Luxembourg subsidiary of a French group: organising the close and the reporting A Luxembourg subsidiary of a French group lives with two clocks. The first is local: annual accounts under Lux GAAP, approved by the shareholder, filed with the Trade and Companies Register within sev... Accounting IFRS International 9 Oct 2026
Mohamed Soliman Why are IFRS so widely used in Luxembourg? In Luxembourg, the same company may have to present its accounts under two different frameworks: Lux GAAP , the national accounting framework; IFRS , the international standards widely used in interna... Accounting IFRS 11 Jul 2026
Mohamed Soliman IFRS 9: understanding the impairment test for financial instruments IFRS 9 has profoundly transformed the way companies account for credit risk. Where the former IAS 39 waited for a loss to be incurred before recognising it, IFRS 9 requires anticipation: as soon as a ... Accounting IFRS 11 Jul 2026
