Updating carryover losses and credits

If your company has carryover losses and credits, you can manually input the associated amounts of the loss/credit into the appropriate year of expiration row in order to more accurately track the ending deferred balance by year of expiration. You can also provide 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 input app (CA1311)

Use this input app to schedule the expected expiration of carryover losses and credits. Enter the year of origin and the gross amount of the loss/credit for each year of expiry. The year of expiry column is populated by the system with the symbols representing the next ten years.

This input app 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 update the loss and credit expiration schedule:

1. In the Tax Provision navigation pane, click Data Collection.
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.lvapp. The input app opens in the workspace.
7. Expand the LossCreditExpiration—Total category, and enter data for each appropriate symbol in the Controls dimension:

   Symbol	Description
   LCS_Expire01—Expire	Year one expiration detail.
   LCS_Expire02—Expire	Year two expiration detail.
   LCS_Expire03—Expire	Year three expiration detail.
   LCS_Expire04—Expire	Year four expiration detail.
   LCS_Expire05—Expire	Year five expiration detail.
   LCS_Expire06—Expire	Year six expiration detail.
   LCS_Expire07—Expire	Year seven expiration detail.
   LCS_Expire08—Expire	Year eight expiration detail.
   LCS_Expire09—Expire	Year nine expiration detail.
   LCS_Expire10—Expire	Year ten expiration detail.
   LCS_ExpireBeyond—Expire	Expiration detail for years beyond 10.
   LCS_ExpireNever—Expire Never	Loss/credits that never expire.
   LCS_Undescribed—Undescribed Amount	Undescribed amount, equal to the amount from the gross temporary difference rollforward (end of year balance) and the sum of the inputs. This cell is calculated.

8. When you are finished, click Submit.

Utilization Schedule input app (CA1312)

Use this input app to schedule the expected utilization of short-term and long term losses, credits, and temporary differences. Enter the short-term and long term losses, credits, and temporary differences.

This input app contains the following symbol in the Elements dimension:

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

To update the utilization schedule:

1. In the Tax Provision navigation pane, click Data Collection.
2. Expand Supplemental Disclosure.
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 Utilization.
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 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.

6. Click CA1312 - Utilization Schedule.lvapp. The input app opens in the workspace.
7. Expand the LCS_UtilizeSTT—Expected Utilization (ST - within 12 Months) category, and enter data for each appropriate symbol in the Controls dimension:

   Symbol	Description
   LCS_UtilizeST01—Due to Reversal of DT Liabilities	Utilization of short-term Losses/Credits/ Temporary Differences due to reversal of deferred tax liabilities.
   LCS_UtilizeST02—Due to Expected Future Profit	Utilization of short-term Losses/Credits/ Temporary Differences due to expected future profit.
   LCS_UtilizeST03—Due to Tax Planning Opportunities	Utilization of short-term Losses/Credits/ Temporary Differences due to tax planning opportunities.
   LCS_UtilizeSTOther—Other	Utilization of short-term Losses/Credits/ Temporary Differences due to other reasons.
   LCS_UtilizeSTUn—Unexplained	Utilization of short-term Losses/Credits/ Temporary Differences due to unexplained reasons. This cell is calculated.

8. Expand the LCS_UtilizeLTT—Expected Utilization (LC - after 12 Months) category, and enter data for each appropriate symbol in the Controls dimension:

   Symbol	Description
   LCS_UtilizeLT01—Due to Reversal of DT Liabilities	Utilization of long-term Losses/Credits/Temporary Differences due to reversal of deferred tax liabilities.
   LCS_UtilizeLT02—Due to Expected Future Profit	Utilization of long-term Losses/Credits/Temporary Differences due to expected future profit.
   LCS_UtilizeLT03—Due to Tax Planning Opportunities	Utilization of long-term Losses/Credits/Temporary Differences due to tax planning opportunities.
   LCS_UtilizeLTOther—Other	Utilization of long-term Losses/Credits/Temporary Differences due to other reasons.
   LCS_UtilizeLTUn—Unexplained	Utilization of long-term Losses/Credits/Temporary Differences due to unexplained reasons. This cell is calculated.

9. When you are finished, click Submit.