Description
Objectives
Upon successful completion of this course, the participant should be able to:
- Understand fundamental accounting concepts and their importance for Luxembourg entities.
- Master the mechanics of double-entry bookkeeping, classification of accounts, and be familiar with the Standard Chart of Accounts (SCA).
- Overview in VAT principles, LuxGAAP standards, and closing procedures.
- Prepare and understand the components of annual accounts, including the balance sheet, profit & loss statement, and notes to accounts.
- Comply with Luxembourg's legal obligations, including filing requirements and preparation of management and audit reports.
- Consolidate knowledge through practical exercises.
Programme
Day 1: Introduction to Accounting
- Overview of accounting importance and basics
- Double-entry bookkeeping principles
- Balance sheet and profit & loss classification
Day 2: Accounting Mechanisms
- Detailed explanation of the components of the balance sheet and profit & loss statement.
- Exploration of journals, general ledgers, and trial balances.
- Coherence between Chart of Account with Balance-sheet and P&L presentation.
- Become familiar with Standard Chart of Accounts (SCA)
Day 3: Key Accounting Concepts and Applications
- VAT concepts and their practical application.
- Debtors, creditors, and provisions
- The concept of accrued and deferred items
Day 4: Advanced Accounting – Part 1
- LuxGAAP policies and compliance.
- Foreign exchange rules under LuxGAAP.
- Fixed assets valuation and depreciation methods
Day 5: Advanced Accounting – Part 2
- The adjustments and closing entries
Identification and correction of accounting errors
Day 6: Financial information
- Components of annual accounts (balance sheet, P&L, notes)
- Legal obligations for filing and management reports
- Audit process
Penalties for non-compliance
Day 7: Consolidation and Practice
- Review and integration of all topics covered
Hands-on exercises for practical reinforcement
Target audience
This course is designed to help people without an accounting background to easily learn and understand accounting concepts
Conditions
Course Material
Please note that for environmental reasons no paper version of the training material will be provided for your training. The course material can be downloaded free of charge via your portal before the start of the course (download the Client Portal User’s Guide here). You will be able to view it on the screen of your mobile device or print it if necessary. If your registration has been made by a training manager of your company please contact him/her so that he/she can give you access to it or send it to you.
Certificate
At the end of the training, the participants will receive a certificate of participation delivered by the House of Training.
Location
L-1615 Luxembourg
Luxembourg
Sessions and schedules
-
Thu 30.10.2025
10:00 to 16:00
5H
General Accounting - Fundamentals - Module 1
Chambre de Commerce Luxembourg
-
Thu 06.11.2025
10:00 to 16:00
5H
General Accounting - Fundamentals - Module 1
Chambre de Commerce Luxembourg
-
Thu 13.11.2025
10:00 to 16:00
5H
General Accounting - Fundamentals - Module 1
Chambre de Commerce Luxembourg
-
Thu 20.11.2025
10:00 to 16:00
5H
General Accounting - Fundamentals - Module 1
Chambre de Commerce Luxembourg
-
Thu 27.11.2025
10:00 to 16:00
5H
General Accounting - Fundamentals - Module 1
Chambre de Commerce Luxembourg
-
Thu 04.12.2025
10:00 to 16:00
5H
General Accounting - Fundamentals - Module 1
Chambre de Commerce Luxembourg
-
Thu 11.12.2025
10:00 to 16:00
5H
General Accounting - Fundamentals - Module 1
Chambre de Commerce Luxembourg
-
Thu 18.12.2025
13:30 to 16:00
2H
General Accounting - Fundamentals - Module 1 - Exam
Chambre de Commerce Luxembourg
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