Financial Management of FP7 projects is complex and associated with a lot of in-dept-knowledge of rules and regulations. Detailed records must be kept, reporting requirements, financial audits, complex eligibility criteria and strict deadlines have to be met. Otherwise there is a great financial risk of freezing grants or complete reimbursement.This interactive European workshop will participants enable to successfully comply with financial requirements of FP7 projects. It is divided in plenary, presentation and workshop sessions. Participants will work in small group tasks with step-by-step exercises and special training units for financial management.Some Agenda Topics:Legal Framework for Financial Management FP7Eligibility Criteria for FP7 (Direct & Indirect Costs)Financial Planning & Financial SpreadsheetHow to estimate and assess risks correctlyFinancial Reporting and Audit of FP7 projectsMost common and typical pitfalls – Experiences from FP6 to FP7