On April 4-5, 2023, European Academy conducted an in-person training course on Financial Administration & Auditing Preparation for EU Funded Projects for Erasmus Medisch Centrum (Erasmus MC) in Rotterdam. This specialized course, led by European Academy experts, provided Erasmus MC’s team with practical knowledge and tools for effective financial administration and audit readiness tailored to the requirements of EU-funded projects.
The training agenda covered a comprehensive range of topics essential for managing EU project finances:
- EU Budget Implementation and Horizon Europe: Insights into EU budget structure, implementation methods, and significant changes from Horizon 2020 to Horizon Europe, including cost calculation methods.
- Sound Financial Management: Guidance on risk mitigation, internal controls, grant administration from pre-signature to project completion, and essential practices for maintaining financial records, reporting, and managing budget amendments.
- Eligibility and Reporting Compliance: Detailed exploration of direct and indirect costs, personnel costs, and unit costs, including practical cases to support accurate budgeting and reporting practices.
- Audit and Compliance Preparation: Best practices for preparing financial reports, addressing compliance reviews, and managing audits effectively to ensure transparency and adherence to EU standards.
Through interactive sessions and real-world scenarios, Erasmus MC staff gained invaluable skills in financial reporting, managing audits, and ensuring EU compliance, setting the foundation for strong financial stewardship of EU grants.
Equip your team for EU project financial success! Explore our upcoming training sessions or contact us for tailored in-house programs to meet your organization’s needs.
