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FP7 Financial Info and FAQs

The aim and purpose of the Financial-Helpdesk is to raise awareness of the framework program financial issues, and not to give legally binding advice. It is intended to provide any relevant information which may be of assistance to anyone with financial queries or concerns. It is was initiated by the Finance-NMS-IST project and is currently operated by EFPC. We endeavour to deliver a high level service for this purpose. Notwithstanding this, no guarantee can be given on the correctness or completeness of the information provided and neither the European Commission nor the project partners, nor EFPC are responsible or may be held accountable for any loss suffered as a result of reliance upon the services of the Finance-Helpdesk. Any information given does not necessarily reflect the official position of the European Commission. In this regard, it should be noted that the information provided is considered to be of a first line assistance and users should contact the competent authorities, organisations, or private firms for more detailed information or for advice on any course of action.
Differences between FP6 and FP7
FP7 Participation, Subcontractors, Third Parties
Risk-sharing Finance Facility, Guarantee Mechanism
Funding Regimes, Lump Sums, Flat Rates
Funding Rates, Activities
Personnel Costs, Average Personnel costs, Employment issues, Students
Receipts
Eligible & Ineligible costs
Overheads, Possible Methods, Direct Costs Vs Indirect Costs
Financial Planning, Financial Spreadsheet
Bookkeeping, Accounting Records, Timesheets, Cost Recording
Payments
Financial Reporting, Timing and approval of financial reports
FP7 Certificates
EU Audits / Liquidated Damages
Consortium Agreement financial Issues
The Role of the Coordinator


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