The session is about the key differences between IFRS and Lux GAAP applicable to investment funds. This does not attempt to capture all the differences that exist, but the focus will be on variations that are commonly found in practice in investment funds such as:

• Financial statements presentation and disclosures differences;
• Selected accounting differences that impact the financial performance of investment funds (e.g. financial instruments, carried interests, classification of units/shares issued, interest income, investment properties, inventories, high-level consolidation / combination requirements, etc.);
• Case studies to illustrate the impacts from transitioning from Lux GAAP to IFRS.
  
  

A presentation of the most recent normative updates is included in te sessions.