Annual Accounts

Objectives

By the end of the training session, the participants will be able to:

• Understand the whole process and legal requirements around annual accounts
from preparation to filing on both accounting and corporate aspects
• Acquire good knowledge on the key accounting rules in respect to annual
accounts
• Understand the role and responsibilities of the managers/directors and shareholders
around annual accounts obligations
• Understand the “size” criteria and the impact on reporting obligations
• Understand the audit requirements for entities preparing annual accounts
• Acquire basic knowledge on acquisition of shares and interim dividend distribution

Content

I. Introduction
II. Annual accounts disclosures
  A. General principles on applicable accounting frameworks
  B. Lux GAAP
    a. Balance sheet
    b. Profit and loss accounts
    c. Notes to the annual accounts
  C. IFRS
    a. General principles
    b. Main differences between Lux GAAP & IFRS

III. Board duties in relation to annual accounts
  A. General duties
    a. Legal obligations and deadlines
    b. Consequences of non compliance
    c. Determination of the accounting policy
    d. Valuation of the assets
  B. Consolidation requirements
  C. Audit requirements
  D. Reduction of the net assets
  E. Approval process
    a. Board meeting
    b. Other requirements
    c. AGM and formalities

IV. Acquisition of own shares
V. Interim dividend distribution
VI. Questions & Answers
VII. Quiz

Speakers

Our speakers come from all over our specialised and complementary teams, covering all legal, regulatory, taxation and advisory aspects of doing business in Luxembourg. We invite you to check our training agenda where the speakers are listed on each training session.

Target Group

Accountants, corporate officers, beginners

Duration

3 hours

Language

English

For more information please contact us by e-mail at institute@arendt.com