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Completing The Multi-Regional Interim Tax Process

The following table outlines the ASC 740 interim tax process in Tax Multi Regional Provision:

Note: If an owner of a partnership is locked for input, the partnership calculations will fail if changes are submitted to the partnership entity. You can correct this by running the failed partnership calculations for the partnership entity from the Tax Calculations interface once the lock on the owner is released.

Step Input apps/reports to use...

  1. Update and review the regional forecast current provision.

  1. Update and review the regional forecast gross temporary difference rollforward activity.

  1. Review the Deferred Tax Rollforward regional forecast reports.

  1. Review the interim ETR and input discrete items.

  1. Review the forecast tax expense.
  • Forecast Tax Expense report (SF0802R / SF0802S / SF0802G)

  1. Review the consolidated current and deferred regional interim effective tax rates.

  1. Review the interim allocation.

Published:

Completing The Multi-Regional Interim Tax Process

The following table outlines the ASC 740 interim tax process in Tax Multi Regional Provision:

Note: If an owner of a partnership is locked for input, the partnership calculations will fail if changes are submitted to the partnership entity. You can correct this by running the failed partnership calculations for the partnership entity from the Tax Calculations interface once the lock on the owner is released.

Step Input apps/reports to use...

  1. Update and review the regional forecast current provision.

  1. Update and review the regional forecast gross temporary difference rollforward activity.

  1. Review the Deferred Tax Rollforward regional forecast reports.

  1. Review the interim ETR and input discrete items.

  1. Review the forecast tax expense.
  • Forecast Tax Expense report (SF0802R / SF0802S / SF0802G)

  1. Review the consolidated current and deferred regional interim effective tax rates.

  1. Review the interim allocation.

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