Bookkeeping for holding companies in Luxembourg

Holding companies make up an important place in the Luxembourg economy. They often use complex financial instruments and are involved in operations for which the accounting treatment often requires a deep analysis. The diversity of options foreseen by the accounting law allows for flexibility for companies, but also raises numerous questions.

Mastering these options and the accounting law is a major challenge for accounting professionals, especially considering the various legislative changes recently brought into force which add a further layer of complexity to the rules previously laid out.

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

• identify the regulatory provisions applicable to holding companies;
• define the practical implications of the various options offered by the law;
• identify and record financial instruments;
• identify the financial information requirements;
• understand the latest developments impacting holding companies.

• The regulatory framework
  • Common legal forms for holdings
  • Accounting framework
  • Consolidation requirements
  • Central Bank of Luxembourg reporting
• The accounting treatment of financial instruments
  • Financial assets
  • Financial liabilities and equity
  • Specific instruments
• The accounting treatment of certain specific transactions
  • Accounting in foreign currencies
  • Re-invoicing
  • Contractual conditions
  • Price adjustments and earn out clauses
• The financial information requirements
  • Notes to the accounts
  • Abridged notes to the accounts
  • Disclosure of capital related rights
  • Disclosure of off balance sheet commitments
  • Disclosure of related party transactions

An attendance certificate will be sent to participants.

This training is coordinated by Alexandre Leleux, Partner, and Damien Brunet, Director at PwC Luxembourg.

The training will be presented by experts in the accounting field.

Alexandre is a partner of our ECF practice, active in the accounting and tax compliance of international tax structures, operational companies, real estate and private equity sector. He has over 18 years of experience in audit and accounting.

His primary area of expertise is the preparation of financial statement under Lux GAAP, the conversion from GAAP to GAAP and the preparation of various reporting (CSSF, BCL,...) to ensure the accounting compliance of operational companies, management companies and international and private equity structures.

He is also the head of the Lux GAAP technical team of PwC Luxembourg advising multinational clients on the accounting queries from tax, audit and advisory departments of PwC Luxembourg and other PwC offices.

He is also member of the editorial board of ACE, an accounting, tax and audit professional magazine in Luxembourg.

Damien is a director in the accounting and tax compliance practice of PwC Luxembourg and the coordinator of the Luxembourg technical accounting group where he deals on a day-to-day basis with complex Lux GAAP transactions. He is also responsible of the e-accounts solution, a PwC’s online tool for the preparation and filing of annual accounts. He is CCA (Certified Chartered Accountant) in Luxembourg and chartered accountant in France. He is also the president of the training’s commission at the OEC.