The course will be held at the Hotel Novotel Budapest Danube**** and will begin at 8.00 in the morning and conclude approximately 16.00 on 5 May 2011. 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, direct costs and indirect costs, EC payments, Financial Guarantee Fund, Certificates on Financial Statements, Certificate on Methodology, and Certificate on Average Personnel Costs.Real-time exercise on financial reportingWorkshop with pragmatic approaches in reporting based on dummy invoices and time records generated for each participant: point-by-point assessment of the different situations, what should be included and what should not.Technical and financial reportingPreparing the periodic and final reports (FORM Cs, FORCE/SESAM system, format and content aspects, overall principles, possible bottlenecks).Financial AuditsFirst-hand experiences with project closure and EC Audits: How to prepare (format, content) and how to survive (overall principles) an audit?