Working With Interim Accounts

You can use the Interim Accounts editor to manage allocation method settings for interim accounts. The allocation method specifies settings for moving amounts from Current Provision input apps to forecast tax expense reports.

To view and print the current configuration settings for interim accounts, use the following reports:

• XNF0803 or XNF1803 — Interim Account Current and Deferred Setup National.rtp
• XRF0803 or XRF1803 — Interim Account Current and Deferred Setup Regional.rtp

Modifying interim account allocation method settings

You can use the Interim Accounts editor to modify the allocation method for interim accounts. The allocation method is used to move amounts between the following input apps and reports:

• Current Provision Forecast (RF0201)    > Forecast Tax Expense (RF0802)
• Current Provision Forecast (NF0201)    > Forecast Tax Expense (NF0802)
• Current Tax Charge Forecast (NF1201)    > Forecast Tax Expense (NF1802)
• Current Tax Charge Forecast (RF1201)    > Forecast Tax Expense (RF1802)

For each input app, amounts under GrsCYFsct_ASC/GrsCYFsct_IAS — Forecast Current Year are moved to leaf symbols under GrsCYCurFcst_ASC/GrsCYCurFcst_IAS — Forecast Current or GrsCYDfdFcst_ASC/GrsCYDfdFcst_IAS — Forecast Deferred in the corresponding report, based on the allocation method settings.

When the allocation method settings specify that the amount is moved to Forecast Current, the amounts in the Current Year column are moved to the Current column and the amounts in the Interim Current Year column are moved to the Interim Current column, both under Forecast Current.

When the allocation method settings specify that the amount is moved to Forecast Deferred, the amounts in the Current Year column are moved to the Deferred column and the amounts in the Interim Current Year column are moved to the Interim Deferred column, both under Forecast Deferred.

Longview recommends the following allocation method settings for interim accounts:

To modify allocation method settings:

1. In the Tax Provision navigation pane, click Administration.
2. Expand Accounts.
3. Click Interim Accounts. The Interim Accounts editor opens with the National page in view.
4. Depending on the type of account you want to modify allocation settings for, continue to the next step, or click the Regional tab.
5. For each applicable leaf account, specify an allocation method from the Allocation Method drop-down list. Select one of the following options:

   1. Current: This option specifies that the amount is moved to leaves under GrsCYCurFcst_ASC/GrsCYCurFcst_IAS — Forecast Current.

   2. Deferred+: This option specifies that the amount is moved to leaves under GrsCyDfdFcst_ASC/GrsCyDfdFcst_IAS — Forecast Deferred, and the sign is unchanged.

   3. Deferred-: This option specifies that the amount is moved to leaves under GrsCyDfdFcst_ASC/GrsCyDfdFcst_IAS — Forecast Deferred, and the sign is changed (+ to -, or — to +).

   4. NoAllocation: This option specifies that the amount is not moved to either GrsCyCurFcst_ASC/GrsCyCurFcst_IAS — Forecast Current or GrsCyDfdFcst_ASC/GrsCyDfdFcst_IAS — Forecast Deferred. If there is an amount for the selected leaf account, that amount is cleared in the corresponding report.

   5. Reversal: This option specifies that the amount is moved to both GrsCyCurFcst_ASC/GrsCyCurFcst_IAS — Forecast Current and GrsCyDfdFcst_ASC/GrsCyDfdFcst_IAS — Forecast Deferred. In leaves under GrsCyDfdFcst_ASC/GrsCyDfdFcst_IAS — Forecast Deferred, the sign is changed (+ to -, or — to +).

   6. <blank>: This option specifies that no allocation method is set. If there is an amount for the selected leaf account, that amount is unchanged in the corresponding report.

6. When you are finished, click Save.
7. If you want to run calculations based on the changes you have made, click Run Calculations.

Exporting interim accounts to Microsoft Excel

You can use the Interim Accounts editor to export interim account information from all tabs in the editor to Microsoft Excel.

To export interim accounts to Microsoft Excel:

1. In the Tax Provision navigation pane, click Administration.
2. Expand Accounts.
3. Click Interim Accounts. The Interim Accounts editor opens with the National page in view.
4. Click Export to Excel. A dialog opens.
5. Select one of the following:
   • To export all account symbols fully expanded, click Expanded View.
   • To export only the account symbols visible in the current hierarchy expansion state for each tab, click Current View.
6. The Save As dialog opens.
7. Navigate to the location where you want the file to be saved.
8. Type the name of the file you want the account information to be exported to.
9. Click Save. The file opens in Microsoft Excel.