La formation sera présentée par Philippe Longerstaey, maître de conférences honoraire à la Solvay Brussels School of Economics and Management, CPA (New York), CFA et CAIA
La formation traitera de certaines difficultés rencontrées dans l’application de la norme IFRS 1 sur la première application des normes IFRS, en particulier, les regroupements d’entreprises et le traitement du goodwill, la consolidation et la méthode de mise en équivalence, les écarts de conversion et l’évaluation des instruments financiers.
The course will be presented by Caroline Nicoletti, Executive Director IFRS & Luxgaap desks; Amedeo Pedini, Partner Audit; and Umair Ali Memon, Senior Manager IFRS desk.
The course will be given in English.
The session is about case studies related to the application of the Lux GAAP and IFRS main accounting principles of consolidation requirements.
By attending this course, the participant will:
- Understand the consolidation requirements: consolidation, exemption and scope exclusion under Lux GAAP and IFRS;
- Have a refresh about main accounting principles of consolidation under Lux GAAP and IFRS;
- (case studies) Under IFRS and Lux GAAP, you will:
- Work on specific situations and difficulties to assess the control;
- Work on:
- analyze, via concrete examples, the consequences of an acquisition performed by steps ("step-acquisition");
- a situation to consolidate companies using different currencies;
- a full and complete example of a first consolidation;
- Have a case study in relation with the estimation of the non-controlling interest during a first consolidation.
The training will be an interactive sessions and an open discussion on the above mentioned cases.
The course will be presented by Caroline Nicoletti, Executive Director IFRS & Luxgaap desks; Amedeo Pedini, Partner Audit; and Umair Ali Memon, Senior Manager IFRS desk.
The course will be given in English.
The session is about case studies related to the application of the Lux GAAP and IFRS main accounting principles of consolidation requirements.
By attending this course, the participant will:
- Understand the consolidation requirements: consolidation, exemption and scope exclusion under Lux GAAP and IFRS;
- Have a refresh about main accounting principles of consolidation under Lux GAAP and IFRS;
- (case studies) Under IFRS and Lux GAAP, you will:
- Work on specific situations and difficulties to assess the control;
- Work on:
- analyze, via concrete examples, the consequences of an acquisition performed by steps ("step-acquisition");
- a situation to consolidate companies using different currencies;
- a full and complete example of a first consolidation;
- Have a case study in relation with the estimation of the non-controlling interest during a first consolidation.
The training will be an interactive sessions and an open discussion on the above mentioned cases.
The course will be presented by Petar Dionissiev, Partner Audit and Ismail Y Alaoui, Manager Audit
The course will be given in English.
The session is about methodologies, requirements and best practices to perform to audit consolidated financial statements under Lux GAAP and IFRS. After attending this course, participant will be able to:
- Understand the main significant audit risk in relation with consolidated financial statements;
- Understand the main difficulties the auditors could face, including non-matching of the closing dates, limited access to the component auditors and different accounting methods among the group;
- Understand the relationship between the group auditors and the component auditors;
- Identify the component entities to select for the audit of the information included in the consolidated financial statements;
- Understand the requirements in relation with the materiality calculation;
- Understand the nature of work to be performed to address the risk identified at the consolidated level;
- Be aware of the communication requirements and Long Form expectations.
The training is mainly about the normative and legal aspects: it will be also the opportunity to have open discussions between professionals.
La formation sera présentée par Iyad El Hachem, Counsel – Investment Management et Florent Denys, Counsel - Investment Mangament, Arendt & Medernach
Les objectifs sont de fournir aux participants une connaissance du cadre légal et réglementaire applicable aux ELTIF (fonds européens d’investissement à long terme) et de leur donner l'opportunité de poser leurs questions à nos experts.
Points principaux :
- Introduction
- Qu'est-ce qu'un ELTIF et quel est le cadre réglementaire d'un ELTIF ? (y compris les différences potentielles entre les pays de l'UE)
- Paysage (y compris les tendances, les faits et les chiffres sur ce qui existe, qui sont les pairs qui l'ont lancé, quelle est la taille de ces fonds ? Quel type d'investissement ?)
- Points de discussion sur les actifs
- Traitement fiscal des fonds alternatifs dans les pays de l'UE (y compris l'article 26 du modèle de convention fiscale de l'OCDE sur le revenu et la fortune)
- Aspects organisationnels pour le gestionnaire de fonds alternatifs
- Obligations du dépositaire
- Règles de commercialisation et modèles de distribution et obligations (y compris les règles d'enregistrement, la documentation à produire, les questions liées à la MiFID (EMT, TPT), le marché cible)
- Procédure de modification et modifications envisagées (y compris le calendrier et la proposition de règlement ELTIF 2.0)
- Questions et réponses
The course will be presented by Mukhrit Goyal and Nishta Thuposy, Senior Managers, Department of Professional Practice
The course will be given in English.
The session is an introductory session to help beginners to gain relevant and appropriate knowledge to enable them to follow the deep-dive session on merger accounting under IFRS and Lux GAAP.
This session will cover the following:
- Basic concepts in M&A transactions: consideration paid, earn-out clauses, guarantees, exchange ratio, goodwill / badwill, etc.
- Main differences between Lux GAAP and IFRS for M&A accounting
requirements. - Illustrative examples and case of a parent merging with its subsidiary under Lux GAAP and IFRS.
La formation sera présentée par Adina Mihalache, Senior Associate, Corporate Law, Mergers & Acquisitions practice, Arendt & Medernach & Yvan Stempnierwsky, Tax Law, Arendt & Medernach
Public visé : praticiens confirmés / débutants, stagiaires réviseurs d’entreprises et leurs collaborateurs.
La formation vise à mettre en avant les cas dans lesquels le droit des sociétés luxembourgeois fait appel aux réviseurs. Les experts donnent un aperçu sur les exigences légales en ce qui concerne l’implication des réviseurs dans la vie des sociétés.
L’objectif de la formation est également d’avoir un échange interactif d’expériences entre réviseurs et avocats.
Contenu :
- Aperçu des exigences légales concernant l’implication des réviseurs
- L’analyse des cas de figures pertinents et accent sur les enjeux pratiques
- Echange et Q&A
The course will be presented by Nvard Rostomyan, Senior Manager – Audit & Assurance, and Feriel Fekih, Manager – Accounting and Reporting Advisory Services, Deloitte
The course will be given in English.
The session is about the key differences between IFRS and Lux GAAP applicable to investment funds. This does not attempt to capture all the differences that exist, but the focus will be on variations that are commonly found in practice in investment funds such as:
Financial statements presentation and disclosures differences;
Selected accounting differences that impact the financial performance of investment funds (e.g. financial instruments, carried interests, classification of units/shares issued, interest income, investment properties, inventories, high-level consolidation / combination requirements, etc.);
Case studies to illustrate the impacts from transitioning from Lux GAAP to IFRS.
A presentation of the most recent normative updates is included in the sessions.
