tailieunhanh - “This financial informaTion kiT helps you avoid financial piTfalls in managing your projecT”

Demonstrated Financial Need. Demonstrated financial need is the difference between the cost of attendance and the expected family contribution. (Financial Need = COA – EFC) Dependency Status. Students may be considered dependent or independent. Dependent students must provide financial information for their parents on the FAFSA. Independent students must provide financial information for their spouse, if any, on the FAFSA, but do not provide parental information. Independent students include students who are over age 24 as of December 31 of the award year, married students, graduate students, orphans, veterans, active duty members of the Armed Forces and students with dependents. | Education Audiovisual and Culture Executive Agency - Introduction This financial information kit helps you avoid financial pitfalls in managing your project This Financial Information Kit is intended for grant beneficiaries under the different funding programmes managed by the Education Audiovisual and Culture Executive Agency EACEA . The purpose of the Financial Information Kit is to provide practical and easy to read financial guidance to help beneficiaries avoid making mistakes that could result in a reduced grant contribution due to ineligible or unsubstantiated expenditure. It focuses on errors frequently identified during audits of projects. This guidance does not replace any legal document on legal and or contractual rights and obligations. For more information on legal and contractual rights and obligations the beneficiaries should refer to the Grant Agreement or Decision the Call for proposals or programme guides handbooks. The Financial Information Kit guidance comprises eight fact sheets. Each fact sheet deals with a specific error summarises the minimum contractual conditions and explains what can go wrong. They include tips on avoiding pitfalls in grant management. The fact sheets cover Accounting Cash and bank management Documentation filing and record keeping Modifications to the grant agreement No profit Payroll and time management Travel subsistence Control and audit visits All eight fact sheets are applicable for budget based projects action and operating grants . Four of the fact sheets cash and bank management control audit visits documentation filing and record keeping and modifications to the grant agreement are applicable for projects based solely on flat rates and lump sums. The Agency is interested in receiving feedback from the people who use the financial information kit. Your feedback will help the Agency to refine the documents to the benefit of all. Feedback can be sent to the Agency via the mailbox EACEA-R2-AUDIT@. .