FRENCH GAAP

• scope of the Regulation ;

• financial statements (balance sheet, income statement, notes to the financial statements) ;

• accounting principles (true and fair view, comparability and continuity, regularity and sincerity, prudence, permanence of methods, …) ;

• accounting methods and impact of their changes …

• Assets (excluding financial assets) :

  • definition of intangible and tangible assets, inventory, prepaid expenses ;

  • valuation of assets ;

  • accounting treatment, general rules and specific arrangements …

• Financial assets :

  • long-term securities  : general rules, accounting treatment and valuation of equity investments, securities valued by the equity method, portfolio investments … ;

  • general rules relating to investment securities ;

  • other securities transactions …

• Owners’ equity (share capital, investment grants recorded in owners’ equity, regulated provisions, …)  : definition and accounting treatment ;

• Other liabilities :

  • definitions (debt, provision, deferred income …) ;

  • recognition criteria ;

  • valuation  : liabilities in foreign currencies, provisions, consideration of future events …  ;

  • provisions for pensions and similar obligations …

• intangible and tangible assets, inventory ;

• securities and marketable securities ;

• receivables and payables ;

• cash and cash equivalents ;

• unrealized foreign exchange gains and losses …

• expenses : definitions, type of expenses, accounting treatment, accounting period, … ;

• revenues : definitions, type of income, turnover, transactions with retention of title clauses, accounting period, … ;

• profit or loss : calculation, classification in the income statement, recognition of profits, … ;

• taxes and duties ;

• income taxes : applicable tax rate, tax consolidation …

• software ;

• websites ;

• greenhouse gas emission allowances ;

• energy saving certificates ;

• quarry land, drilling royalties ;

• agricultural activities ;

• tokens issued and held ;

• joint ventures ;

• long-term contracts ;

• trust transactions ;

• share purchase, stock option plans, employee share ownership plan ;

• financial guarantee contracts ;

• transactions with a company in receivership ;

• trading online transactions ;

• derivative financial instruments, hedging …

• definition of mergers and similar transactions : merger of entities, merger without exchange of shares, demerger of companies, … ;

• accounting rules and valuation of contributions ;

• definitions of acquiring entity, receiving entity, initiating entity and target entity ;

• specific cases, merger deficit, reciprocal transactions …

• Preparation and presentation of the annual financial statements : relevance of the information, subdivision of documents, information for natural persons, legal persons, filing of the annual accounts… ;

• Balance sheet and income statement formats : standard system, abridged system ;

• Information in the notes to the annual financial statements : accounting principles and methods, information related to balance sheet and income statement (assets, liabilities, taxation, off-balance sheet commitments, employees…), other information (allocation of free shares to employees, long-term contracts, exchange transactions, greenhouse gas emission quotas, hedging transactions, mergers and similar transactions, …) ;

• Interim financial statements.

• Fund flow statement (principles of preparation)

• General principles : use of national currency and language, documentation, auditing, organization of digital accounting…

• Accounting books : functioning, inventory …

• Bookkeeping : general principles (double-entry bookkeeping, recording rules, closing procedures, … ), supporting documents …

• Summary of accounts ;

• Rules for setting up the chart of accounts (general principles, meaning of end digits, …) ;

• Classification of accounts.

Detailed description of accounts, their functioning and their use :

• Balance sheet accounts (Classes 1–5 : equity, fixed assets, inventories, receivable and payable, cash, bank, marketable securities, financial instruments…) ;

• Income statement accounts (Classes 6–7 : expenses, revenues) ;

• Special accounts (Class 8 : commitments, profit and loss pending appropriation, balance sheet…).