Reviewing The Reconciliation Report

After you review the regional total charge, you can use reports to ensure that the total for the current charge and deferred tax matches your regional statutory and effective tax rates.

Statutory Total Tax Charge Reconciliation report (RA1504)

Use this report to verify that the total of the regional actual current tax charge and regional deferred tax charge matches the total calculated for the regional statutory effective tax rate.

To review the regional total charge reconciliation:

1. In the Tax Provision navigation pane, click Reports.
2. Expand Regional 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 RA1504 - Statutory Total Tax Charge Reconciliation.rtp. The report opens in the workspace.
5. Verify that the value for the sum of the Regional Total Current Tax Charge and the Regional Deferred Taxes is equal to the value for the Regional Effective Tax Rate.