Draft Agenda:        DAY 1Financial Rules of FP7The new financial rules for FP7 project management including cost models, EC payments, Financial Guarantee Fund, Certificates on Financial Statements, Certificate on Methodology, and Certificate on Average Personnel Costs.Eligible Direct costs and indirect costs in FP7Calculation of Personnel costs,Travel costs,Equipment,Other costs,and Overhead based on practical examples.Special cases of third party,in-house consultant,SME owners.Workshop :reportingParticipants prepare a financial report for FP7,based on "dummy" invoices.DAY2 Understanding the financial reports Pragmatic approaches in reporting; Point-by-point assessment of the prepared financial reports, format, content, overall principles, possible bottlenecks. EC Audits and experiencesThe Proposers' Perspective: Pragmatic approaches in reporting, final reporting, Experiences with EC Audits:how to prepare, format, content, overall principles, possible bottlenecks.