Unique Horizon 2020 Practical Training

Three day unique practical training is dedicated to the in-depth understanding of fundamentals of financial management of Horizon 2020 projects. Each day is divided into theoretical and practical part with many opportunities for the participants to ask specific questions related to their businesses and clarifications of the outstanding issues.
The training is led by experienced former auditors of European Institutions.

“Financial Management of Horizon 2020 Projects: Theoretical and Practical Approach”
EU Environment and Personnel Costs

The first day of the course provides the background information about the EU environment, its structure and the way it works. The participants are provided by a solid understanding of the terminology, methods and EU procedures. After the DAY 1, the participants understand the differences of EU grants, funds and tenders, they are provided with the useful information on the personnel costs and overall financial management issues. DAY 1 is divided into theoretical and practical part ended by case studies.

09:00 Start of the event

09:00 – 09:30 Introduction and short tour de table by participants
09:30 – 10:00 Understanding the background of EU environment
• EU Structure – How does it work?
10:00 – 10:30 Grants & EU funds: Background information, funding areas, conditions & eligibility criteria
• EU Structural Funds, Grants & Tenders
• Introduction to H2020 Program

10:30 – 11:00 Coffee Break

11:00 – 12:30 Eligible and Non-eligible expenditures

12:30 – 13:30 Lunch Break

13:30 – 15:00 Personnel costs calculation
• Actual and unit-based calculations
• Productive hours
• Hourly Rate
• Time Recording Systems

15:00 – 15:30 Coffee Break

15:30 – 17:00 CASE STUDIES, Q & A: Personnel Costs

17:00 End of the Training DAY 1



Cost Declaration & Direct Costs

On the second day you will learn about specific legal aspects of H2020 legislative framework that could significantly impact project implementation. In the afternoon, we will examine the remaining part of cost categories and will fine tune its understanding through application of the theoretical knowledge into several practical cases from the field.

09:00 Start of the Event

09:00 – 10:00 Coordinator’s Rights & Obligations
10:00 – 11:00 H2020 Legal Aspects
• Legal Aspects
• Administrative Management

10:30 – 11:00 Coffee Break

11:00 – 12:30 Direct Costs
• Travel costs
• Consumables
• Subcontracting /purchase of services
• Third Parties

12:30 – 13:30 Lunch Break

13:30 – 15:00 Indirect Costs, Durable equipment and other costs
• Interest
• Exchange Rate

15:00 – 15:30 Coffee Break

15:30 – 17:00 CASE STUDIES, Q & A: Direct Costs

17:00 End of the Training DAY 2



The Audit Procedure

The third day goes deeply into audit management. Financial audits – how do they happen? The participants are provided with the in-depth understanding of the audit procedure and non-common aspects of the audit process. The 3rd day training provides answers how to be more prepared for an EU audit, how to eliminate unexpected situations during an audit. Experiences with EC Audits: how to prepare – format, content, overall principles, possible bottlenecks, which information and how should or should not be included.  The training includes practical tips and an overview of examples from real life.

09:00 Start of the event

09:00 – 10:30 The DG RTG Audit Unit
• Organization of the DG RTG
• The Error Rate
• Internal Influences

10:30 – 11:00 Coffee Break

11:00 – 12:30 Audit Procedure, Findings & Contestation
• Nature of Audits
• The Audit Workflow
• Consequences of Adjustments
• Contestation & Challenging the Audit Findings

12:30 – 13:30 Lunch Break

13:30 – 15:00 The Audit Procedure
• Most Common Errors
• Audit Report Review

15:00 – 15:30 Coffee Break

15:30 – 16:00 DISCUSSIONS, Questions & Answers

16:00 End of the Training DAY 3

16:00 – 17:00 Extra time for additional questions


Download Agenda from the following link.

You may choose to follow the full 3-day course (recommended) but you may also opt to follow only 1 or 2 days of the training.



Contact us for more information about the Training Course:

Margit Loikmaa

Marketing Assistant

(+372) 604 1400