During the last years, either with on-the-spot visits or with desk reviews, the European Commission has increased the audits of H2020 beneficiaries, significantly. Unfortunately the EC identifies mistakes and errors and takes recovery and other actions in more than 60% of these audits. These fully preventable errors occur because a great number of beneficiaries are unaware of their record keeping obligations and the potential consequences of incorrect financial management.

For this reason we have designed this course to provide participants with a thorough understanding of the financial aspects of the european funded projects, starting from the very basics and leading to the most advanced issues. The two days training offers a solid understanding of the terminology, obligations, methods and procedures and will equip participants with all essential skills and knowledge required for the financial management of EC funded projects.

The course is structured on a practical and hands-on approach and includes step-by-step guidance along with tips and hints and it is designed to improve the know-how necessary to accurately prepare financial reports and be in a position to successfully deal with on-the-spot audits.

Counter to many learn by doing courses, this complete two days training has been developed by experienced H2020 Coordinators and former external Auditors of the EC, and is delivered by qualified Auditors who have been for years probing beneficiaries of various european grands and instruments. The training material contains case studies crafted on typical and less common observed mistakes of hundreds of audited beneficiaries and includes lecture style-delivery and discussions structured to provide answers in real issues that participants face. 


Strictly limited seats per course ensure a much more focused learning experience and a customised programme.




From understanding the Financial aspects of H2020 to delivering model Financial Reporting and successfully dealing with on-the-spot audits
Date: 25-26 June
Location: Brussels
Language: English
Date: 1-2 October
Location: Munich
Language: English
Date: 3-4 December
Location: Brussels
Language: English


Day 1 - Framework and Financial aspects of H2020


Day 2 - Record keeping and Financial Reporting 



Participants of the two days training will learn:

  • The contractual requirements for EU funded projects

  • Documentation and record keeping requirements  

  • How to do document project finance

  • How to correctly distinguish and record economic and non-economic activities

  • How to identify eligible and non-eligible costs

  • The differences between direct and indirect costs

  • How to implementation audit recommendations

  • Differences between external and EC audits

  • How to prepare for financial audits

  • How to respond to pre-audit questions from the EC

  • How to act during on-the-spot checks

  • How to avoid disputes 



Course’s Benefits & Outcomes:

  • Become familiar with the current EU rules

  • Prepare accurate documentation

  • Avoid compromising your project

  • Avoid financial corrections and repayments due to incorrect financial recording

  • Improve the success rate of your project proposals

  • Increase absorption of your funds through simplifying application and reporting processes

  • Find out how to utilise the financial and auditing control tools

  • Find out how to avoid second audits

  • Increase your organisation’s competitiveness

  • Benefit from practical workshops and exercises

  • Learn from best practice examples of our experienced speakers

  • Benefit from key insights

  • Receive tangible and actionable advice on your individual questions

  • Network and exchange experience with peers and possible partners from across EU



National Contact Points for H2020
Project Managers
Projects Administrators
Account Managers
Co-ordinators and Controllers
Development Managers
Directors of Research
Financial Specialists
Grants Financial Accountants
Heads of Finance
Directors of Financial Services
Chief Financial Officers & Chief Internal Auditors
Internal Auditors
External Auditors working for the Public Administration
Consultants advising Beneficiaries
Policy Advisors


European Agencies
Executive Agencies
Certifying Authorities
Competition Authorities
National and Regional Audit Authorities
National and Regional Courts of Auditors and Inspectorates
Coordinating Bodies
National and Regional Public Authorities
Regional and Local Governments
Development Agencies
Subordinate Bodies
Public and Private Beneficiaries of EU Funds
Research & Technology Centres
Public and Private Research Institutes
Spin-off Companies
Clusters and Innovation Centres
Private Companies of all Sectors
Associations, Foundations, Non for Profit and NGOs
Advisory and Auditing Companies serving EU Beneficiaries



  • Complete 2 days course: Financial Administration & Auditing Preparation for E.C. Funded Projects : €1390 exl. VAT


  • Admission to the course

  • Course’s Handbook

  • Hard copies of training material 

  • Certificate on the “Impact of E.C. Funded Research” training completion

  • Certificate of attendance

  • Accreditation to Professionals Directory

  • Complimentary coffee & snack breaks

  • Complimentary networking lunch breaks