Calculating and accounting for deferred tax
  • Consolidation under IFRS - Accounting production: Know how to prepare consolidated accounts under IFRS.
  • Financial statements and notes - Know the balance sheet, the income statement, the cash flow statement, the statement of changes in shareholders' equity, the OIC, the notes.
  • IFRS standards - International Financial Reporting Standards
  • Tax aspects in consolidated accounts - Deferred tax, tax proof, tax consolidation

Target audience

- Accounting managers
- Chartered Accountants, Statutory Auditors
- Consolidation and Accounting Directors
- Consolidation managers
- Financial managers

1 day

Prerequisites

This training does not require any particular prerequisite.

Objectives

Understand the recognition principles of deferred tax under both IFRS and French GAAP in order to:
– Calculate and audit deferred tax
– Book deferred tax in the balance sheet, income statement and OCI

Detailed content

> Principles of deferred tax recognition

– From current to economic income tax
– The liability approach, variable carry-forward and extended concept

> Assessing deferred tax

– Measuring accounting and tax bases
– Conditions for deferred tax asset and liability recognition
– Applicable tax rates and impact of tax rate changes
– Deferred tax in interim accounts
– Understanding and applying IFRIC 23 “Uncertainty over Income Tax Treatments”

> Recognizing and presenting deferred tax

– Impacts in the financial statements
– Conditions for offsetting assets and liabilities
– Deferred tax and OCI

> Deferred tax and consolidation entries

– Deferred tax recognition in business combinations
– Particular case: deferred tax on investments

> Information to disclose in the notes

– Tax proof: methodology and the two possible presentations
– Deferred tax assets: recognition criteria and unrecognized assets
– Other disclosures

> Deferred tax and tax consolidation

– Reminders on tax consolidation
– Impacts on deferred tax

Why should you attend?

French GAAP are very close to IFRS when it comes to deferred tax.
This training will enable you to master the accounting treatment of this complex and important topic in both frameworks.

Training methods and assessment

Presentation supported by many illustrations drawn from recent
actual financial statements. Immediate implementation of the topics with exercises and case studies. A final quiz assesses the acquisition of knowledge.
Assessment questionnaire.
A training certificate is delivered at the end of the session.

The trainer is available by e-mail to answer any follow-up questions participants may have.

Price

1 020 € Excl. VAT – 1 224 € Incl. VAT

Médias

Témoignages

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Jonathan C.
Entreprise
Formation