Séminaire S-FC0015 - Advanced Lux GAAP: Mastering the fundamentals

Public cible

All professionals looking for a training that provides a working knowledge on accounting and F/S under Lux GAAP.

Objectives

Give a comprehensive review of Lux GAAP, based on a detailed analysis of its local sources. The purpose is to deal more efficiently with principle-based set of accounting rules where a detailed guidance is not easily accessible (legal commentaries being in French only) and its lacking for certain items.

Content

  • The real meaning of "Lux GAAP".
  • The legal framework, i.e. accessing and understanding:
    • the commercial law ("Code de Commerce");
    • the company law;
    • the current amended version of the applicable laws and grand-ducal regulations on the annual accounts and on the consolidated annual accounts;
    • the regulations on the Standard Chart of Accounts ("Plan comptable normalisé") and on the electronic filing of the annual accounts.
  • Comprehensive study of the classic Lux GAAP (with illustrative examples):
    • the balance sheet and its components;
    • the profit and loss account and its components;
    • the other statements (legal options).
  • The alternative use of the IFRS or of the "Lux GAAP at fair value"(legal options). 
  • The use of other GAAP in Luxembourg (legal departure).
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    Notes

    A course session is available in French (with the same course material in English).

    Sessions

    21.02.2023
    MA
    Cours en présentiel
    Luxembourg
    440 €