The first principles description of strongly correlated materials (typically materials containing partially filled d- or f-shells, but also e.g. low-dimensional organic systems) is currently one of the great challenges in condensed matter physics. Different approaches to tackle the problem beyond density-functional theory (DFT) within the local-density or generalized gradient approximation (LDA/GGA) are being pursued in the different subfields of the electronic structure community. We envisage that a symposium dedicated to the first principles treatment of correlations, covering approaches from Hedin's GW approximation, "LDA+U", or hybrid functionals up to random-phase approximation (RPA) and dynamical mean field (DMFT) techniques will provide the synergy to shape the future development in this important field.We plan to have several well-known international experts as well as young, bright researchers who have already significantly contributed to the field. We expect this symposium to attract a diverse audience: those involved in formalism development and/or software implementation, as well as theoreticians and experimentalists working in physics, chemistry and material science.