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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">
<p style="margin: 0px 0px 0.14in; padding: 0px; text-align: left; text-size-adjust: 100%;"></p>
<p style="margin: 0px 0px 0.14in; padding: 0px; text-align: left; text-size-adjust: 100%;"><font face="Arial, Helvetica, sans-serif"><br></font></p>
<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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    <td valign="top" style="width: 300px; vertical-align: top;"><strong></strong><strong>       
                </strong><strong>      </strong><strong>     </strong><strong>   
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          <td style="color: rgb(60, 60, 59); padding-bottom: 5px; font-family: Times New Roman, serif; font-size: 10pt;"><span style="color: rgb(60, 60, 59); font-family: Times New Roman, serif;"><font face="Arial">Camille Herbert</font></span></td></tr>
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          <td style="color: rgb(60, 60, 59); padding-bottom: 5px; font-family: Arial,sans-serif; font-size: 10pt;"><span style="color: rgb(60, 60, 59); font-family: Times New Roman, serif;"><strong>Training 
                                    Communication</strong></span></td></tr>
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                                      </strong>+32 800 822 40</span></td></tr>
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          <td style="color: rgb(60, 60, 59); padding-bottom: 1px; font-family: Times New Roman, serif; font-size: 9pt;"><span style="color: rgb(60, 60, 59); font-family: Times New Roman, serif;"><span style="font-weight: bold;">E:                           
            </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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                                    Rond Point Schuman, 1040, Brussels, 
            Belgium</span>                </td></tr>
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