Economical third-party funded projects and separate accounting

Types of economic third-party funded projects
- Contract research
- Application of reliable findings/scientific services (e.g. measurements, analyses)
- Sponsoring/active advertising services
- Further education events/conferences

Basic principles of separate accounting
- Purpose of separate accounting, legal basis
- Requirements of separate accounting (pre- and post-calculation, separation of economic and non-economic funds)

Implementation of third-party funded projects
- Planning, pre-calculation, handling order forms and general terms and conditions
- VAT liability and VAT exemptions
- Special features of managing third-party funded projects (e.g. project-related income and expenses, input tax deduction)
- Post-calculation and annual financial statements
- Determination of taxable profit, income taxes (e.g. corporation tax and trade tax)