting
- Management reporting & reporting tools
- The EC reporting spreadsheet
- Audit certificates & EC audits

The workshop is essential for finance and administration staff involved in EU research projects, whether as a coordinator or partner. It is also suitable for project managers and professional advisors working on these projects.

Date: 9 - 10 March 2009

Tutor: Paul Drath, Director Singleimage Ltd., St. Ives, UK

Venue: Helmholtz Office, Rue du Trône 98, 1050 Brussels, Belgium

Course fee: 795 EUR.

The fee includes tuition, documentation, certificate, morning coffees, sandwich lunches, afternoon teas, refreshment drinks.