FP7 Financial Management and Reporting 2012

Key Topics

• Eligible and non-eligible costs, cost statements. Upgrading your financial admin system
• Financial rules for FP7 projects – how to harmonise EU rules with you national taxation and internal accounting principles?
• Allocation of Travel costs, Equipment, Other costs, and Overheads based on practical examples
• Different calculation methods of Personnel costs – employees and consultants
• Workshop: Reporting – participants prepare a full financial report for a virtual FP7 project I a role-play exercise, based on "dummy" invoices, salary slips and time-sheets!
• Subcontracting and third parties – how to avoid rejection of costs?
• Uploading of reports to the Participants portal, hints and tricks to control your partners’s spending
• Pragmatic approaches in reporting – point-by-point assessment of the prepared financial reports. Format, content, overall principles, possible bottlenecks