– Transition from current tax to economic tax
– Sources of deferred tax
– Permanent tax and consolidation differences
✔ PRACTICE | Case Study: Deferred Tax and Tax Loss Carryforwards
✔ PRACTICE | Case Study: Temporary Differences and Permanent Differences

– Balance Sheet Approach
– Difference Between Tax Basis and Book Value
– Determining Deferred Tax Bases
– Applicable Rates and the Impact of a Rate Change (Treatment of Variable Carryforward)
✔ EVALUATE | Quiz: For each scenario presented, should a deferred tax asset, a deferred tax liability, or no deferred tax be recognized?
✔ APPLY | Case Study: Application of the balance sheet approach to the financial statements of “Sigma Participations”

– Conditions for offsetting assets and liabilities
– Conditions for recognizing deferred tax assets and liabilities
– Deferred taxes and goodwill
– Deferred taxes and equity investments
✔ APPLY | Case study: Accounting for a deferred tax asset
✔ UNDERSTAND | Review of the tax note for publicly traded groups

– Calculating the Effective Tax Rate (ETR)
– Review of Deferred Tax Assets (DTA)
✔ UNDERSTANDING | Example: Calculating the ETR at the end of the half-year

– Deferred Tax Assets: Recognition Criteria and Unrecognized Deferred Tax Assets
– Tax Proof: Method and Its Two Formats
– Other Disclosures
✔ APPLY | Case Study: Sources of Deferred Taxes for “Sigma Participations”
✔ UNDERSTAND | Review of Tax Proofs for Several Listed Groups

– Overview of the principles of tax consolidation in France
– Impact on deferred taxes
✔ TEST YOUR KNOWLEDGE | Quiz: Which companies can be part of a tax consolidation?