The course will be held at the Danubius Health Spa Resort Helia**** and will begin at 8.30 in the morning on 24 April conclude approximately at 17.30. Information concerning the venue and accommodation options will be sent upon registration. Draft Agenda: Financial 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. Understanding the financial reportsPragmatic 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.