Master of Finance Series
3 parts of the Master of Finance Series in one package
The Master of Finance Series offers complete knowledge on the financial issues of Research and Innovation projects.
The Series consists of 3 parts, delivered in 3 days, online. On each day, the course starts at 14.00 CET and the duration is 120 minutes each.
Day1 (9 February 2021): Essentials of the Financial Rules in H2020 and Horizon Europe
The course starts by introducing the essentials of the financial rules of H2020 and Horizon Europe: planning, calculating, reporting, reviewing. Provides a sound understanding of the financial rules of the Horizon 2020 Annotated Model Grant Agreement.
- Budgeting and planning: Why it is the most crucial part?
- What is a cost reimbursement? What is lump sum financing?
- Actual costs and unit costs? Which one should I choose?
- What makes any cost eligible? How to make them eligible?
- Linking a cost to the project? What makes them direct costs?
- Can I report indirect costs? If not, why not?
Day2 (10 February 2021): Personnel Cost calculation in H2020 and Horizon Europe
The second part of the Series goes into details on the Personnel Cost calculation in H2020 and Horizon Europe, by discussing the following topics:
- Who and when can be charged to the project?
- Actual or unit-based personnel costs calculation – so what?
- Identifying eligible salary costs
- Calculation routes – monthly or yearly?
- Daily rate calculation in HEU?
- Productive hours – should I accept 1720?
- Freelancers and temporary employees
- Secondment – what is the added value?
- What makes a timesheet bulletproof?
- Project-based remuneration schemes in HEU?
Day3 (11 February 2021): Third-parties, Subcontrators and other direct costs in H2020 and Horizon Europe
Helps you to understand the difference between third-parties and subcontractors, introducing the concept of the Linked Third Parties, and explains one-by-one the other direct cost reporting protocols.
- Third party articles – why, there are more than one?
- Resource needed or service outsourced?
- Subcontractors or Linked third parties?
- Which one should be foreseen? Which one would your office prefer?
- Travel costs – for employees and for other – is there a difference?
- Equipment and other assets – how to calculate your facility costs efficiently?
- Other goods and services – what’s in here?
- How about internal cost transfers and charges? Are they eligible?
- How will internal invoicing be accepted in HEU?
- Funding rates, receipts, CFS rules and payments – learn them all!
- Guarantee Fund in H2020 and Mutual Insurance Mechanism in HEU
Who we are
Europa Media is Europe's leading provider of practice-driven training courses on developing and managing projects under the EU's research and innovation programmes since FP5. Over the past 20 years, our team has been directly involved in writing successful proposals and coordinating and managing projects. Under Horizon 2020, we have been involved in over 20 projects as coordinators and partners. Our training courses are designed based on this direct experience we have from our own proposals and projects. They are therefore quite hands-on with real-life examples and stories. This practical approach has attracted over 10,000 participants to our training courses from all over the world in the past 15 years.
Kitley has managed and coordinated research and innovation projects under the Framework Programmes since FP5.
He has also developed and implemented projects under the Intelligent Energy Europe and LIFE programmes. He is an expert
on the financial issues of EU funded projects. He supported numerous organisations participating in FP7 and Horizon 2020
projects in preparing their financial reports and in setting up and improving their administrative and financial systems
to ensure an effective management of their projects. The system he has developed for administering EU projects
successfully survived six EC audits in the past. He is sharing his up-to-date project development and management
experience collected in the past 17 years at Europa Media’s training courses.
Gábor’s experience in EU research and innovation projects cover the topics of energy efficiency in buildings, renewable energy, regional development, water management, decision-support systems, sustainable tourism, geothermal heating and training and capacity building. He graduated from Eötvös Loránd University, Budapest, as a geologist with a second master degree in Environmental Law.