Reviewing Temporary Difference Rollforward Activity

Once temporary difference rollforward activity has been updated in the Temporary Differences input app (NA0301), you can review the related reports.

Use the following table to determine the related reports to use for the temporary difference method used by your company:

Deferred Tax Proof report (NA0300)

If you are using the Temporary Difference method, you can use a deferred tax proof analysis to review national gross and deferred tax balances. To input data related to the Deferred Tax Proof, use the Temporary Differences input app (NA0301).

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

This report contains the Deferred Tax Proof elements.

To review the Deferred Tax Proof report:

1. In the Tax Provision navigation pane, click Reports.
2. Expand National Annual.
3. Use the drop-down list or the symbol selector to select the appropriate entity. For more information, see Using the Symbol Selector.
4. Click NA0300 - Deferred Tax Proof.rtp. The report opens in the workspace.
5. Review the account values for each appropriate element. For detailed information on the accounts in this report, see Temporary Differences input app (NA0301).

Temporary Differences report (NA0301)

If you are using the Temporary Difference method, you can use this report to review the gross temporary differences that are not automated in the system. Amounts include gross temporary differences, net operating losses, tax credits, federal or state credits, and the related valuation allowances. You can also review activity such as current year and prior year adjustments and non-provision items.

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

This report contains the Temporary Difference elements.

To review the Temporary Differences report:

1. In the Tax Provision navigation pane, click Reports.
2. Expand National Annual.
3. Use the drop-down list or the symbol selector to select the appropriate entity. For more information, see Using the Symbol Selector.
4. Click NA0301 - Temporary Differences.rtp. The report opens in the workspace.
5. Review the account values for each appropriate element. For more information on the accounts in this report, see Temporary Differences input app (NA0301).

Temporary Differences - Scheduling report (NA0302)

Use this report for any entities that schedule to review fluctuating deferred tax rates. The entire amount is defaulted to the fifth year. You can review the allocation across the other years, which allows Longview Tax to calculate the proper end of period deferred tax balance.

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

This report contains the Temporary Difference elements and the Scheduling elements.

To review the Temporary Differences - Scheduling report:

1. In the Tax Provision navigation pane, click Reports.
2. Expand National Annual.
3. Use the drop-down list or the symbol selector to select the appropriate entity. For more information, see Using the Symbol Selector.
4. Click NA0302 - Temporary Differences - Scheduling.rtp. The report opens in the workspace.
5. Review the account values for each appropriate element. For detailed information on the accounts in this report, see Temporary Differences input app (NA0301).

Temporary Differences - Balance Sheet Method report (NA0321)

Use this report to review the adjustments made to the automated amounts pre-tax income and permanent/temporary differences.

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

This report contains the Temporary Differences - Balance Sheet Method elements.

To review the Temporary Differences - Balance Sheet Method report:

1. In the Tax Provision navigation pane, click Reports.
2. Expand National Annual.
3. Use the drop-down list or the symbol selector to select the appropriate entity. For more information, see Using the Symbol Selector.
4. Click NA0321 - Temporary Differences - Balance Sheet Method.rtp. The report opens in the workspace.
5. Review the account values for each appropriate element. For information on the accounts in this report, see Temporary Differences input app (NA0301).

Temporary Differences - Scheduling - Balance Sheet Method report (NA0322)

For entities that use deferred tax scheduling, you can review the end of period gross temporary difference balance based on when the temporary difference is expected to reverse.

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

Use this report for any entities that schedule to review fluctuating deferred tax rates. The entire amount is defaulted to the fifth year. You can review the allocation across the other years, which allows Longview Tax to calculate the proper end of period deferred tax balance.

This report contains the Temporary Differences - Balance Sheet Method elements and the Scheduling elements.

To review the Temporary Differences - Scheduling - Balance Sheet Method report:

1. In the Tax Provision navigation pane, click Reports.
2. Expand National Annual.
3. Use the drop-down list or the symbol selector to select the appropriate entity. For more information, see Using the Symbol Selector.
4. Click NA0322 - Temporary Differences - Scheduling - Balance Sheet Method.rtp. The report opens in the workspace.
5. Review the account values for each appropriate element. For information on the accounts in this report, see Temporary Differences input app (NA0301).

Temporary Differences Classification report (NA0304)

This report shows the breakdown of the temporary differences into one of the following classifications:

• current asset
• current liability
• non-current asset
• non-current liability

The ending balance is considered an asset if:

• For all temporary differences except valuation allowances:

  GrsEOY_ASC > 0 or

  GrsEOY_ASC = 0 and GrsBOYA_ASC > 0 or

  GrsEOY_ASC = 0, GrsBOYA_ASC = 0, and GrsBOY_ASC > 0

• For valuation allowance accounts, the sign is reversed:

  GrsEOY_ASC < 0 or

  GrsEOY_ASC = 0 and GrsBOYA_ASC < 0 or

  GrsEOY_ASC = 0, GrsBOYA_ASC = 0, and GrsBOY_ASC < 0

Otherwise, the ending balance is considered a liability.

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

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

• GrsCA_ASC — CT Asset

  This column represents the amount of temporary differences classified as a current asset.

• GrsCL_ASC — CT Liability

  This column represents the amount of temporary differences classified as a current liability.

• GrsNA_ASC — NCT Asset

  This column represents the amount of temporary differences classified as a non-current asset.

• GrsNL_ASC — NCT Liability

  This column represents the amount of temporary differences classified as a non-current liability.

• GrsT_ASC — Total

  This column represents the total classification.

To review the Temporary Differences Classification report:

1. In the Tax Provision navigation pane, click Reports.
2. Expand National Annual.
3. Use the drop-down list or the symbol selector to select the appropriate entity. For more information, see Using the Symbol Selector.
4. Click NA0304 - Temporary Differences Classification.rtp. The report opens in the workspace.
5. Review the account values for each appropriate element. For detailed information on the accounts in this report, see Temporary Differences input app (NA0301).