Accounting
Crypto-assets gain popularity – are IFRS accounting standards ready?
The use of digital assets - or crypto-assets - is accelerating by the minute. But what exactly are they? And how can their ongoing accounting-related challenges be handled? Let’s first take a look at what’s been happening here in Luxembourg. From January 2022, LuxSE has allowed certain security tokens (financial instruments issued on a distributed ledger) […]
US GAAP: an acceptable accounting principle in Luxembourg?
As more and more US-based asset managers choose Luxembourg for their next alternative investment funds (AIFs), the question they invariably ask is whether they can keep the accounting principles they are using for their current structures: United States Generally Accepted Accounting Principles (US GAAP). Many of these asset managers also run parallel funds al […]
Impact of COVID-19 on real estate companies: accounting implications
The COVID-19 pandemic and subsequent lockdowns significantly impacted the global economy, with shockwaves still being felt around the world. Some of the most affected organizations are in real estate, with potentially long-term consequences due to their geographical region or asset class. This article will guide you through the main accounting implications fo […]
Financial reporting in the aftermath of Covid-19
Covid-19 continues to significantly impact the global economy. As local markets start back up and businesses resume their activities, the challenge emerges of assessing, quantifying and disclosing the pandemic’s actual impact on financial statements. In this blog article, we have gathered some relevant insight on how to prepare your financial statements in […]
Choosing the right accounting policy under the IFRS framework
Accounting policy refers to the specific rule or principle that an entity applies to a transaction, other event or condition when preparing and presenting its financial statements. It encompasses everything from recognition and measurement to presentations and disclosures. For most transactions, other events or conditions, specific IFRS Standards apply. But what […]
