Introduction to Luxembourg GAAP

Objectives

At the end of this training, the participants will have an overview of Luxembourg Generally Accepted Accounting principles applicable to entities not ruled by specific sectoral provisions as well as of the related accepted valuation methods. The participants will also have an overview of the main difference between Lux GAAP and IFRS.

Part I – Introduction to Lux GAAP

• General principles under Lux GAAP
• Know the elements of the annual accounts
• What are the different valuation methods allowed under Lux GAAP
• In depth understanding of the valuation rules on assets and liabilities

Part II – IFRS vs Lux GAAP

• What is IFRS as an organization
• Comparison between IFRS and Lux GAAP
  • Valuation methods on assets and liabilities
  • Contents of the Financial Statements / Annual Accounts

Speakers

Our speakers belong to both our specialised and complementary teams and as such cover 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

Employees and executives, legal officers, corporate lawyers … etc. wishing to get familiar with Luxembourg Accounting Law.

Duration

4 hours

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