This course gives you the full picture of financial issues of FP7 projects explaining all topics related to financial management and reporting based on the experience we gained since the launch of FP7.Do you know how to...     * Prepare the financial reports according to the new rules and regulations?    * Avoid financial mismanagement?    * Check and control partners' financial reports?    * Calculate your average personnel costs, SME owner flat rate or actual overhead?Our trainers have prepared and submitted more than 30 financial reports in FP7 – and you will benefit from every bit of it!You will learn all of the practicalities on how to put together your financial report and how to manage your budget in order to get the most out of your FP7 project.The training concept builds on a learning by doing approach with a mix of lectures and practical workshops in smaller groups.The course has an outlook towards Horizon 2020 – highlighting the expected changes in the financial rules and comparing the approaches!