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On 23 September 2023, the law of 21 April 1928 on non-profit associations and foundations was repealed and replaced by the brand-new law of 7 August 2023.

With the adoption of IFRS 3 Business Combinations in 2004, the International Accounting Standards Board (IASB) abolished the amortization of goodwill

The International Accounting Standards Board (IASB) has recently published its proposed amendments to IFRS 17 Insurance Contracts

The Luxembourg accounting laws do not require an SLP to prepare and publish annual accounts. However, an SLP that qualifies as Alternative Investment Fund ("AIF")...

The accounting reform continues: the law of July 30th 2013 (the "New Law") reorganises the Commission for Accounting Standards (Commission des Normes Comptables - CNC) and modifies certain statutory provisions on annual accounts and consolidated accounts.

Reserved, technical, conservative… is generally what comes to mind when picturing the writer of an accounting standard.

This report is the first ever edition of the Luxembourg Treasury Survey. Its analyses and conclusions are based on data gathered via online surveys that were sent to companies that have treasury activities in Luxembourg.

On 28 June 2023, the Luxembourg Parliament adopted the Law on non-profit organisations and foundations ("Law") aimed to simplify and modernise the existing legal framework from 1928 on non-profit organisations and foundations.

When the IASB published IFRS 16 Leases, I doubt they imagined the huge debate that would ensue over something as seemingly simple as a company car.

On 19 December 2024, the Luxembourg Parliament adopted bill of law 8396 and its amendments incorporating the OECD's Pillar 2 Administrative Guidance issued in February...

As you may have noticed, IFRS accounting is often not straightforward. Preparers frequently lose time digging ...

Tangible assets are typically a significant part of the balance sheet, so reclassifying them is often delicate work—made all the more so by the huge financial statement errors that doing it wrongly can cause.

In its October 2017 statement on enforcement priorities, the ESMA drew attention to the potentially significant impacts that IFRS 15 may have on timing and revenue recognition.

International Accounting Standard (IAS) 32 Financial Instruments: Presentation defines rules for when a financial instrument is to be classified as equity or liability.

In fact, there isn't just one big deal, but several little deals, and this is exactly why this standard is so complex. With each page you turn and brochure you read, another exception, complexity...

The bill n°6054 on non-profit associations (« NPA ») and foundations has been adopted by the Luxembourg Parliament on 28 June 2023 (the « Law »).

In June 2018, the International Financial Standards Board (IASB) published its discussion paper on financial instruments with characteristics of equity (FICE).