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<p style="margin: 0px 0px 0.14in; padding: 0px; text-align: left; text-size-adjust: 100%;"><font face="Times New Roman"></font><font face="Arial, Helvetica, sans-serif">Dear
Colleague, </font></p>
<p style="margin: 0px 0px 0.14in; padding: 0px; text-align: left; text-size-adjust: 100%;"><font face="Arial, Helvetica, sans-serif">As you are probably aware of, the European
Commission is sending out Letters of Announcement asking beneficiaries to
prepare for an upcoming audit. Involved in funded projects ourselves, we have
noticed that an alarming number of partners were unaware of their record
keeping obligations and the potential consequences of incorrect financial
management repeating entirely preventable mistakes. </font></p>
<p style="margin: 0px 0px 0.14in; padding: 0px; text-align: left; text-size-adjust: 100%;"><font face="Arial, Helvetica, sans-serif">For this reason, in European Academy we
worked with former Auditors of the European Commission to develop the course on
"<a href="https://www.europeanacademy.com/financial-administration-auditing-preparation-for-ec-funded-projects/?utm_source=2021-mailer&utm_medium=email&utm_campaign=Q3-announcement">Financial
Administration & Auditing Preparation for E.C. Funded Projects</a>". This online course is an opportunity to grasp the basic principles for managing the EC funds under the H2020 framework. It is addressed to all those project managers, accountants, financial officers, who on a daily basis have to document and keep detailed information on how they spend the EC money. </font></p>
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<u><strong>Short Course Agenda:</strong></u><br><br>
<i><font color="#004080"><strong><u>Day 1</u></strong><br>
<strong>Legal Framework behind the H2020 Financial Framework and changes under the new programming period 2021-2027 Horizon Europe</strong><br>
The EC Financial Regulation – legal basis for EU funding, principles, management modes, control standards for a Sound Financial and Control Management system<br>
The H2020 Budget and Multiannual Work Programmes<br>
Horizon Europe 2021-2027 – how it steps on H2020 and how it differs (rules, reimbursement rates)<br>
Participation in the Guarantee Fund – the EC risk reserve tool<br>
The Grant Agreement and its Annexes – what the Commission wants from beneficiaries and what it awards them<br><br>
<strong>Eligibility of costs subject to reimbursement</strong><br>
Common principles of eligibility<br>
Direct vs. Indirect costs<br>
Keeping records<br>
Actual vs Unit costs accounting<br><br>
<strong>Direct costs – Personnel costs</strong><br>
Productive hours and hourly rate<br>
Supplementary contracts<br>
Unit costs (SME owners and Natural persons)<br><br>
<strong><u>Day 2</u></strong><br>
<strong>Direct costs</strong><br>
Subcontracting and Implementing contracts<br>
Financial support to Third Parties<br>
Travel and subsistence allowances<br>
Other direct costs<br>
-Equipment<br>
-Administrative costs<br>
-Non-recoverable VAT<br><br>
<strong>Indirect costs</strong><br>
General rules<br>
Flat rate<br>
Ineligible costs – identify and avoid errors from claiming them<br>
How to treat Income from H2020 project?<br>
EC Audits and conditions for final payment<br>
Examples and questions
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<p style="margin: 0px 0px 0.14in; padding: 0px; text-align: left; text-size-adjust: 100%;"><font face="Arial, Helvetica, sans-serif">Our upcoming scheduled course dates are as follows: </font></p>
<p style="margin: 0px 0px 0.14in; padding: 0px; text-align: left; text-size-adjust: 100%;"><font face="Arial, Helvetica, sans-serif">> 16-17 September 2021 Online - <font size="1"><strong>FULLY BOOKED</strong></font></font></p>
<p style="margin: 0px 0px 0.14in; padding: 0px; text-align: left; text-size-adjust: 100%;"><font face="Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif">> <a href="https://www.europeanacademy.com/23-24-sep-2021online/?utm_source=2021-mailer&utm_medium=email&utm_campaign=Q3-announcement">23-24 September 2021 Online</a> - <font size="1"><strong>LIMITED SEATS</strong></font></font></font></p>
<p style="margin: 0px 0px 0.14in; padding: 0px; text-align: left; text-size-adjust: 100%;"><font face="Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif">> <a href="https://www.europeanacademy.com/14-15-oct-2021online/?utm_source=2021-mailer&utm_medium=email&utm_campaign=Q3-announcement">14-15 October 2021 Online </a></font></font></p>
<p style="margin: 0px 0px 0.14in; padding: 0px; text-align: left; text-size-adjust: 100%;"><font face="Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif">> <a href="https://www.europeanacademy.com/28-29-oct-2021-online/?utm_source=2021-mailer&utm_medium=email&utm_campaign=Q3-announcement">28-29 October 2021 Online </a></font></font></p>
<p style="margin: 0px 0px 0.14in; padding: 0px; text-align: left; text-size-adjust: 100%;"><font face="Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif">>
<a href="https://www.europeanacademy.com/11-12-nov-2021-online/?utm_source=2021-mailer&utm_medium=email&utm_campaign=Q3-announcement">11-12 November 2021 Online</a></font></font></p><font face="Arial, Helvetica, sans-serif">
<p style="margin: 0px 0px 0.14in; padding: 0px; text-align: left; text-size-adjust: 100%;"><font face="Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif">>
<a href="https://www.europeanacademy.com/2-3-dec-2021-online/?utm_source=2021-mailer&utm_medium=email&utm_campaign=Q3-announcement">2-3 December 2021 Online</a></font></font></p><font face="Arial, Helvetica, sans-serif">
<p style="margin: 0px 0px 0.14in; padding: 0px; text-align: left; text-size-adjust: 100%;"><font face="Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif">>
<a href="https://www.europeanacademy.com/13-14-jan-2022-online/?utm_source=2021-mailer&utm_medium=email&utm_campaign=Q3-announcement">13-14 January 2022 Online</a></font></font></p><font face="Arial, Helvetica, sans-serif">
<p style="margin: 0px 0px 0.14in; padding: 0px; text-align: left; text-size-adjust: 100%;"><font face="Arial, Helvetica, sans-serif">As all our courses have currently limited
availability, should you wish to participate to any of these sessions, or any
other of our <a href="https://www.europeanacademy.com/upcoming_courses/?utm_source=2021-mailer&utm_medium=email&utm_campaign=Q3-announcement">Upcoming
Courses</a>, reserve your seat at your earliest convenience or come back to me
and I will be more than happy to prepare your enrolment.<span style="mso-spacerun: yes;"> </span></font></p>
<p style="margin: 0px 0px 0.14in; padding: 0px; text-align: left; text-size-adjust: 100%;"><span style="mso-spacerun: yes;"><font face="Arial, Helvetica, sans-serif">For any
further information or details, please feel free to contact
me.</font></span></p><font face="Times New Roman"><font face="Calibri">
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<p><font face="Calibri"><font face="Arial, Helvetica, sans-serif">Best
regards,</font> </font></p>
<p><font face="Calibri"><font face="Arial, Helvetica, sans-serif">Camille
</font></font></p>
<p><font face="Arial">---</font></p>
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</span>camille.herbert@europeanacademy.com</span> <span><a href="http://www.europeanacademy.com/?utm_source=2021-mailer&utm_medium=email&utm_campaign=Q3-announcement" target="_blank"><span style="color: rgb(36, 60, 132); font-family: Times New Roman, serif;">www.europeanacademy.com</span></a></span>
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