Provide workable solutions derived from the local accounting practice (including the "plan comptable normalisé" or PCN) or from other GAAP (insofar as the latter can be adapted to the Luxembourg GAAP). It includes exercices and illustrative materials.

• Analysis of selected balance-sheet items:
  • rights in immovable property (the "droits réels immobiliers");
  • finance lease;
  • specific value adjustments on shares;
  • specific value adjustments on other securities;
  • optional use of fair-value of non-financial assets;
  • optional use of fair-value of financial assets;
  • provision for pension;
  • specific value adjustments on financial liabilities.
• Analysis of selected profit and loss account items:
  • specific issues with revenue recognition;
  • financial income and expenses;
  • foreign currencies' translation versus similar transactions;
  • deferred taxes.