Accounting services One key contact for a global services approach

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Whether you are focusing on real estate, investing in a private equity context, or operating as a large multinational corporation, Deloitte’s accounting services will work with you to develop and implement the quality solutions you need today and in the future.

Our experts provide timely and reliable financial information at all stages of an entity’s life cycle through either (i) tailored services (‘service à la carte’ or ‘one stop shop’) or (ii) all inclusive (‘full compliance package’) depending on the client’s specific requirements and challenges.

Deloitte’s accounting services ensures your reporting deadlines are met by committing to strict compliance and reporting deadlines with a focus on long term client collaboration.

Through Deloitte’s client dedicated trainings, hotlines,and outsourcing of professionals, we ensure your team not only stays up to date, but refreshes and expands their knowledge.

Our professional team members are ready to expertly manage your compliance requirements, allowing you to concentrate on your core business

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Deloitte’s people remain our firms’ greatest and most valuable asset. A multitude of in-house experts provide pertinent insights into opportunities.

Our multidisciplinary accounting team comprises50 professionals in different fields. These dedicatedprofessionals bring the expertise they have gainedfrom working in audit and tax departments across industry sectors (private equity, real estate, operating companies, banks, etc.).

Our experts are registered as Luxembourg chartered accountants, or are working towards that aim, and have obtained the diploma in tax from the Luxembourg Chamber of Commerce. Along with these credentials, a continuous investment in training enables our team members to hone their skills and makes Deloitte accounting services the perfect partner to produce financial statements which comply with Luxembourg Generally Accepted Accounting Principles (Lux GAAP) as well as other reporting and analysis deliverables to suit your needs.

In this context, we benefit from a market leading web platform which streamlines data gathering, supports the compliance function, and facilitates effective project management.

Further, our in-house IFRS team (appointed as IFRS Centre of Excellence within the Deloitte network) provides all our service lines with expertise in this respect.

Our Luxembourg chartered accountantscare about your challenges and abouttheir work. Their objective is tosuccessfully turn your challenges intosuccess stories.

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Our resources

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From start to finish our team of experts provides accounting consultancy and compliance services every step of the way. Our global services approach spans the conception phase, incorporation of Luxembourg Soparfis and special-purpose vehicles, and finally the day-to-day management of these entities.

Such global services are monitored by one keycontact person, who provides these entities withcross-practice support, follow-up of its day-to-dayoperations and ensures compliance with Luxembourgtax and regulatory requirements at all stages in theirlifecycle.

1. Accounting assistance under Lux GAAP and IFRS when setting up the structure

• Provide assistance and guidance on accounting treatment and implications of the client’s business decisions, complex transactions and financial hybrid instruments (such as distressed debts, (C)PECs, PPL, warrants, total return SWAP, call/put option, etc.)

• Ensure a proactive accounting approach in line with the legal and tax structure in place

2. Accounting compliance and reporting for non-regulated vehicles

• Maintain accounting records using our license software ‘Bob 50’ or in-house client accounting and reporting system (SAP, HFM, MRI, Yardi, etc.) in compliance with the mandatory Luxembourg chart of accounts or client’s own chart of accounts

• Prepare periodic and/or annual stand-alone accounts under Lux GAAP and IFRS (including preparation of tax provisions as well as coordination and follow-up with auditors) or reporting packages

• Conversion of financial statements from foreign GAAP/client’s own GAAP to Lux GAAP and vice versa (mainly IFRS or U.S. GAAP)

3. Accounting compliance and reporting for regulated vehicles and management companies

• Maintain accounting records in accordance with CSSF and financial sector regulations for regulated vehicles [i.e. SIF, SICAR and securitisation, management companies and financial sector professionals (i.e FSP/PSF)]

• Provide advice on, and prepare, periodic and annual reporting to regulatory authorities

4. Consolidation

• Prepare consolidated accounts under Lux GAAP and IFRS using our licensed software ‘SIGMA’ or excel

• Prepare periodic and/or annual consolidated financial statements under Lux GAAP and IFRS (including coordination and follow-up with auditors)

5. Corporate and tax compliance under the supervision of our in-house corporate-legal and tax experts

• Prepare and coordinate legal compliance (board minutes and minutes of shareholders’ ordinary general meetings, including filing of accounts)

• Prepare tax provisions and corporate tax returns and check compliance with the tax clearance

• Prepare periodic and annual VAT returns

6. Specific assistance on above matters

• Prepare financial statements for deal purposes (interim dividend distribution, own shares class repurchase, etc.) and for liquidation purposes

• Prepare financial analysis or customised reporting (such as analytical review, forecasts, cash flow analysis, budget control, etc.) at group level for management purposes

• Monitor and follow-up of bank accounts• Set-up or map of appropriate charts of accounts and

accounting procedures and policies• Help design and implement a consolidation process and

coordinate the data collected from subsidiaries• Provide highly skilled Luxembourg chartered accountants

to temporarily help with clients’ organisation (temporary outsourcing)

7. Training sessions and hotlines

• Training our clients on Lux GAAP and IFRS framework or specific requirements, on general or specific consolidation processes and technical matters

• Developing tailored and dedicated trainings for specific issues or selected topics; covering accounting, tax and legal implications, as needed, together with tailored case studies

• Hotlines on specific Lux GAAP and IFRS requirements, on general or specific consolidation process and technical matters, such as guidance on the accounting treatment of specific transactions, and Lux GAAP compliancy of the accounts

• Regular updates on the latest developments regarding the Luxembourg legal and regulatory provisions in order to maximise opportunities and mitigate the risks relating to the entities’ business and organisation

Our services

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A single person can make a big difference, imagine what more than 1,600 can achieve!

With over 1,600 employees in Luxembourg, Deloitteranks as one of the leading providers of professionalservices on the market.

With a 150-year history of strategic mergers andahead-of-the-curve insight, we are constantly focusedon the future, and our services are geared towardsanticipating market demands – such as IFRS andconsolidation. Our commitment to excellence helps usbetter meet the needs of our clients, while providingour people with constant professional developmentopportunities.

Our resources and experience enable us to provide you with the market-leading services and in-depth experience of our accounting and tax services team across your relevant jurisdictions.

Deloitte relevance

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Our accounting management team

Jean-Philippe FouryPartner – Head of Accounting services Jean-Philippe is a Luxembourg chartered accountant, with more than 15 years experience in accounting expertise and audit of commercial and financial industries. He leads the accounting services and provides accounting advice on complex instruments, cross-border transactions and restructuring of multinational groups.Tel.: +352 451 452 418 – E-mail: jpfoury@deloitte.lu

Alexandre Prost-GargozPartner – Business Tax – Accounting Services Alexandre is a partner within the tax department and has over 14 years of professional experience. Alexandre is specialised in accounting, tax and reporting solutions for private equity houses and management companies. Before joining, Alexandre headed the alternative fund administration of Alter Domus in Luxembourg where he acted as Managing Director and independent director for several Private Equity funds.Tel.: +352 451 454 407 – E-mail: aprostgargoz@deloitte.lu

Karine ThilPartner – Specialised in IFRS and consolidationKarine is a Luxembourg chartered accountant with more than 15 years of experience within Deloitte, mainly in the audit department. Karine is specialised in the service of international clients, including listed groups, and more specifically on consolidation and IFRS issues. Karine is a member of the Deloitte Luxembourg IFRS group of experts and has participated in providing various internal and external IFRS and consolidation trainings.Tel.: +352 451 452 452 – E-mail: kthil@deloitte.lu

Deloitte is a multidisciplinary service organisation which is subject to certain regulatory and professional restrictions on the types of services we can provide to our clients, particularly where an audit relationship exists, as independence issues and other conflicts of interest may arise. Any services we commit to deliver to you will comply fully with applicable restrictions.

Due to the constant changes and amendments to Luxembourg legislation, Deloitte cannot assume any liability for the content of this leaflet. It shall only serve as general information and shall not replace the need to consult your Deloitte adviser.

About Deloitte Touche Tohmatsu Limited: Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/lu/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.

Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 150 countries, Deloitte brings world-class capabilities and high-quality service to clients, delivering the insights they need to address their most complex business challenges. Deloitte has in the region of 200,000 professionals, all committed to becoming the standard of excellence.

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