General Accounting - Fundamentals

Inter-company training

Who is the training for?

This course is designed to help people without an accounting background to easily learn and understand accounting concepts.

Duration

37,00 hours(s)

Language(s) of service

EN

Next session

16.04.2026
See details
Location
Luxembourg

Price

895,00€

Goals

Upon successful completion of this course, the participant should be able to:

  • Understand fundamental accounting concepts and their importance for Luxembourg entities.
  • Master the mechanics of double-entry bookkeeping, classification of accounts, and be familiar with the Standard Chart of Accounts (SCA).
  • Overview in VAT principles, LuxGAAP standards, and closing procedures.
  • Prepare and understand the components of annual accounts, including the balance sheet, profit & loss statement, and notes to accounts.
  • Comply with Luxembourg's legal obligations, including filing requirements and preparation of management and audit reports.
  • Consolidate knowledge through practical exercises.

Contents


Day 1: Introduction to Accounting

  • Overview of accounting importance and basics
  • Double-entry bookkeeping principles
  • Balance sheet and profit & loss classification

Day 2: Accounting Mechanisms

  • Detailed explanation of the components of the balance sheet and profit & loss statement.
  • Exploration of journals, general ledgers, and trial balances.
  • Coherence between Chart of Account with Balance-sheet and P&L presentation.
  • Become familiar with Standard Chart of Accounts (SCA)

Day 3: Key Accounting Concepts and Applications

  • VAT concepts and their practical application.
  • Debtors, creditors, and provisions
  • The concept of accrued and deferred items Day 4: Advanced Accounting – Part 1
  • LuxGAAP policies and compliance.
  • Foreign exchange rules under LuxGAAP.
  • Fixed assets valuation and depreciation methods Day 5: Advanced Accounting – Part 2
  • The adjustments and closing entries
  • Identification and correction of accounting errors

Day 6: Financial information

  • Components of annual accounts (balance sheet, P&L, notes)
  • Legal obligations for filing and management reports
  • Audit process
  • Penalties for non-compliance

Day 7: Consolidation and Practice

  • Review and integration of all topics covered
  • Hands-on exercises for practical reinforcement

Certificate, diploma

At the end of the training, the participants will receive a certificate of participation delivered by the House of Training.

Next session

Datum
City
Language and price
16.04.2026

04.06.2026
Luxembourg
EN 895,00€
See details
22.10.2026

10.12.2026
Luxembourg
EN 895,00€
See details

Organization contact details

House of Training

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