Financial Reporting Obligations for Boards

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Course outline

The purpose of this specific training is to provide Directors with practical knowledge on financial reporting in order to understand how to read and interpret financial reports as an Non-Executive Director.

This course is dedicated to Directors that do not have a professional accounting background but that would like to acquire insight on how to read and interpret financial statements. To fully benefit from this introductory class, participants are expected to have a basic knowledge of corporate accounting.

Date & Time

23/09/2025 - 09:00
11:00

Venue

Online

CPD hours

2.0 hours

Book your spot

Member fee : 190,00€  (VAT excl.)*

Non-member fee: 270,00€  (VAT excl.)
* ILA Certified Directors: 10% discount
Please email us at [email protected] to obtain this discount

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Speakers

Marion RORY

Deloitte

Agenda and schedule

9:00 AM

Role and responsibilities of the stakeholders

  • Key stakeholders and their roles (preparers, auditors, users, other)
  • The Board of Directors
  • The Auditors  

9:15 AM

Comparing companies through Financial Reporting  

9:30 AM

Financial reporting

  • Defining terms & concepts
  • Different types of reporting: general purposes, management reporting, regulatory reporting, special purpose reporting, non-financial reporting

09:45 AM

The true nature of accounting 

10:00 AM

Legal & regulatory aspects of accounting, tax & financial reporting

  • Accounting frameworks (Lux GAAP, IFRS, Modern Lux GAAP)
  • Accounting laws in Luxembourg - general and sectors (Banks, insurances, funds)
  • Size and criteria (small, medium, large, PIE entities)
  • Filing obligations

10:30 AM

The components & types of financial statements

  • Balance sheet (assets and liabilities)
  • Profit and loss account (income and expenses)
  • Notes to the accounts
  • Auditor's report (opinion types)
  • Other statements (Cash Flow statement, management report...)
  • Solvency vs. liquidity   

11:00 AM

Closing

Start with the customer – find out what they want and give it to them.

Venue

An address must be specified for a map to be embedded


Chambre de Commerce Luxembourg

7 Rue Alcide de Gasperi 

1615 Luxembourg - Luxembourg

Contact the organiser

Institut Luxembourgeois des Administrateurs

[email protected]  | +352 26 49 58 5963