The course will be presented by Hovhannes Azizyan, Manager - Accounting and Reporting Advisory, et Nvard Rostomyan, Senior Manager - Audit & Assurance, Deloitte

The course will be given in English.

The session is about the key differences between IFRS and Lux GAAP applicable to commercial and industrial companies. 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 commercial and industrialcompanies such as:

• Financial statements presentation and disclosures differences, with illustrative examples;
• Selected accounting differences that impact the financial performance of commercial and industrial companies (e.g. revenue recognition, goodwill, trade receivables, borrowing costs, provisions / contingent liabilities, high-level consolidation 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 the sessions.