On 30 June 2021, the CSSF updated its FAQ on the Luxembourg law of 12 July 2013 on alternative investment fund managers ("AIFM Law") to state that Section 14, L2 of the ...

On 30 June 2021, the CSSF updated its FAQ on the Luxembourg law of 12 July 2013 on alternative investment fund managers (the "AIFM Law") to state that Section 14...

The Luxembourg Accounting Standards Board, Commision des Normes Comptables, issued a general notice regarding the accounting term of floating financial year.

On 7 May 2020, the Luxembourg Parliament passed the draft law n°7540 which relates to the extension of certain deadlines relating to accounting obligations of entities of the financial...

The Luxembourg Accounting Standards Board (Commission des Normes Comptables - CNC) issued Q&A CNC 25/036 today, which replaces Opinion CNC 09/002.

With new major standards (IFRSs 9, 15, and 16) coming thick and fast, it might be easy to forget about other, newly effective requirements—notably IAS 7 Statement of Cash Flows.

On 29 November 2023, the CSSF published an update to the FAQ concerning CSSF Circular 22/811 on UCI Administrators ("UCIA Circular") by adding questions 3.3, 4 and 5.

Tuning up the communication of financial reporting is the main project of the International Accounting Standards Board (IASB) at the moment.

The International Accounting Standards Board (IASB) has recently updated its definition of "material" as it appears in IAS 1 and IAS 8

The measurement of fair value, along with any related disclosures, is an important area of focus for accountants, regulators, investors, and shareholders.

Yup, you guessed what it is: discount rate.

As I'm sure everyone is well aware, IFRS 16 is now effective for annual periods beginning on or after 1 January 2019.

In order to allow financial market participants to fully explore and take advantage of the opportunities offered by the distributed ledger technology (DLT), which at the same time tackles...

My last article treated the topic of customer profitability—but this is just one dimension of profitability.

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.

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")...

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.

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...