Podcast
Questions and Answers
What is the purpose of Fisheries Local Action Groups (FLAGs)?
What is the purpose of Fisheries Local Action Groups (FLAGs)?
- To develop local development strategies for fisheries-related stakeholders. (correct)
- To provide fishing licenses to local fishermen.
- To regulate fishing quotas in local waters.
- To promote international trade in fish products.
Which of the following is NOT one of the inseparable values of the New European Bauhaus initiative?
Which of the following is NOT one of the inseparable values of the New European Bauhaus initiative?
- Inclusion
- Profitability (correct)
- Aesthetics
- Sustainability
How does the New European Bauhaus initiative aim to influence society?
How does the New European Bauhaus initiative aim to influence society?
- By enforcing mandatory regulations across EU member states.
- By solely focusing on urban development.
- By promoting individualistic artistic expressions.
- By fostering collaboration among citizens, experts, and businesses. (correct)
What kind of support is available for local initiatives in fishing communities?
What kind of support is available for local initiatives in fishing communities?
What aspect of sustainability does the New European Bauhaus initiative prioritize?
What aspect of sustainability does the New European Bauhaus initiative prioritize?
Which of the following is a key focus area for FLAGs when developing local strategies?
Which of the following is a key focus area for FLAGs when developing local strategies?
What types of projects can EU funding support under the New European Bauhaus initiative?
What types of projects can EU funding support under the New European Bauhaus initiative?
What role do staff play in the context of local development strategies for fishing communities?
What role do staff play in the context of local development strategies for fishing communities?
What is one of the primary functions of the EUI in supporting urban authorities?
What is one of the primary functions of the EUI in supporting urban authorities?
What does the TAIEX-REGIO Peer2Peer tool primarily focus on?
What does the TAIEX-REGIO Peer2Peer tool primarily focus on?
Which investment forms can be used under JESSICA for sustainable urban development?
Which investment forms can be used under JESSICA for sustainable urban development?
What is the minimum investment programme amount that ELENA typically supports?
What is the minimum investment programme amount that ELENA typically supports?
How does ELENA encourage project attractiveness for contractors?
How does ELENA encourage project attractiveness for contractors?
What overall purpose does the European Local Energy Assistance (ELENA) serve?
What overall purpose does the European Local Energy Assistance (ELENA) serve?
Which entity collaborates with the European Commission on JESSICA?
Which entity collaborates with the European Commission on JESSICA?
What key aspect does the EUI enhance for cities in urban planning?
What key aspect does the EUI enhance for cities in urban planning?
What is one primary objective of the European Pillar of Social Rights?
What is one primary objective of the European Pillar of Social Rights?
Which of the following groups is specifically mentioned as a target for socioeconomic inclusion initiatives?
Which of the following groups is specifically mentioned as a target for socioeconomic inclusion initiatives?
What percentage of funding must all regions and Member States allocate to urban development under the ERDF?
What percentage of funding must all regions and Member States allocate to urban development under the ERDF?
Which of the following areas does the ERDF focus on as part of thematic concentration?
Which of the following areas does the ERDF focus on as part of thematic concentration?
How does the European Pillar of Social Rights aim to improve health care access?
How does the European Pillar of Social Rights aim to improve health care access?
What role does civil society play in local development according to the content?
What role does civil society play in local development according to the content?
Which of the following does NOT reflect the goals of sustainable development as mentioned?
Which of the following does NOT reflect the goals of sustainable development as mentioned?
What is a key focus of the investments made under the ERDF?
What is a key focus of the investments made under the ERDF?
According to Certified Institute of Management Accountants (CIMA), a budget is a "______ expression of a plan for a defined period of time".
According to Certified Institute of Management Accountants (CIMA), a budget is a "______ expression of a plan for a defined period of time".
What are the three main components of a budget?
What are the three main components of a budget?
Which type of budget helps a business determine when they will have enough income to cover expenses and when they might need to seek outside financing?
Which type of budget helps a business determine when they will have enough income to cover expenses and when they might need to seek outside financing?
What are some examples of fixed costs?
What are some examples of fixed costs?
What are some examples of variable costs?
What are some examples of variable costs?
The ______ is the detail of cash received and cash expended for each month of the year.
The ______ is the detail of cash received and cash expended for each month of the year.
The profit and loss statement is the only financial statement needed to effectively manage a business.
The profit and loss statement is the only financial statement needed to effectively manage a business.
A reactive manager analyzes financial statements on a regular basis to plan for potential problems or opportunities.
A reactive manager analyzes financial statements on a regular basis to plan for potential problems or opportunities.
Financial reports are an important component of financial controls.
Financial reports are an important component of financial controls.
What is the accounting equation?
What is the accounting equation?
What financial statement shows the financial position of a business at a specific point in time?
What financial statement shows the financial position of a business at a specific point in time?
What financial statement demonstrates the relationship between income and expenses for a specified period?
What financial statement demonstrates the relationship between income and expenses for a specified period?
What financial statement details the cash received and cash expended for each month of the year?
What financial statement details the cash received and cash expended for each month of the year?
What are the three major financial reports used for financial management?
What are the three major financial reports used for financial management?
What are proactive financial controls used for?
What are proactive financial controls used for?
Businesses that are managed proactively are more likely to be successful than those that are reactively managed.
Businesses that are managed proactively are more likely to be successful than those that are reactively managed.
What can internal auditors do to help minimize risk in the financial control area?
What can internal auditors do to help minimize risk in the financial control area?
What are the three components of the Fraud Triangle?
What are the three components of the Fraud Triangle?
What is the role of internal auditors in identifying and addressing financial control risks?
What is the role of internal auditors in identifying and addressing financial control risks?
What are some examples of areas where internal auditors should focus their risk assessments?
What are some examples of areas where internal auditors should focus their risk assessments?
What is the purpose of a remediation plan?
What is the purpose of a remediation plan?
Remediation efforts in financial controls are a one-time process.
Remediation efforts in financial controls are a one-time process.
It is important for businesses to implement strong financial controls because they help promote a reliable and accurate financial reporting system, protect the business, and generate higher profits for the business.
It is important for businesses to implement strong financial controls because they help promote a reliable and accurate financial reporting system, protect the business, and generate higher profits for the business.
What are the three major financial reports used for financial management discussed in the text?
What are the three major financial reports used for financial management discussed in the text?
What is a balance sheet?
What is a balance sheet?
What is the profit and loss statement?
What is the profit and loss statement?
What is the cash flow statement?
What is the cash flow statement?
Financial reports highlight the progress and current condition of the business.
Financial reports highlight the progress and current condition of the business.
What is the difference between proactive and reactive financial management?
What is the difference between proactive and reactive financial management?
Pro forma financial statements represent actual financial data.
Pro forma financial statements represent actual financial data.
It is always advisable to use the maximum amount of free software available to reduce costs and improve efficiency.
It is always advisable to use the maximum amount of free software available to reduce costs and improve efficiency.
What is the purpose of the European Innovation Partnership for agricultural productivity and sustainability (EIP-Agri)?
What is the purpose of the European Innovation Partnership for agricultural productivity and sustainability (EIP-Agri)?
The European Network for Rural Development (ENRD) focuses on disseminating best practices and knowledge for improved rural development.
The European Network for Rural Development (ENRD) focuses on disseminating best practices and knowledge for improved rural development.
The European Regional Development Fund (ERDF) and the Cohesion Fund support projects focused on achieving a greener, low-carbon transition towards a net-zero carbon economy.
The European Regional Development Fund (ERDF) and the Cohesion Fund support projects focused on achieving a greener, low-carbon transition towards a net-zero carbon economy.
EU4Health is the largest EU health programme to date.
EU4Health is the largest EU health programme to date.
What is the primary objective of the Just Transition Mechanism?
What is the primary objective of the Just Transition Mechanism?
What are the key elements of the Just Transition Mechanism?
What are the key elements of the Just Transition Mechanism?
What is the objective of the Modernization Fund?
What is the objective of the Modernization Fund?
The European Investment Bank (EIB supports investments focused on traditional fossil fuel energy projects.
The European Investment Bank (EIB supports investments focused on traditional fossil fuel energy projects.
What is the objective of the Innovation Fund?
What is the objective of the Innovation Fund?
What is the primary focus of the European Energy Efficiency Fund (EEEF)?
What is the primary focus of the European Energy Efficiency Fund (EEEF)?
What is the role of the Recovery and Resilience Facility (RRF)?
What is the role of the Recovery and Resilience Facility (RRF)?
What is the primary objective of REPowerEU?
What is the primary objective of REPowerEU?
The EU Digital COVID Certificate has been a success in providing citizens with a universally accepted and trusted tool.
The EU Digital COVID Certificate has been a success in providing citizens with a universally accepted and trusted tool.
The EU has fully achieved its goal of ensuring a sustainable and resilient blue economy.
The EU has fully achieved its goal of ensuring a sustainable and resilient blue economy.
What is the objective of the European Maritime, Fisheries, and Aquaculture Fund (EMFAF)?
What is the objective of the European Maritime, Fisheries, and Aquaculture Fund (EMFAF)?
What is the primary focus of the Creative Europe Programme?
What is the primary focus of the Creative Europe Programme?
What is the main goal of the Erasmus Plus Programme?
What is the main goal of the Erasmus Plus Programme?
What is the objective of the European Solidarity Corps?
What is the objective of the European Solidarity Corps?
What is the purpose of the Internal Security Fund (ISF)?
What is the purpose of the Internal Security Fund (ISF)?
What is the objective of the European Defence Fund (EDF)?
What is the objective of the European Defence Fund (EDF)?
What is the main purpose of the EU Civil Protection Mechanism and rescEU?
What is the main purpose of the EU Civil Protection Mechanism and rescEU?
What is the objective of the Solidarity and Emergency Aid Reserve (SEAR)?
What is the objective of the Solidarity and Emergency Aid Reserve (SEAR)?
What is the primary focus of the Connecting Europe Facility (CEF)?
What is the primary focus of the Connecting Europe Facility (CEF)?
What is the objective of the Citizens, Equality, Rights, and Values (CERV) programme?
What is the objective of the Citizens, Equality, Rights, and Values (CERV) programme?
What is the objective of the Justice programme?
What is the objective of the Justice programme?
What is the objective of the EU Anti-Fraud Programme?
What is the objective of the EU Anti-Fraud Programme?
What is the primary function of the Pericles IV programme?
What is the primary function of the Pericles IV programme?
The LIFE programme is dedicated to protecting and promoting the environment and climate action.
The LIFE programme is dedicated to protecting and promoting the environment and climate action.
What are the four sub-programmes of the LIFE Programme?
What are the four sub-programmes of the LIFE Programme?
What is the primary objective of the Euratom 2021-2025 research and training programme?
What is the primary objective of the Euratom 2021-2025 research and training programme?
What is the main objective of the Research Fund for Coal and Steel (RFCS)?
What is the main objective of the Research Fund for Coal and Steel (RFCS)?
What is the purpose of the European Space Programme?
What is the purpose of the European Space Programme?
The European Space Programme only focuses on research and does not provide concrete services to citizens.
The European Space Programme only focuses on research and does not provide concrete services to citizens.
What is the name of the European Earth Observation (EO) system?
What is the name of the European Earth Observation (EO) system?
What is the primary function of the European Geostationary Navigation Overlay Service (EGNOS)?
What is the primary function of the European Geostationary Navigation Overlay Service (EGNOS)?
What is the main goal of the European Union’s space-based secure connectivity system?
What is the main goal of the European Union’s space-based secure connectivity system?
The European Union is one of the world’s leading donors of humanitarian aid.
The European Union is one of the world’s leading donors of humanitarian aid.
What are some types of organisations that receive funding from the EU’s humanitarian aid budget?
What are some types of organisations that receive funding from the EU’s humanitarian aid budget?
What are the main areas of the Neighbourhood, Development, and International Cooperation Instrument (NDICI – Global Europe)?
What are the main areas of the Neighbourhood, Development, and International Cooperation Instrument (NDICI – Global Europe)?
The NDICI – Global Europe is primarily focused on providing grants.
The NDICI – Global Europe is primarily focused on providing grants.
What is the purpose of the European Instrument for International Nuclear Safety Cooperation (INSC)?
What is the purpose of the European Instrument for International Nuclear Safety Cooperation (INSC)?
The European Instrument for International Nuclear Safety Cooperation (INSC) primarily focuses on the development of nuclear technology and does not involve collaboration with other countries.
The European Instrument for International Nuclear Safety Cooperation (INSC) primarily focuses on the development of nuclear technology and does not involve collaboration with other countries.
What key area does the European Union heavily invest in to address climate change?
What key area does the European Union heavily invest in to address climate change?
The EU has a single, overarching fund dedicated to supporting climate change mitigation and adaptation.
The EU has a single, overarching fund dedicated to supporting climate change mitigation and adaptation.
Besides grants, what other forms of financial assistance does the EU use to support climate change mitigation and adaptation?
Besides grants, what other forms of financial assistance does the EU use to support climate change mitigation and adaptation?
The European Regional Development Fund (ERDF) and the Cohesion Fund support projects related to achieving a greener, low-carbon transition towards a net-zero carbon economy.
The European Regional Development Fund (ERDF) and the Cohesion Fund support projects related to achieving a greener, low-carbon transition towards a net-zero carbon economy.
The Just Transition Mechanism is a new initiative that exclusively provides grants, without utilizing any other financial resources, to support coal-intensive regions in their transition to a greener economy.
The Just Transition Mechanism is a new initiative that exclusively provides grants, without utilizing any other financial resources, to support coal-intensive regions in their transition to a greener economy.
What are the three pillars of the Just Transition Mechanism?
What are the three pillars of the Just Transition Mechanism?
What is the primary objective of the EU’s pre-accession assistance program for candidate countries?
What is the primary objective of the EU’s pre-accession assistance program for candidate countries?
What are some of the key areas of support provided under the EU’s pre-accession assistance program?
What are some of the key areas of support provided under the EU’s pre-accession assistance program?
The EU’s pre-accession assistance program is primarily managed through direct management by the European Commission.
The EU’s pre-accession assistance program is primarily managed through direct management by the European Commission.
What is the goal of the European Instrument for International Nuclear Safety Cooperation (INSC)?
What is the goal of the European Instrument for International Nuclear Safety Cooperation (INSC)?
How does the INSC achieve its objectives?
How does the INSC achieve its objectives?
The EU is the world’s largest donor of development assistance.
The EU is the world’s largest donor of development assistance.
The NDICI – Global Europe is a new instrument that combines various former EU external financing instruments to support development and humanitarian aid.
The NDICI – Global Europe is a new instrument that combines various former EU external financing instruments to support development and humanitarian aid.
What are the three key areas of the NDICI – Global Europe?
What are the three key areas of the NDICI – Global Europe?
The EU provides funding exclusively through grants to support projects and organizations aligned with development goals.
The EU provides funding exclusively through grants to support projects and organizations aligned with development goals.
What are some of the various ways that the EU provides funding to support development and humanitarian aid?
What are some of the various ways that the EU provides funding to support development and humanitarian aid?
The EU’s response to the coronavirus pandemic has been solely focused on providing financial aid to its member states.
The EU’s response to the coronavirus pandemic has been solely focused on providing financial aid to its member states.
Besides financial support, what other initiatives has the EU undertaken in response to the COVID-19 pandemic?
Besides financial support, what other initiatives has the EU undertaken in response to the COVID-19 pandemic?
What is the primary goal of the EU's response to the coronavirus crisis?
What is the primary goal of the EU's response to the coronavirus crisis?
The EU created a recovery package worth €2.018 trillion to assist its member states in addressing the COVID-19 crisis.
The EU created a recovery package worth €2.018 trillion to assist its member states in addressing the COVID-19 crisis.
The EU’s Temporary Protection Directive allows Ukrainian citizens who have fled their country due to the war to receive temporary protection in any EU country, granting access to housing, employment, and social services.
The EU’s Temporary Protection Directive allows Ukrainian citizens who have fled their country due to the war to receive temporary protection in any EU country, granting access to housing, employment, and social services.
The EU has imposed sanctions and other measures on Ukraine to help its citizens.
The EU has imposed sanctions and other measures on Ukraine to help its citizens.
The EU has provided a significant amount of humanitarian aid and in-kind assistance to Ukraine since the beginning of the war.
The EU has provided a significant amount of humanitarian aid and in-kind assistance to Ukraine since the beginning of the war.
What is the purpose of the EU’s ‘Ukraine reconstruction platform’?
What is the purpose of the EU’s ‘Ukraine reconstruction platform’?
The EU has suspended import duties and anti-dumping measures on all Ukrainian exports to the EU for one year.
The EU has suspended import duties and anti-dumping measures on all Ukrainian exports to the EU for one year.
Flashcards
Fisheries Local Action Groups (FLAGs)
Fisheries Local Action Groups (FLAGs)
Groups that include fisheries stakeholders and community members to develop local development strategies for fishing and aquaculture areas.
LAG/FLAG Development Strategies
LAG/FLAG Development Strategies
Locally focused plans created by community members, prioritizing economic, social, and environmental issues, and outlining how to address them.
EU funding for FLAGs
EU funding for FLAGs
Financial support available to help fund local initiatives concerning fisheries and aquaculture.
New European Bauhaus
New European Bauhaus
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Sustainability (Bauhaus)
Sustainability (Bauhaus)
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Aesthetics (Bauhaus)
Aesthetics (Bauhaus)
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Inclusion (Bauhaus)
Inclusion (Bauhaus)
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EU funding opportunities (Bauhaus)
EU funding opportunities (Bauhaus)
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EUI Assistance Levels
EUI Assistance Levels
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TAIEX-REGIO Peer2Peer
TAIEX-REGIO Peer2Peer
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JESSICA
JESSICA
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ELENA Focus
ELENA Focus
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ERDF
ERDF
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Cohesion Fund
Cohesion Fund
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Sustainable Urban Development
Sustainable Urban Development
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EU Funding
EU Funding
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Social Pillar of European Rights
Social Pillar of European Rights
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Social Infrastructure Development
Social Infrastructure Development
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Social Economy Promotion
Social Economy Promotion
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Integrated Actions
Integrated Actions
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Socioeconomic Inclusion
Socioeconomic Inclusion
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Resilient Health Systems
Resilient Health Systems
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Thriving Territories
Thriving Territories
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Urban Development Partnerships
Urban Development Partnerships
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Budget
Budget
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Purpose of Budgeting
Purpose of Budgeting
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Sales Budget
Sales Budget
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Production Budget
Production Budget
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Capital Budget
Capital Budget
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Cash Flow Budget
Cash Flow Budget
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Marketing Budget
Marketing Budget
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Project Budget
Project Budget
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Financial Control
Financial Control
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Importance of Financial Control
Importance of Financial Control
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Fraud Triangle
Fraud Triangle
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Strengthening Financial Control
Strengthening Financial Control
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Balance Sheet
Balance Sheet
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Profit and Loss Statement
Profit and Loss Statement
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Cash Flow Statement
Cash Flow Statement
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Proactive Financial Management
Proactive Financial Management
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Reactive Financial Management
Reactive Financial Management
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Current Assets
Current Assets
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Fixed Assets
Fixed Assets
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Intangible Assets
Intangible Assets
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Current Liabilities
Current Liabilities
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Long-Term Debt
Long-Term Debt
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Owner's Equity
Owner's Equity
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Cost of Goods Sold
Cost of Goods Sold
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Gross Profit
Gross Profit
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Operating Expenses
Operating Expenses
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Net Income
Net Income
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Cash Flow
Cash Flow
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Industry Standards
Industry Standards
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Cost Cutting
Cost Cutting
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Periodic Business Review
Periodic Business Review
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De-Featuring
De-Featuring
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Study Notes
European Parliamentary Research Service (EPRS) Guide to EU Funding 2023 Edition
- This guide provides information on EU funding opportunities
- It is intended for members, staff of the European Parliament.
- The guide is sectioned by topics to assist with finding relevant funding.
- There is a QR code and hyperlinks to access a PDF version of the guide.
- There is a disclaimer that the content is not official policy.
Contents and Programmes
- The guide lists different EU funding programmes and gives descriptions.
- It includes acronyms and their definitions.
- Each section lists details and links to relevant funding information.
- Examples of content include regional policy, EU-funded projects, and specific programmes.
EU Regional Policy
- European Union cohesion policy supports job creation, and sustainable development.
- This is delivered through the following EU Funds: ERDF, CF, ESF+, and REACT-EU.
- The ERDF invests in social and economic development of all EU regions and cities.
- The CF focuses on environment and transport in less developed countries.
- The ESF+ supports jobs and creates a fair and socially inclusive society.
- The Just Transition Fund supports regions most affected by the transition to climate neutrality and the Recovery Assistance for Cohesion and the Territories of Europe (REACT-EU).
Cohesion Fund (CF)
- The Cohesion Fund aims to reduce economic and social disparities
- It supports sustainable development by providing assistance to Member States with a lower gross national income per capita than the EU average
- The fund provides support for sustainable development and energy-related investments that offer environmental benefits.
- The fund also supports projects in the areas of transport and interconnecting networks, notably priority projects of EU interest, as identified by the EU.
European Social Fund Plus (ESF+)
- ESF+ is the main EU instrument for investing in people
- Its aim is to build a more social and inclusive EU
- It helps with employment, skills and education policies
- The ESF+ was merged with other EU programmes into ESF+ for the 2021-2027 period.
Just Transition Fund (JTF)
- JTF is the first pillar of the Just Transition Mechanism
- It helps regions most affected by the transition to climate neutrality
- It provides support for measures like investment in SMEs, job creation, research, innovation and training.
Other EU funding programmes
- The guide includes details on additional EU funding and programmes that support projects not covered by other areas.
- Examples of programmes for specific areas like fisheries, energy, agriculture, tourism and others are given, and how those programmes can be used in conjunction with other funds.
EU Funding for Urban Areas
- The Urban Agenda for the EU
- A series of partnerships covering areas like air quality, circular economy, climate adaptation, culture, digital transition, energy, housing, the inclusion of migrants and refugees, and innovative procurement.
European Territorial Cooperation (Interreg)
- Interreg promotes cooperation to assist in the economic and social development of regions in EU and across external borders.
- It facilitates cooperation between countries for macro-regional strategies.
- This programme has different strands for cross-border and interregional cooperation.
Other Funding Programmes
- The guide also details other specific EU funding programmes
- Including the European Innovation Council and other key funding initiatives.
- Such as LIFE, Horizon Europe, and the Euratom research and training programmes.
Recovery and Resilience Facility
- The RRF provides funds for investments to promote reforms and investments
- Its is a temporary recovery instrument to mitigate COVID-19.
Other Instruments
- Several other supporting funds and tools are detailed
- Including the Technical Support Instrument (TSI), InvestEU and the Progress Microfinance Facility.
EU Globalisation Adjustment Fund (EGF)
- The EGF supports workers or the self-employed made redundant
- It provides support to help people find new jobs by improving skills, in Europe through training, education and/or placement.
Asylum, Migration and Integration Fund (AMIF)
- AMIF aims to boost national capacities and improve procedures
- supporting the legal migration to EU countries, including the integration of third-country nationals.
Internal Security Fund (ISF)
- The ISF aims to maintain high levels of security in the EU.
- It supports improvements to security information systems, and helps combatting terrorism, radicalisation, crime and cybercrime.
European Defence Fund (EDF)
- EDF promotes cooperation in defence research and development, fostering innovation.
Civil Protection Mechanism and rescEU
- rescEU is the EU's upgraded civil protection mechanism
- It helps Member States respond to disasters.
Protection from Natural Disasters
- The EU supports its Member States in the face of crises, specifically natural disasters.
- The EU provides additional resources to help countries cope and to reduce damage.
Other Funding Initiatives
- Other initiatives including the common agricultural policy (CAP), the European Pillar of Social Rights and initiatives related to youth employments are covered in the guide.
Photo Credits
- The photographs used are cited in this section.
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Test your knowledge on the New European Bauhaus initiative and Fisheries Local Action Groups (FLAGs) with this quiz. Explore key aspects of sustainability, local development strategies, and available support in fishing communities. Perfect for those interested in urban development and environmental initiatives.