- Category Virtual Classroom
- Duration 16h
- Language English
- Date Contact Us
Virtual Classroom
Financial Management of EU Grants
Learn the essentials of EU grant financial management under the PRAG rules, from budgeting to final audit
Course Description
This 3-day interactive course is designed to enhance your skills in the financial management of EU grants. Focused on EU-funded projects under DG INTPA, DG NEAR, and EU Delegations, you will learn to navigate the PRAG rules for budgeting, procurement planning, expenditure monitoring, and compliance. Gain the expertise to manage budgets, conduct financial reporting, and prepare for expenditure verifications and other possible audits, ensuring full compliance with EU financial regulations. Learn how to manage financial challenges in the entire EU grant life cycle, from budget creation to expenditure verification, closure of the Action and audit preparation.
Learning objectives
By the end of the course you will be able to:
- Prepare realistic and compliant EU project budgets
- Develop and use tools to monitor and track project expenditure
- Create a procurement plan and adhere to EU procurement rules
- Prepare interim and final financial reports for EU grants
- Request payments and manage project funds effectively
- Deal with currency conversion rules
- Be ready for expenditure verifications and audits.
By subscribing to this course, you will have access to a dedicated page on the PuntoSud learning platform. From here, you can join the live sessions, download the course materials and complete all the assignments.
The curse is structured in 3 days of 4 hours of interactive online sessions combined with self-learning. Total time commitment over the period of the course is approximately 16 hours:
- Preliminary tasks – 1 hour – you will be asked to introduce yourself, complete the survey on training expectations and go through some preliminary training materials.
- Live sessions – 12 – 3 sessions of 4 hours each - the session will be facilitated by PuntoSud experts and includes lectures, plenary and group discussions, group work, quizzes and online interactive exercises. The live sessions will be recorded and made available in the learning platform.
- Additional learning material – 2 hours – for the duration of the course, you will have at your disposal additional readings and documents, exercises and interactive eLearning modules that you can follow at your own pace.
- Forum discussion – you can ask questions and share relevant information with the trainers and the other participants.
- Final tasks – 30 mins – complete the exit test and fill out the evaluation form.
This course is designed for:
- Financial managers and other key staff involved in administrative and financial management, project accounting and financial reporting of EU-funded actions under PRAG rules.
- Professionals and consultants who are interested in becoming more familiar with financial management of grants under PRAG rules.
- NOT appropriate for pillar-assessed organizations’ staff acting under the Contribution Agreement.
Basic knowledge of EU project cycle management and main implementation rules is suitable for this course.
You will need access to a computer or tablet with a microphone and speakers or a headset, and an Internet connection. The course will be held over Zoom – no additional software is required.
All the material will be available 7 calendar days before the starting date and until 30 calendar days after the end of the last training session.
Once you have completed all the training material and passed the exit test, your certificate of attendance for each specific course will be available to download from the learning platform. The certificates are always available in your profile page with historical data of all PuntoSud Academy courses you’ve attended.
For any queries please have a look at our FAQs. If you don’t find what you’re looking for or need additional information, please get in touch with our customer care service.
DAY 1
- The PRAG and applicable rules for grants
- Two ways to get funding: direct award and calls for proposals
- Eligibility principles
- Budget template
- Cost justification
- Direct and indirect costs
- Ineligible costs
- Project office costs
- Other special costs: financial support for third parties, VAT
- Co-financing and volunteers’ work
- Simplified cost options
- Main actors of the grant contract
- The special conditions and the annexes
DAY 2
- Implementing contracts vs subcontracting
- Main rules form Annex IV: EU restrictive measures, rules of nationality and origin
- Procurement planning and execution
- Develop a monitoring system to keep expenditure under control
- Ensure the eligibility of expenditure
- Record-keeping: supporting documents that must be kept to ensure eligibility of costs
- General rules on changes
- Two types of modifications: unilateral modification and addendum
- Suspension procedure
DAY 3
- Main reporting rules
- Deadlines for submission of reports
- Brief overview of the interim and final financial report formats
- Payment procedures
- Currency conversion rules
- Annexes to the interim and final reports
- Different objectives of expenditure verification, financial and system audits
- Expenditure verification: a step-by-step look at the process
- Tips to be prepared for expenditure verification
- ToR for system audits
Download the Agenda
Sara Castagneto
Training Manager - TrainerSimona Pogliani
Puntosud Academy - Head Of DepartmentWe're sorry, but the selected date for the course is currently unavailable. However, we may offer it again in the future. If you're interested, please click on the button and leave your email address. We'll notify you if and as soon as a new date becomes available.
Certificate Program
Save your money and buy this course in the Certificate Program
Skill Level
Intermediate - Advanced