The main principle of the final financial report is that the Partner will use its internal financial reporting format
to provide the required information. This should ease the preparation of the report, as well as the preparation for any type of ex-post audit or verification, as the documentation and internal references will be the same.
In section 11 of the Single Form
, the left column (Eligible cost of Action) should therefore reflect the main chapters of the Partners financial reporting structure, as these lines will become the chapters of the final financial report. It is advisable to have around 10 headings.
The Final financial report shall be submitted in EUR and may be drawn from the financial statements of the Humanitarian Organisation or, as the case may be, its Implementing Partners.
If these financial statements use other currencies on the basis of applicable legislation and applicable accounting standards, expenditure will be reported using the exchange rate in EUR on the day at which the European Community’s first pre-financing payment was recorded in the Humanitarian Organisation’s accounts or any other rate agreed between the Parties in Article 8 of the Special Conditions. (see Exchange Rate issues
for further information)
References and useful links