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Updating Regional Discrete Items

Tax Provision allows you to adjust values to the regional interim current and deferred effective tax rates and enter current and deferred regional discrete items.

ETR and Discrete Items Interim Accounts

Symbol Description

NIBTAdj-GAAP Net Income/(Loss) Before Tax Adjusted

Displays the adjusted net income before tax. Expand to view details.

RegIPETRCURA — Regional Interim Current ETR Adjustment

Input adjustment to the calculated regional interim current ETR.

RegIPETRDFRA — Regional Interim Deferred ETR Adjustment

Input adjustment to the calculated regional interim deferred ETR.

RegDscC00x — Regional Current Tax Impact of One-Time Adjustment

Input discrete adjustments to the regional current tax.

RegDscD00x — Regional Deferred Tax Impact of One-Time Adjustment

Input discrete adjustments to the regional deferred tax.

RegValCTIP — Regional Valuation Allowance - Current

Input current regional valuation allowance.

RegValNCTIP — Regional Valuation Allowance - Non-Current Input non-current regional valuation allowance.
RegValNOLIP — Regional Valuation Allowance - NOLs Input net operating loss regional valuation allowance.
RegValTaxCrIP — Regional Valuation Allowance - Credits Input regional valuation allowance credits.

ETR and Discrete Items Interim input app (SSF0803 / SGF0803)

This input app allows you to adjust values to the regional interim current and deferred effective tax rates and enter current and deferred regional discrete items.

Tax Provision calculates the regional interim ETR After Adjustment based on the following:

start with net income/loss before tax adjusted

plus

regional interim adjusted current ETR

plus

regional interim adjusted deferred ETR

equals

regional current tax expense/benefit before discrete items

plus

regional current tax discrete items

plus

regional deferred tax discrete items

plus

regional system deferred tax discrete items

plus

regional valuation allowance

equals

total regional interim provision tax

divided by

net income/loss before tax adjusted

equals

regional interim ETR after adjustment

To update the ETR and Discrete Items Interim input app:

  1. In the Tax Provision navigation pane, click Data Collection.
  2. Expand Multi-Regional Interim.
  3. Do one of the following:
    1. For Separate Nexus Regions:
      1. Expand Separate.
      2. Use the drop-down list or the symbol selector to select the appropriate entity. For more information, see Using the Symbol Selector.
      3. Click SSF0803 - ETR and Discrete Items Interim. The input app opens in the workspace. Regions with which the entity has separate nexus are displayed as columns above the current year element.
    2. For Group Nexus Regions:
      1. Expand Group.
      2. Use the drop-down list or the symbol selector to select the appropriate region. For more information, see Using the Symbol Selector.
      3. Click SGF0803 - ETR and Discrete Items Interim. If the region contains multiple regional groups, you will be prompted to select one. The input app opens in the workspace. If the regional group contains multiple currencies, each currency is displayed in a separate tab. Entities in the group are displayed as columns, above the current year element.
  4. Update the appropriate accounts.
  5. When you are finished, click Submit.

Forecast Tax Expense report (SF0802R / SF0802S / SF0802G)

This report is the interim ETR before adjustments. It contains the same account symbols as the “Statutory Effective Tax Rate report (SA0501R / SA0501S / SA0501G)”. The Elements (across) represent the forecasted values.

Note: For more information on reports, see Working with Reports.

This report contains the following symbols in the Elements dimension:

Element symbol Description

GrsCY_ASC — Current Year

This column represents the current year column in the regional current provision forecast.

GrsCYIP_ASC — Interim Current Year

This column represents the interim adjustment column in the regional current provision forecast for the adjustment to estimate the full year forecasted current tax expense.

GrsCYFcst_ASC — Forecast Current Year

This column represents the full year forecasted regional current tax expense.

GrsCYCur_ASC — Current

This column represents the current year column in the regional current provision forecast adjusted for amounts that impact the full year forecasted current tax provision.

GrsCYCurIP_ASC — Interim Current

This column represents the interim adjustment column in the regional current provision forecast adjusted for amounts that impact the full year forecasted current tax provision.

GrsCYCurFcst_ASC — Forecast Current

This column is the sum of GrsCYCur_ASC — Currentand GrsCYCurIP_ASC — Interim Current. This column represents the full year regional current tax expense forecast as adjusted for amounts that impact the full year forecasted regional current tax provision.

GrsCYDfd — Deferred

This column represents the actual national deferred tax provision elements in the deferred tax rollforward adjusted for amounts that impact the full year forecasted regional deferred tax provision.

GrsCYDfdIP_ASC — Interim Deferred

This column represents the interim national deferred tax provision elements in the deferred tax rollforward forecast adjusted for amounts that impact the full year forecasted regional deferred tax provision.

GrsCYDfdFcst — Forecast Deferred

This column is the sum of GrsCYDfd — Deferred and GrsCYDfdIP_ASC — Interim Deferred. This column represents the full year forecasted regional deferred tax expense adjusted for amounts that impact the full year forecasted regional deferred tax provision.

GrsCYCurDfdFcstT_ASC — Forecast Current Year

This is the sum of GrsCYCurFcst_ASC — Forecast Current and GrsCYDfdFcst — Forecast Deferred. This column represents the total forecasted regional tax provision (i.e. Current plus Deferred).

To review the Forecast Tax Expense report:

  1. In the Tax Provision navigation pane, click Reports.
  2. Do one of the following:
    1. To view all regions report:
      1. Expand All Regions.
      2. Use the drop-down list or the symbol selector to select the appropriate entity. For more information, see Using the Symbol Selector.
      3. Click SF0802R – Forecast Tax Expense. The report opens in the workspace. Regions with which the entity has nexus are displayed as columns above the interim elements. The total of all regions is also displayed.
    2. To view the separate regions report:
      1. Expand Separate.
      2. Use the drop-down list or the symbol selector to select the appropriate entity. For more information, see Using the Symbol Selector.
      3. Click SF0802S – Forecast Tax Expense. The report opens in the workspace. Regions with which the entity has separate nexus are displayed as columns above the forecast elements. The total of the separate regions is also displayed.
    3. To view the group regions report:
      1. Expand Group.
      2. Use the drop-down list or the symbol selector to select the appropriate region. For more information, see Using the Symbol Selector.
      3. Click SF0802G – Forecast Tax Expense. The report opens in the workspace. The selected region is displayed as a column above the regional groups within the selected region. Below each regional group the interim elements are displayed.
  3. Review the following values:

    1. RegINCTB — Regional Tax Base: Beginning regional amount from the national forecast tax process.

    2. RPerm — Regional Permanent Differences: Total regional permanent differences.

    3. RegNLossT — Total Regional Net Operating Loss: Total regional net operating loss.

    4. RegTaxIncome — Regional Taxable Income/(Loss) after Net Operating Losses: Sum of above symbols.

    5. RegCYR — Regional Tax Rate - CYR: From the Tax Rates input app (XRC0201 or XRC1201).

    6. RegCur_ASC — Regional Current Provision: Regional current provision.

    7. RegTaxCrT — Total Regional Tax Credits: Total regional tax credits.

    8. RegAddPRV_ASC — Regional Additional Provision Items: Total Regional additional provision items.

    9. RegValAllowCHF — Change in Valuation Allowance (Regional): The change in the regional valuation allowance deferred tax accounts from the beginning of the year to the end of the period excluding any adjustments that do not have an impact on the provision.

    10. RegAddTotalS_ASC — Regional Additional Total Provision – System: Sum of all system regional additional provision items.

    11. RegIP_ASC — Regional Total Provision - Current and Deferred: Total regional interim provision.

    12. RegIPETRB4 — Regional Interim ETR Before Adjustment: Regional interim ETR before adjustments.

ETR and Discrete Items Interim report (SF0803R / SF0803S / SF0803G)

Use this report to view the regional effective tax rate after adjusting the current and deferred effect tax rates and adding discrete items.

Note: For more information on reports, see Working with Reports.

Tax Provision calculates the Regional Interim ETR After Adjustment based on the following:

Start with net income before tax as adjusted

multiplied by

current annualized ETR

equals

current tax expense for adjusting for discrete tax amounts

plus

current discrete tax amounts

equals

Total Current Tax Expense

plus

net income before tax adjusted

multiplied by

the deferred annualized effective tax rate

equals

the deferred tax expense before adjusting for discrete tax amounts

plus

deferred discrete tax amounts

equals

Total Deferred Tax Expense

Total Annualized ETR Calculation:

Start with Total Current Tax Expense

plus

Total Deferred Tax Expense

equals

Total Tax Expense

Divided by

net income before tax adjusted

equals

Total Annualized ETR

To review the ETR and Discrete Items Interim report:

  1. In the Tax Provision navigation pane, click Reports.
  2. Do one of the following:
    1. To view all regions report:
      1. Expand All Regions.
      2. Use the drop-down list or the symbol selector to select the appropriate entity. For more information, see Using the Symbol Selector.
      3. Click SF0803R ETR and Discrete Items Interim. The report opens in the workspace. Regions with which the entity has nexus are displayed as columns above the interim elements. The total of all regions is also displayed.
    2. To view the separate regions report:
      1. Expand Separate.
      2. Use the drop-down list or the symbol selector to select the appropriate entity. For more information, see Using the Symbol Selector.
      3. Click SF0803S – ETR and Discrete Items Interim. The report opens in the workspace. Regions with which the entity has separate nexus are displayed as columns above the forecast elements. The total of the separate regions is also displayed.
    3. To view the group regions report:
      1. Expand Group.
      2. Use the drop-down list or the symbol selector to select the appropriate region. For more information, see Using the Symbol Selector.
      3. Click SF0803G – ETR and Discrete Items Interim. The report opens in the workspace. The selected region is displayed as a column above the regional groups within the selected region. Below each regional group the interim elements are displayed.
  3. Review the account values for each appropriate account.
Published:

Updating Regional Discrete Items

Tax Provision allows you to adjust values to the regional interim current and deferred effective tax rates and enter current and deferred regional discrete items.

ETR and Discrete Items Interim Accounts

Symbol Description

NIBTAdj-GAAP Net Income/(Loss) Before Tax Adjusted

Displays the adjusted net income before tax. Expand to view details.

RegIPETRCURA — Regional Interim Current ETR Adjustment

Input adjustment to the calculated regional interim current ETR.

RegIPETRDFRA — Regional Interim Deferred ETR Adjustment

Input adjustment to the calculated regional interim deferred ETR.

RegDscC00x — Regional Current Tax Impact of One-Time Adjustment

Input discrete adjustments to the regional current tax.

RegDscD00x — Regional Deferred Tax Impact of One-Time Adjustment

Input discrete adjustments to the regional deferred tax.

RegValCTIP — Regional Valuation Allowance - Current

Input current regional valuation allowance.

RegValNCTIP — Regional Valuation Allowance - Non-Current Input non-current regional valuation allowance.
RegValNOLIP — Regional Valuation Allowance - NOLs Input net operating loss regional valuation allowance.
RegValTaxCrIP — Regional Valuation Allowance - Credits Input regional valuation allowance credits.

ETR and Discrete Items Interim input app (SSF0803 / SGF0803)

This input app allows you to adjust values to the regional interim current and deferred effective tax rates and enter current and deferred regional discrete items.

Tax Provision calculates the regional interim ETR After Adjustment based on the following:

start with net income/loss before tax adjusted

plus

regional interim adjusted current ETR

plus

regional interim adjusted deferred ETR

equals

regional current tax expense/benefit before discrete items

plus

regional current tax discrete items

plus

regional deferred tax discrete items

plus

regional system deferred tax discrete items

plus

regional valuation allowance

equals

total regional interim provision tax

divided by

net income/loss before tax adjusted

equals

regional interim ETR after adjustment

To update the ETR and Discrete Items Interim input app:

  1. In the Tax Provision navigation pane, click Data Collection.
  2. Expand Multi-Regional Interim.
  3. Do one of the following:
    1. For Separate Nexus Regions:
      1. Expand Separate.
      2. Use the drop-down list or the symbol selector to select the appropriate entity. For more information, see Using the Symbol Selector.
      3. Click SSF0803 - ETR and Discrete Items Interim. The input app opens in the workspace. Regions with which the entity has separate nexus are displayed as columns above the current year element.
    2. For Group Nexus Regions:
      1. Expand Group.
      2. Use the drop-down list or the symbol selector to select the appropriate region. For more information, see Using the Symbol Selector.
      3. Click SGF0803 - ETR and Discrete Items Interim. If the region contains multiple regional groups, you will be prompted to select one. The input app opens in the workspace. If the regional group contains multiple currencies, each currency is displayed in a separate tab. Entities in the group are displayed as columns, above the current year element.
  4. Update the appropriate accounts.
  5. When you are finished, click Submit.

Forecast Tax Expense report (SF0802R / SF0802S / SF0802G)

This report is the interim ETR before adjustments. It contains the same account symbols as the “Statutory Effective Tax Rate report (SA0501R / SA0501S / SA0501G)”. The Elements (across) represent the forecasted values.

Note: For more information on reports, see Working with Reports.

This report contains the following symbols in the Elements dimension:

Element symbol Description

GrsCY_ASC — Current Year

This column represents the current year column in the regional current provision forecast.

GrsCYIP_ASC — Interim Current Year

This column represents the interim adjustment column in the regional current provision forecast for the adjustment to estimate the full year forecasted current tax expense.

GrsCYFcst_ASC — Forecast Current Year

This column represents the full year forecasted regional current tax expense.

GrsCYCur_ASC — Current

This column represents the current year column in the regional current provision forecast adjusted for amounts that impact the full year forecasted current tax provision.

GrsCYCurIP_ASC — Interim Current

This column represents the interim adjustment column in the regional current provision forecast adjusted for amounts that impact the full year forecasted current tax provision.

GrsCYCurFcst_ASC — Forecast Current

This column is the sum of GrsCYCur_ASC — Currentand GrsCYCurIP_ASC — Interim Current. This column represents the full year regional current tax expense forecast as adjusted for amounts that impact the full year forecasted regional current tax provision.

GrsCYDfd — Deferred

This column represents the actual national deferred tax provision elements in the deferred tax rollforward adjusted for amounts that impact the full year forecasted regional deferred tax provision.

GrsCYDfdIP_ASC — Interim Deferred

This column represents the interim national deferred tax provision elements in the deferred tax rollforward forecast adjusted for amounts that impact the full year forecasted regional deferred tax provision.

GrsCYDfdFcst — Forecast Deferred

This column is the sum of GrsCYDfd — Deferred and GrsCYDfdIP_ASC — Interim Deferred. This column represents the full year forecasted regional deferred tax expense adjusted for amounts that impact the full year forecasted regional deferred tax provision.

GrsCYCurDfdFcstT_ASC — Forecast Current Year

This is the sum of GrsCYCurFcst_ASC — Forecast Current and GrsCYDfdFcst — Forecast Deferred. This column represents the total forecasted regional tax provision (i.e. Current plus Deferred).

To review the Forecast Tax Expense report:

  1. In the Tax Provision navigation pane, click Reports.
  2. Do one of the following:
    1. To view all regions report:
      1. Expand All Regions.
      2. Use the drop-down list or the symbol selector to select the appropriate entity. For more information, see Using the Symbol Selector.
      3. Click SF0802R – Forecast Tax Expense. The report opens in the workspace. Regions with which the entity has nexus are displayed as columns above the interim elements. The total of all regions is also displayed.
    2. To view the separate regions report:
      1. Expand Separate.
      2. Use the drop-down list or the symbol selector to select the appropriate entity. For more information, see Using the Symbol Selector.
      3. Click SF0802S – Forecast Tax Expense. The report opens in the workspace. Regions with which the entity has separate nexus are displayed as columns above the forecast elements. The total of the separate regions is also displayed.
    3. To view the group regions report:
      1. Expand Group.
      2. Use the drop-down list or the symbol selector to select the appropriate region. For more information, see Using the Symbol Selector.
      3. Click SF0802G – Forecast Tax Expense. The report opens in the workspace. The selected region is displayed as a column above the regional groups within the selected region. Below each regional group the interim elements are displayed.
  3. Review the following values:

    1. RegINCTB — Regional Tax Base: Beginning regional amount from the national forecast tax process.

    2. RPerm — Regional Permanent Differences: Total regional permanent differences.

    3. RegNLossT — Total Regional Net Operating Loss: Total regional net operating loss.

    4. RegTaxIncome — Regional Taxable Income/(Loss) after Net Operating Losses: Sum of above symbols.

    5. RegCYR — Regional Tax Rate - CYR: From the Tax Rates input app (XRC0201 or XRC1201).

    6. RegCur_ASC — Regional Current Provision: Regional current provision.

    7. RegTaxCrT — Total Regional Tax Credits: Total regional tax credits.

    8. RegAddPRV_ASC — Regional Additional Provision Items: Total Regional additional provision items.

    9. RegValAllowCHF — Change in Valuation Allowance (Regional): The change in the regional valuation allowance deferred tax accounts from the beginning of the year to the end of the period excluding any adjustments that do not have an impact on the provision.

    10. RegAddTotalS_ASC — Regional Additional Total Provision – System: Sum of all system regional additional provision items.

    11. RegIP_ASC — Regional Total Provision - Current and Deferred: Total regional interim provision.

    12. RegIPETRB4 — Regional Interim ETR Before Adjustment: Regional interim ETR before adjustments.

ETR and Discrete Items Interim report (SF0803R / SF0803S / SF0803G)

Use this report to view the regional effective tax rate after adjusting the current and deferred effect tax rates and adding discrete items.

Note: For more information on reports, see Working with Reports.

Tax Provision calculates the Regional Interim ETR After Adjustment based on the following:

Start with net income before tax as adjusted

multiplied by

current annualized ETR

equals

current tax expense for adjusting for discrete tax amounts

plus

current discrete tax amounts

equals

Total Current Tax Expense

plus

net income before tax adjusted

multiplied by

the deferred annualized effective tax rate

equals

the deferred tax expense before adjusting for discrete tax amounts

plus

deferred discrete tax amounts

equals

Total Deferred Tax Expense

Total Annualized ETR Calculation:

Start with Total Current Tax Expense

plus

Total Deferred Tax Expense

equals

Total Tax Expense

Divided by

net income before tax adjusted

equals

Total Annualized ETR

To review the ETR and Discrete Items Interim report:

  1. In the Tax Provision navigation pane, click Reports.
  2. Do one of the following:
    1. To view all regions report:
      1. Expand All Regions.
      2. Use the drop-down list or the symbol selector to select the appropriate entity. For more information, see Using the Symbol Selector.
      3. Click SF0803R ETR and Discrete Items Interim. The report opens in the workspace. Regions with which the entity has nexus are displayed as columns above the interim elements. The total of all regions is also displayed.
    2. To view the separate regions report:
      1. Expand Separate.
      2. Use the drop-down list or the symbol selector to select the appropriate entity. For more information, see Using the Symbol Selector.
      3. Click SF0803S – ETR and Discrete Items Interim. The report opens in the workspace. Regions with which the entity has separate nexus are displayed as columns above the forecast elements. The total of the separate regions is also displayed.
    3. To view the group regions report:
      1. Expand Group.
      2. Use the drop-down list or the symbol selector to select the appropriate region. For more information, see Using the Symbol Selector.
      3. Click SF0803G – ETR and Discrete Items Interim. The report opens in the workspace. The selected region is displayed as a column above the regional groups within the selected region. Below each regional group the interim elements are displayed.
  3. Review the account values for each appropriate account.
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