How are you trying to do this?
Use Make Movie Templates Manager or the Custom option to create the flash template.
Custom-Options Button - General tab- User Define Frame Size to 1280 x 720
Frame rate to match your original video file.
Compression Tab - Data rate max 1000kbps
Disable Non - Square Pixel Rendering
Share Create Video File-Custom-or your flash template
Choose the Options button then uncheck Non - Square Pixel Rendering.
If you are using Titles in your project view the Flash file to make sure they are still in position.
If they move, pre render your project to a single video file, then convert to Flash.
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