Introduction
A significant number of non-regulated Private Equity / Hedge Funds structures have been incorporated in Luxembourg during the last couple of years, and the trend remains positive.
At the same time, the complexity of their operations has increased, generating new situations with significant technical difficulties for the accountants and financial professionals.
This dedicated accounting module is designed to provide Luxembourg accounting professionals with a comprehensive overview of the most critical accounting issues under Luxembourg GAAP identified in the Private Equity and Hedge Funds industry.
Theory, real life examples and practical exercises are combined during the training.
Objectives
At the end of the course, participants will be able to:
Understand the accounting law applicable to unregulated Private Equity / Hedge Funds structures.
Identify and address the key risk areas when accounting for those operations
Have a better understanding of main specific instruments used in the Private Equity / Hedge Funds industry and of related accounting treatments under Luxembourg GAAP
Make the link with existing tax structures from an accounting point of view
Properly disclose the transactions in the annual accounts
Apply in practice the examples analyzed during the training
Content
Introduction
Luxembourg GAAP framework and compliance requirements
Luxembourg accounting law (including the last changes in the accounting law)
Preparation of annual accounts
Consolidation requirements
Luxembourg Standard Chart of Accounts
Electronic filing
Balance sheet – assets
Acquisition cost
Equity and debt investments (cost, valuation, impairment, currency)
Balance sheet – equity
Multiple classes of shares, Redeemable Preferred Shares
Capital contribution without issuance of shares
Interim dividend
Balance sheet – liabilities
Hybrid financial instruments (e.g. PEC, CPEC, PPL, …).
Guarantees, commitments, bank covenants (risks and disclosure)
Contribution in kind, merger liquidation, etc.
Conclusion
Target audience
Accountants of Private Equity / Hedge Funds structures established in Luxembourg
Accountants involved in Private Equity / Hedge Funds
Chartered accountants and employees of trust companies
Financial controllers and analysts
Internal and external auditors
Compliance officers
Tax experts
Where does it take place?
PwC's Academy
2
Rue Gerhard Mercator Luxembourg Luxembourg
You could like it :
find out about all the networking events and trainings tailored for you!
find out about all the networking events and trainings tailored for you!
