Annual Accounts   

Objectives   

By the end of this training programme, 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 audience 

Accountants, corporate officers, beginners

Duration 

3 hours 

Language

English

---

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