EU SIMPLIFIED FINANCIAL RULES EXPECTED TO MAKE LIFE EASIER FOR ACCOUNTANTS
February 1st, 2013 A POLITICAL struggle is underway over how universities and research centres should account for their expenses in the upcoming European Union (EU) Horizon 2020 research programme. With a projected Euro EUR80 billion budget from 2014-2020, the sums available are significant. But there is discord over how it should be accounted for.On the one side is the European Commission, which in the name of simplification, wants to use flat rate grants that give universities the freedom to spend research grants as they see fit, as long as the promised outcome is achieved. And ...
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