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Updating The Forecasted Regional Current Provision

The forecasted regional current provision is the sum of the current regional provision for the actual time period and the interim time period (remainder of the year).

For more information on the calculation used, see “Updating and reviewing the current regional provision”.

Current Provision Forecast Accounts

Symbol Description

MSP_NatTaxIncome_ASC — National Taxable Income/(Loss) Before Net Operating Losses and Regional Income Taxes

Automatically populated from the Current Provision input app (NA0201).

MSP_CharT_RM-Total Charitable Contributions Carryforward – Regional Modification

Expand to enter forecast for regional modifications to charitable contributions.

Note: These accounts will be protected from input if:

  • They are automated via Regional Modifications
  • You are using Blended Deferred for Regional Deferred Calculations

MSP_LTCapLossT_RM-Total Long term Capital Loss Carryforward - Regional Modification

Expand to enter forecast for regional modifications for long term capital losses.

Note: These accounts will be protected from input if:

  • They are automated via Regional Modifications
  • You are using Blended Deferred for Regional Deferred Calculations

MSP_NLossT_RM-Total Net Operating Loss - Regional Modification

Expand to enter forecast for regional modifications to net operating losses.

MSP_SpecDedM_RM- Special Deductions - Manual - Regional Modification

Enter forecast for regional modifications to additional deductions not included in income taxes or net operating losses.

RegIncTaxR — Regional Income Taxes Reversal

Calculated reversal of the regional income tax from the national provision.

RegIncTaxRCalc-Regional Income Tax Reversal MSP Auto Adj

Calculated reversal adjustment regional income tax from the national provision.

OthIncTaxR — Other Income Taxes Reversal

Use this symbol to reverse the other income tax from the national current provision.

RegIncTaxRAdj — Regional Income Taxes Reversal Adjustment

Use this symbol to forecast a manual adjustment to the regional income taxes reversal. 

RegPerm — Company-specific regional permanent differences

Company-specific adjustments to regional permanent differences.

RegEqPerm — Company-specific regional equity permanent differences

Company-specific adjustments to regional equity permanent differences.

RegOCIPerm — Company-specific regional OCI permanent differences

Company-specific adjustments to regional OCI permanent differences.

RegTemp — Company-specific regional temporary differences

Company-specific adjustments to regional temporary differences.

MSP_RegNLossT_Pre-Total Regional Net Operating Loss - Pre Apportionment

Expand to enter forecasted net operating losses (pre apportionment).

Note: These accounts will be protected from input if:

  • They are automated via Regional Modifications
  • You are using Blended Deferred for Regional Deferred Calculations

MSP_OtherAdjT_Pre-Other Pre-Apportionment Adjustments

Expand to enter forecasted other pre-apportionment adjustments.

Note: These accounts will be protected from input if:

  • They are automated via Regional Modifications

MSP_ApportionmentFactor-Apportionment Factor

Displays the apportionment factor for each region displayed.

Apportionment factor for blended deferred is always 100.

MSP_RegApportionedIncome_ASC-Apportioned Income

Displays the pre-tax income apportioned to the region calculated by the current provision calculation.

MSP_RegNLossT_Post-Total Regional Net Operating Loss - Post-Apportionment

Expand to enter forecasted net operating losses (post apportionment).

Note: These accounts will be protected from input if:

  • They are automated via Regional Modifications
  • You are using Blended Deferred for Regional Deferred Calculations

MSP_OtherAdjT_Post- Other Post-Apportionment Adjustments

Expand to enter forecasted other post-apportionment adjustments.

Note: These accounts will be protected from input if:

  • They are automated via Regional Modifications

REGCYR- Regional Tax Rate CYR

The regional tax rate.

RegCurrent_ASC- Regional Current Provision

The current provision, calculated by the current provision calculation.

MSP_TaxCrPrmT- Multi-Regional Total Tax Credits – Permanent

Expand to enter forecasted permanent tax credits.

Note: These accounts will be protected from input if:

  • They are automated via Regional Modifications

RegTaxCrT- Total Regional Tax Credits – Temporary

Expand to enter forecasted temporary tax credits.

Note: These accounts will be protected from input if:

  • They are automated via Regional Modifications
  • You are using Blended Deferred for Regional Deferred Calculations

MSP_RegOthTaxAdjT- Other Regional Taxes – Total

Expand to enter forecasted other regional taxes.

Note: These accounts will be protected from input if:

  • They are automated via Regional Modifications

MSP_RegAddPrvCur_ASC- Regional Additional Provision Items - Deductible at National Level

Expand to enter forecasted regional provision items, deductible at the national level.

Note: Some of these accounts are protected from input as they are calculated by the system.

RegAddCurrentM006_ASC — Regional Stock Based Compensation

Use this symbol to input any tax impact from Stock Based Compensation or Share Based Payments. This could represent an additional impact to the current income tax expense or a reduction of the current income tax expense for an amount that should impact OCI.

RegAddCurrentM007_ASC — Regional Tax Other Adjustments

Use this account to enter any other taxes (e.g. capital taxes, Texas Margin Tax, franchise taxes) that impacts the current tax provision and Effective Tax Rate report. The value in this account is entered on an after tax basis.

RegAddCurrentM001_ASC — Regional RAR - Current Tax Expense

Use this symbol to enter the Revenue Agent’s Report adjustment that impacts the current tax provision and Effective Tax Rate report. The value in this account is entered on an after tax basis. 

MSP_RegAddPrvNCD_ASC- Regional Additional Provision Items - Not Currently Deductible at National Level

Expand to enter forecasted regional provision items, not currently deductible at the national level.

Note: Some of these accounts are protected from input as they are calculated by the system.

RegAddCurrentM002A_ASC — UTP Tax - Permanent Differences - Regional

Use this symbol to manually enter the tax impact from regional level Uncertain Tax Positions (UTP) related to permanent differences. The value entered impacts the current tax provision and Effective Tax Rate report. The value in this account is entered on an after tax basis.

RegAddCurrentM002B_ASC — UTP Tax - Temporary Differences - Regional

Use this symbol to manually enter the tax impact from regional level Uncertain Tax Positions (UTP) related to temporary differences. The value entered impacts the current tax provision and Effective Tax Rate report. The value in this account is entered on an after tax basis.

RegAddCurrentM003_ASC — UTP Regional Interest

Use this symbol to manually enter the current period interest accrued related to regional level Uncertain Tax Positions (UTP). The value entered impacts the current tax provision and Effective Tax Rate report. The value in this account is entered on an after tax basis.

RegAddCurrentM005_ASC — UTP Regional Tax re: Interest Paid

Use this symbol to manually enter the current period interest paid related to regional level Uncertain Tax Positions (UTP). The value entered impacts the current tax provision and Effective Tax Rate report. The value in this account is entered on an after tax basis.

MSP_RegAddPrvND_ASC- Regional Additional Provision Items - Not Deductible at National Level

Expand to enter forecasted regional provision items, not deductible at the national level.

RegAddCurrentM004_ASC — UTP Regional Penalty

Use this symbol to manually enter the current period penalties related to regional level Uncertain Tax Positions (UTP). The value entered impacts the current tax provision and Effective Tax Rate report. The value in this account is entered on an after-tax basis.

Current Provision Forecast input app (SSF0201/SGF0201)

Use this input app to review and post adjustments to the automated pre-tax income and permanent and temporary difference amounts.

This input app includes Analyze functionality. For more information, see Analyzing data for automation source information.

Note: The group nexus regions input is not available if you are using the blended deferred approach to the regional deferred tax calculation method.

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

  • GrsCY_ASC — Current Year

    This symbol represents the current period.

  • GrsCYIP_ASC — Interim Current Year

    The symbol represents the Forecasted time period (for the remainder of the year).

  • GrsCYFcst_ASC — Forecast Current Year

    This symbol represents the Forecasted total for the current year.

  • GrsCYForecast_ASC — Forecast Current Year Input

    This column represents the input forecasted total for the current year.

To update the regional forecast current provision:

  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 SSF0201 - Current Provision Forecast. The input app opens in the workspace. Regions with which the entity has separate nexus are displayed as columns above the forecast elements. The total of the regions is also displayed; however, it will only be updated after submitting changes and refreshing.
    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 SGF0201 - Current Provision Forecast. 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 forecast elements.
  4. Update the appropriate accounts.

    Note: Values input in the Interim Current Year are adjustments to the results calculated from Forecast Current Year Input.

  5. When you are finished, click Submit.

Current Provision Forecast (SA0201R/SA0201S/SA0201G)

Use this report to review regional forecast current provision accounts.

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

This report contains the Forecast Current Year elements.

To review the regional Current Provision Forecast report:

  1. In the Tax Provision navigation pane, click Reports.
  2. Expand Multi-Regional Interim.
  3. 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 SF0201R - Current Provision Forecast. The report opens in the workspace. Regions with which the entity has nexus are displayed as columns above the forecast elements. The total of the 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 SF0201S - Current Provision Forecast. 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 SF0201G - Current Provision Forecast. 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 forecast elements are displayed.
  4. Review the appropriate accounts. For information on the accounts in this report, see Current Provision Forecast input app (SSF0201 / SGF0201).
Published:

Updating The Forecasted Regional Current Provision

The forecasted regional current provision is the sum of the current regional provision for the actual time period and the interim time period (remainder of the year).

For more information on the calculation used, see “Updating and reviewing the current regional provision”.

Current Provision Forecast Accounts

Symbol Description

MSP_NatTaxIncome_ASC — National Taxable Income/(Loss) Before Net Operating Losses and Regional Income Taxes

Automatically populated from the Current Provision input app (NA0201).

MSP_CharT_RM-Total Charitable Contributions Carryforward – Regional Modification

Expand to enter forecast for regional modifications to charitable contributions.

Note: These accounts will be protected from input if:

  • They are automated via Regional Modifications
  • You are using Blended Deferred for Regional Deferred Calculations

MSP_LTCapLossT_RM-Total Long term Capital Loss Carryforward - Regional Modification

Expand to enter forecast for regional modifications for long term capital losses.

Note: These accounts will be protected from input if:

  • They are automated via Regional Modifications
  • You are using Blended Deferred for Regional Deferred Calculations

MSP_NLossT_RM-Total Net Operating Loss - Regional Modification

Expand to enter forecast for regional modifications to net operating losses.

MSP_SpecDedM_RM- Special Deductions - Manual - Regional Modification

Enter forecast for regional modifications to additional deductions not included in income taxes or net operating losses.

RegIncTaxR — Regional Income Taxes Reversal

Calculated reversal of the regional income tax from the national provision.

RegIncTaxRCalc-Regional Income Tax Reversal MSP Auto Adj

Calculated reversal adjustment regional income tax from the national provision.

OthIncTaxR — Other Income Taxes Reversal

Use this symbol to reverse the other income tax from the national current provision.

RegIncTaxRAdj — Regional Income Taxes Reversal Adjustment

Use this symbol to forecast a manual adjustment to the regional income taxes reversal. 

RegPerm — Company-specific regional permanent differences

Company-specific adjustments to regional permanent differences.

RegEqPerm — Company-specific regional equity permanent differences

Company-specific adjustments to regional equity permanent differences.

RegOCIPerm — Company-specific regional OCI permanent differences

Company-specific adjustments to regional OCI permanent differences.

RegTemp — Company-specific regional temporary differences

Company-specific adjustments to regional temporary differences.

MSP_RegNLossT_Pre-Total Regional Net Operating Loss - Pre Apportionment

Expand to enter forecasted net operating losses (pre apportionment).

Note: These accounts will be protected from input if:

  • They are automated via Regional Modifications
  • You are using Blended Deferred for Regional Deferred Calculations

MSP_OtherAdjT_Pre-Other Pre-Apportionment Adjustments

Expand to enter forecasted other pre-apportionment adjustments.

Note: These accounts will be protected from input if:

  • They are automated via Regional Modifications

MSP_ApportionmentFactor-Apportionment Factor

Displays the apportionment factor for each region displayed.

Apportionment factor for blended deferred is always 100.

MSP_RegApportionedIncome_ASC-Apportioned Income

Displays the pre-tax income apportioned to the region calculated by the current provision calculation.

MSP_RegNLossT_Post-Total Regional Net Operating Loss - Post-Apportionment

Expand to enter forecasted net operating losses (post apportionment).

Note: These accounts will be protected from input if:

  • They are automated via Regional Modifications
  • You are using Blended Deferred for Regional Deferred Calculations

MSP_OtherAdjT_Post- Other Post-Apportionment Adjustments

Expand to enter forecasted other post-apportionment adjustments.

Note: These accounts will be protected from input if:

  • They are automated via Regional Modifications

REGCYR- Regional Tax Rate CYR

The regional tax rate.

RegCurrent_ASC- Regional Current Provision

The current provision, calculated by the current provision calculation.

MSP_TaxCrPrmT- Multi-Regional Total Tax Credits – Permanent

Expand to enter forecasted permanent tax credits.

Note: These accounts will be protected from input if:

  • They are automated via Regional Modifications

RegTaxCrT- Total Regional Tax Credits – Temporary

Expand to enter forecasted temporary tax credits.

Note: These accounts will be protected from input if:

  • They are automated via Regional Modifications
  • You are using Blended Deferred for Regional Deferred Calculations

MSP_RegOthTaxAdjT- Other Regional Taxes – Total

Expand to enter forecasted other regional taxes.

Note: These accounts will be protected from input if:

  • They are automated via Regional Modifications

MSP_RegAddPrvCur_ASC- Regional Additional Provision Items - Deductible at National Level

Expand to enter forecasted regional provision items, deductible at the national level.

Note: Some of these accounts are protected from input as they are calculated by the system.

RegAddCurrentM006_ASC — Regional Stock Based Compensation

Use this symbol to input any tax impact from Stock Based Compensation or Share Based Payments. This could represent an additional impact to the current income tax expense or a reduction of the current income tax expense for an amount that should impact OCI.

RegAddCurrentM007_ASC — Regional Tax Other Adjustments

Use this account to enter any other taxes (e.g. capital taxes, Texas Margin Tax, franchise taxes) that impacts the current tax provision and Effective Tax Rate report. The value in this account is entered on an after tax basis.

RegAddCurrentM001_ASC — Regional RAR - Current Tax Expense

Use this symbol to enter the Revenue Agent’s Report adjustment that impacts the current tax provision and Effective Tax Rate report. The value in this account is entered on an after tax basis. 

MSP_RegAddPrvNCD_ASC- Regional Additional Provision Items - Not Currently Deductible at National Level

Expand to enter forecasted regional provision items, not currently deductible at the national level.

Note: Some of these accounts are protected from input as they are calculated by the system.

RegAddCurrentM002A_ASC — UTP Tax - Permanent Differences - Regional

Use this symbol to manually enter the tax impact from regional level Uncertain Tax Positions (UTP) related to permanent differences. The value entered impacts the current tax provision and Effective Tax Rate report. The value in this account is entered on an after tax basis.

RegAddCurrentM002B_ASC — UTP Tax - Temporary Differences - Regional

Use this symbol to manually enter the tax impact from regional level Uncertain Tax Positions (UTP) related to temporary differences. The value entered impacts the current tax provision and Effective Tax Rate report. The value in this account is entered on an after tax basis.

RegAddCurrentM003_ASC — UTP Regional Interest

Use this symbol to manually enter the current period interest accrued related to regional level Uncertain Tax Positions (UTP). The value entered impacts the current tax provision and Effective Tax Rate report. The value in this account is entered on an after tax basis.

RegAddCurrentM005_ASC — UTP Regional Tax re: Interest Paid

Use this symbol to manually enter the current period interest paid related to regional level Uncertain Tax Positions (UTP). The value entered impacts the current tax provision and Effective Tax Rate report. The value in this account is entered on an after tax basis.

MSP_RegAddPrvND_ASC- Regional Additional Provision Items - Not Deductible at National Level

Expand to enter forecasted regional provision items, not deductible at the national level.

RegAddCurrentM004_ASC — UTP Regional Penalty

Use this symbol to manually enter the current period penalties related to regional level Uncertain Tax Positions (UTP). The value entered impacts the current tax provision and Effective Tax Rate report. The value in this account is entered on an after-tax basis.

Current Provision Forecast input app (SSF0201/SGF0201)

Use this input app to review and post adjustments to the automated pre-tax income and permanent and temporary difference amounts.

This input app includes Analyze functionality. For more information, see Analyzing data for automation source information.

Note: The group nexus regions input is not available if you are using the blended deferred approach to the regional deferred tax calculation method.

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

  • GrsCY_ASC — Current Year

    This symbol represents the current period.

  • GrsCYIP_ASC — Interim Current Year

    The symbol represents the Forecasted time period (for the remainder of the year).

  • GrsCYFcst_ASC — Forecast Current Year

    This symbol represents the Forecasted total for the current year.

  • GrsCYForecast_ASC — Forecast Current Year Input

    This column represents the input forecasted total for the current year.

To update the regional forecast current provision:

  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 SSF0201 - Current Provision Forecast. The input app opens in the workspace. Regions with which the entity has separate nexus are displayed as columns above the forecast elements. The total of the regions is also displayed; however, it will only be updated after submitting changes and refreshing.
    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 SGF0201 - Current Provision Forecast. 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 forecast elements.
  4. Update the appropriate accounts.

    Note: Values input in the Interim Current Year are adjustments to the results calculated from Forecast Current Year Input.

  5. When you are finished, click Submit.

Current Provision Forecast (SA0201R/SA0201S/SA0201G)

Use this report to review regional forecast current provision accounts.

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

This report contains the Forecast Current Year elements.

To review the regional Current Provision Forecast report:

  1. In the Tax Provision navigation pane, click Reports.
  2. Expand Multi-Regional Interim.
  3. 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 SF0201R - Current Provision Forecast. The report opens in the workspace. Regions with which the entity has nexus are displayed as columns above the forecast elements. The total of the 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 SF0201S - Current Provision Forecast. 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 SF0201G - Current Provision Forecast. 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 forecast elements are displayed.
  4. Review the appropriate accounts. For information on the accounts in this report, see Current Provision Forecast input app (SSF0201 / SGF0201).
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