Reviewing carryover losses and credits

If your company has carryover losses and credits, you can view the associated amounts of the loss/credit in the appropriate year of expiration row in order to more accurately track the ending deferred balance by year of expiration. You can also view supplemental detail regarding the expected short-term and long-term utilization for losses and credits, allowing you to more accurately track the recognisable component of your deferred tax assets.

Loss and Credit Expiration Schedule report (CA1311)

After data is imported into the Longview Tax database, you can use this report to review the schedule for the expected expiration of carryover losses and credits. This report contains the following symbols in the Elements dimension (across):

• LCSYrOrigin_IAS—Year of Origin This column represents the year of origin of the carryover loss/credit.
• LCSYrExpiry_IAS—Year of Expiry This column represents the expected year of expiry of the carryover loss/credit.
• LCSYrAmount_IAS—Amount (Gross) This column represents the gross amount of the carryover loss/credit.

To review the loss and credit expiration schedule:

1. In the Tax Provision navigation pane, click Reports.
2. Expand Supplemental Disclosures.
3. Use the drop-down list or the symbol selector to select the appropriate entity.

   For more information, see “Using the Symbol Selector”.

4. Expand Expiration.
5. Use the drop-down list or the symbol selector to select the appropriate account.

   For more information, see “Using the Symbol Selector”.

   Note: Available accounts are National and Regional Losses and Credits. If a symbol is calculated by the system, that symbol is read-only and the total of the calculated and manual adjustment amounts are represented in the manual adjustment account.

6. Click CA1311 - Loss and Credit Expiration Schedule.rtp. The report opens in the workspace.
7. Review the controls values for each appropriate element.

   For detailed information on the controls in this report, see “Loss and Credit Expiration Schedule input app (CA1311)”.

Utilization Schedule report (CA1312)

After data is imported into the Longview Tax database, you can view this report to view the schedule for the expected utilization of short-term and long-term losses, credits, and temporary differences.

This report contains the following symbols in the Elements dimension (across):

• LCSYrAmount_IAS—Amount (Gross) This column represents the gross amount of the carryover loss/credit.

To review the utilization schedule:

1. In the Tax Provision navigation pane, click Reports.
2. Expand Supplementary Disclosures.
3. Use the drop-down list or the symbol selector to select the appropriate entity.

   For more information, see “Using the Symbol Selector”.

   Note: Available accounts are National and Regional Temporary Differences, Losses, and Credits. If a symbol is calculated by the system, that symbol is read-only and the total of the calculated and manual adjustment amounts are represented in the manual adjustment account.

4. Expand Utilization.
5. Click CA1312 - Utilization Schedule Actual.rtp. The report opens in the workspace.
6. Review the controls values for each appropriate element.

   For detailed information on the controls in this report, see “Utilization Schedule input app (CA1312)”.