Updating And Reviewing Gross Temporary Difference Rollforward Activity

Tax Provision is set up to maintain and automate, where possible, the rollforward of each legal entity’s detailed gross temporary differences by disclosure category. Beginning of year gross temporary differences are rolled over from the prior year end. These values are then adjusted for current year adjustments, return to tax charge, and various other automated and manual adjustments.

Tax Provision calculates the cumulative translation amount by temporary difference for legal entities that use a different functional currency than the currency used for consolidated reporting.

Understanding Elements for temporary differences

The elements in the Temporary Differences input app (NA1301) change depending on the method you are using.

Deferred Tax Proof elements

If you are using the Temporary Difference method, you can use a deferred tax proof analysis to view national gross and deferred tax balances. This process allows you to define the accounting basis, the tax basis, and the portion that may be permanent in nature. The system then uses this information to calculate the ending cumulative temporary difference.

If you are using the Temporary Difference method, the following elements appear in the input app:

• GrsTD_Accounting_Calc_IAS — Accounting Basis - Calc

  This element represents the calculated ending accounting basis for a temporary difference or other carryforward account based on the deferred tax automation settings.

• GrsTD_Accounting_Adj_IAS — Accounting Basis - Adj

  If you are automating the ending accounting basis, you can use this element to adjust the value in the calculated element. If you are not automating the accounting basis, use this element to input the ending accounting basis value.

• GrsTD_AccountingTotal_IAS — Accounting Total

  This element represents the sum of GrsTD_Accounting_Calc_IAS and GrsTD_Accounting_Adj_IAS.

• GrsTD_Tax_Calc_IAS — STAT/Tax Basis - Calc

  This element represents the calculated ending tax basis for a temporary difference or other carryforward account based on the deferred tax automation settings.

• GrsTD_Tax_Adj_IAS — STAT/Tax Basis - Adj

  Use this element to adjust the value in the calculated element or input the ending tax basis value.

• GrsTD_TaxTotal_IAS — STAT/Tax Basis - Total

  This element represents the sum of GrsTD_Tax_Calc_IAS and GrsTD_Tax_Adj_IAS.

• GrsTD_BasisDifference_IAS — Basis Difference

  This element represents the value in element GrsTD_TaxTotal_IASless the value in GrsTD_AccountingTotal_IAS.

• GrsTD_PermBasis_IAS — Permanent Component

  Use this element to enter the portion of the difference between the ending tax basis and accounting basis that is permanent in nature.

• GrsTD_TemporaryDifference_IAS — Total Temporary Difference

  This element represents the value in element GrsTD_BasisDifference_IAS less the value in the permanent portion element.

• GrsURC_IAS — Unrecognisable

  This column represents the unrecognisable temporary difference amount in GrsUR_IAS, which flows from the Temporary Differences Recognised report (NA1306), multiplied by -1.

• GrsTD_TemporaryDifferenceR_IAS — Recognised Temporary Difference

  This column represents the total recognised portion of temporary differences and is the value in element GrsTD_TemporaryDifference_IAS less the amount in GrsURC_IAS.

Temporary Difference elements

If you are using the Temporary Difference method, the following elements appear in the input app:

• CURNONCUR — Current or Non-Current

  This column identifies the temporary difference account as current or non-current.

• GrsBOY_IAS — Opening Balance

  This column represents the ending gross temporary difference of the prior year end. It is populated through the annual and monthly rollover process.

• GrsPYAdj_IAS — Prior Year Adjustments

  Use this column to enter prior year adjustments relating to individual temporary differences when the detailed prior year adjustment true-up method is not adopted.

• GrsRTPCurDfd_IAS — True Up

  This column represents the current year true-up from the Prior Year Adjustment input app (NA1101). The tax impact of this adjustment is treated as an adjustment that impacts the deferred charge with an equal but opposite adjustment to the current tax charge. Amounts in this column do not impact the overall tax charge or effective tax rate. This column is automated from the Return to Provision column in the Prior Year Adjustment input app (NA1101).

• GRSPYT_IAS — Prior Year Adjustments

  This column represents total prior year adjustments and is calculated.

• GrsBOYA_IAS — Opening Balance as Adjusted

  This column represents total opening balance as adjusted and is the sum of GrsBOY_IAS and GRSPYT_IAS.

• GrsAcqPR_IAS — Acquisitions

  Prior This column represents gross temporary differences acquired during the previous year. This adjustment impacts only the deferred tax balance and not the deferred charge.

• GrsAcqCur_IAS — Acquisitions Gross

  This column represents the temporary differences acquired. The tax impact of this is a non-tax charge adjustment and has no impact on the total tax charge. This element is used to record current period acquisitions entered in the Acquisitions input app (NA1303). The tax impact of this amount is reflected in symbol NetNAcqCur_IAS on the Deferred Tax Account report (NA1401).

• GrsAcq_IAS — Acquisitions

  This column represents the total acquisitions.

• GrsDisp_IAS — Disposals

  This column represents gross temporary differences that are disposed of during the year. This adjustment impacts only the deferred tax balance and not the deferred charge. You must enter values for this column manually.

• GrsCY_IAS — Current Year (Income Statement)

  This column represents the current year income statement activity for temporary differences. Enter the current year movement difference in the Current Tax Charge schedule and it automatically flows to the Temporary Difference elements.

• GrsCYOthCurDfd_IAS — Other Adjustments (CT & DT Impact)

  This column allows you to make adjustments to the gross temporary differences other than the current year or true-up adjustments. This adjustment impacts both current and deferred charges with an equal but opposite adjustment to the current tax charge. As a result, amounts entered into this column do not impact flow to the overall tax charge or Effective Tax Rate report. You must enter values for this column manually.

• GrsCYOthDfd_IAS — Other Adjustments (DT Impact)

  This column allows you to make adjustments to the gross temporary difference other than the current year or true-up adjustments. The tax impact of this adjustment is treated as a deferred only tax charge adjustment and flows into the Effective Tax Rate report. You must enter values for this column manually.

• GrsCYTrfr_IAS — Transfers

  This column represents transfers of gross temporary differences, which you can use to transfer temporary differences between entities, reclass temporary differences between current and non-current accounts, or for other reasons. You must enter values for this column manually.

• GrsCYT_IAS — Total Current Year Movement

  This column represents the total current year movement and is the sum of GrsCY_IAS, GrsCYOthCurDfd_IAS, GrsCYOthDfd_IAS, and GrsCYTrfr_IAS.

• GrsEq_IAS — Equity

  This column represents equity temporary difference movements. The tax impact of this adjustment is treated as a deferred-only adjustment. You must enter values for this column manually.

• GrsRTPEqCurDfd_IAS — True-up (CT & DT Impact of Equity Items)

  This column represents the current year true-up from the Prior Year Adjustment input app (NA1101) IFRS equity adjustment accounts. The adjustment impacts both current and deferred charges.

• GrsEQOth_IAS — Other Equity

  This column allows you to track other equity temporary difference movements. The tax impact of this adjustment is treated as a deferred only adjustment.

• GrsEqT_IAS — Total Equity

  This column represents total equity and is the sum of GrsEq_IAS, GrsRTPEqCurDfd_IAS, and GrsEQOth_IAS.

• GrsOCI_IAS — OCI

  Use this column to enter OCI temporary difference movements for accounts classified as OCI. The tax impact of this adjustment is treated as a deferred only adjustment.

• GrsRTPOCICurDfd_IAS — True Up (CT & DT Impact of OCI Items)

  This column represents the current year true-up from the Prior Year Adjustment input app (NA1101) IFRS OCI adjustment accounts. The adjustment impacts both current and deferred charges.

• GrsOCIOth_IAS — Other OCI

  Use this column to track other OCI temporary difference movements. The tax impact of this adjustment is treated as a deferred only adjustment.

• GrsCTABOY_IAS — Exchange Difference (Opening Balance)

  This column is populated when viewing a translated currency for the entity. It is calculated on the difference between the beginning of year deferred tax asset / (liability) translated at the beginning of year spot rate and the end of year average rate.

• GrsCTACY_IAS — Exchange Difference (Movement)

  This column is populated when viewing a translated currency for the entity. It is calculated on the difference between the end of year deferred tax asset / (liability) is translated at the end of year spot rate, the current year activity related to the deferred tax asset / (liability) is based on the average rate and the end of year average rate.

• GrsOCIT_IAS — Total OCI

  This is the total OCI amount.

• GrsUDiffEq_IAS — Unexplained - Impact Provision

  This column represents the unexplained difference amount required to arrive at your tax basis difference.

  Note: This column applies to Income accounts only.

  The value in this column equals the expected ending balance minus the tax basis balance sheet adjustment less any activity already input or any activity automatically populated within the gross temporary difference rollforward for each temporary difference.

  A value is present in this column if the automate temporary difference ending balances process is selected for the entity and the temporary difference account is also using the automate current tax amounts process for the same temporary difference account.

  Any remaining value in this column should be classified using one of the various activity columns provided as part of the gross temporary difference rollforward.

  This column automatically updates as data is submitted to the other gross temporary difference columns, ensuring that the ending balance is based on the expected ending balance less the tax basis balance sheet adjustment.

• GrsUDiffEq_IAS — Unexplained - Equity

  This column represents the unexplained difference amount required to arrive at your tax basis difference.

  Note: This column applies to Equity accounts only.

  The value in this column equals the expected ending balance minus the tax basis balance sheet adjustment less any activity already input or any activity automatically populated within the gross temporary difference rollforward for each temporary difference.

  A value is present in this column if the automate temporary difference ending balances process is selected for the entity and the temporary difference account is also using the automate current tax amounts process for the same temporary difference account.

  Any remaining value in this column should be classified using one of the various activity columns provided as part of the gross temporary difference rollforward.

  This column automatically updates as data is submitted to the other gross temporary difference columns, ensuring that the ending balance is based on the expected ending balance less the tax basis balance sheet adjustment.

• GrsEOY_IAS — Ending Balance - Unadjusted

  This column represents the gross temporary difference balance at the end of the year and is the sum of GrsBOYA_IAS, GrsAcq_IAS, GrsDisp_IAS, GrsCYT_IAS, and GrsEqT_IAS.

Temporary Differences - Balance Sheet Method elements

Use these elements to enter the gross temporary difference rollforward activity, net operating tax losses, and tax credits. If you are using the Balance Sheet method, the following elements appear in the app:

• GrsBOY_IAS — Opening Balance

  This column represents the ending gross temporary difference of the prior year end. It is populated through the annual and monthly rollover process.

• GrsPYAdj_IAS — Prior Year Adjustments

  Use this column to enter prior year adjustments relating to individual temporary differences when the detailed prior year adjustment true-up method is not adopted.

• GrsRTPCurDfd_IAS — True Up

  This column represents the current year true-up from the Prior Year Adjustment input app (NA1101). The tax impact of this adjustment is treated as an adjustment that impacts the deferred charge with an equal but opposite adjustment to the current tax charge. Amounts in this column do not impact the overall tax charge or effective tax rate. This column is automated from the Return to Provision column in the Prior Year Adjustment input app(NA1101).

• GRSPYT_IAS — Prior Year Adjustments

  This column represents total prior year adjustments and is calculated.

• GrsBOYA_IAS — Opening Balance as Adjusted

  This column represents total opening balance as adjusted and is the sum of GrsBOY_IAS and GRSPYT_IAS.

• GrsAcqPR_IAS — Acquisitions Prior

  This column represents gross temporary differences acquired during the previous year. This adjustment impacts only the deferred tax balance and not the deferred charge.

• GrsAcqCur_IAS — Acquisitions Gross

  This column represents the temporary differences acquired. The tax impact of this amount is reflected in symbol NetNAcqCur_IAS on the Deferred Tax Account report (NA1401). The tax impact of this is a non-tax charge adjustment and has no impact on the total tax charge. This element is used to record current period acquisitions entered in the Acquisitions input app (NA1303).

• GrsAcq_IAS — Acquisitions

  This column represents the total acquisitions.

• GrsDisp_IAS — Disposals

  This column represents gross temporary differences that are disposed of during the year. This adjustment impacts only the deferred tax balance and not the deferred charge. You must enter values for this column manually.

• GrsCY_IAS — Current Year (Income Statement)

  This column represents the current year income statement activity for temporary differences. Enter the current year movement difference in the Current Tax Charge input app (NA1201) and it automatically flows to the Temporary Difference elements.

• GrsCYOthCurDfd_IAS — Other Adjustments (CT & DT Impact)

  This column allows you to make adjustments to the gross temporary differences other than the current year or true-up adjustments. This adjustment impacts both current and deferred charges with an equal but opposite adjustment to the current tax charge. As a result, amounts entered into this column do not impact flow to the overall tax charge or Effective Tax Rate report. You must enter values for this column manually.

• GrsCYOthDfd_IAS — Other Adjustments (DT Impact)

  This column allows you to make adjustments to the gross temporary difference other than the current year or true-up adjustments. The tax impact of this adjustment is treated as a deferred only tax charge adjustment and flows into the Effective Tax Rate report. You must enter values for this column manually.

• GrsCYTrfr_IAS — Transfers

  This column represents transfers of gross temporary differences, which you can use to transfer temporary differences between entities, reclass temporary differences between current and non-current accounts, or for other reasons. You must enter values for this column manually.

• GrsCYT_IAS — Total Current Year Movement

  This column represents the total current year movement and is the sum of GrsCY_IAS, GrsCYOthCurDfd_IAS, GrsCYOthDfd_IAS, and GrsCYTrfr_IAS.

• GrsEq_IAS — Equity

  This column represents equity temporary difference movements. The tax impact of this adjustment is treated as a deferred-only adjustment. You must enter values for this column manually.

• GrsRTPEqCurDfd_IAS — True-up (CT & DT Impact of Equity Items)

  This column represents the current year true-up from the Prior Year Adjustment input app (NA1101) IFRS equity adjustment accounts. The adjustment impacts both current and deferred charges.

• GrsEQOth_IAS — Other Equity

  This column allows you to track other equity temporary difference movements. The tax impact of this adjustment is treated as a deferred only adjustment.

• GrsEqT_IAS — Total Equity

  This column represents total equity and is the sum of GrsEq_IAS, GrsRTPEqCurDfd_IAS, and GrsEQOth_IAS.

• GrsOCI_IAS — OCI

  Use this column to enter OCI temporary difference movements for accounts classified as OCI. The tax impact of this adjustment is treated as a deferred only adjustment.

• GrsRTPOCICurDfd_IAS — True Up (CT & DT Impact of OCI Items)

  This column represents the current year true-up from the Prior Year Adjustment input app (NA1101) IFRS OCI adjustment accounts. The adjustment impacts both current and deferred charges.

• GrsOCIOth_IAS — Other OCI

  Use this column to track other OCI temporary difference movements. The tax impact of this adjustment is treated as a deferred only adjustment.

• GrsCTABOY_IAS — Exchange Difference (Opening Balance)

  This column is populated when viewing a translated currency for the entity. It is calculated on the difference between the beginning of year deferred tax asset / (liability) translated at the beginning of year spot rate and the end of year average rate.

• GrsCTACY_IAS — Exchange Difference (Movement)

  This column is populated when viewing a translated currency for the entity. It is calculated on the difference between the end of year deferred tax asset / (liability) is translated at the end of year spot rate, the current year activity related to the deferred tax asset / (liability) is based on the average rate and the end of year average rate.

• GrsOCIT_IAS — Total OCI

  This is the total OCI amount.

• GrsUDiffEq_IAS — Unexplained - Impact Provision
  This column represents the unexplained difference amount required to arrive at your tax basis difference.

  Note: This column applies to Income accounts only.

  The value in this column equals the expected ending balance minus the tax basis balance sheet adjustment less any activity already input or any activity automatically populated within the gross temporary difference rollforward for each temporary difference.

  A value is present in this column if the automate temporary difference ending balances process is selected for the entity and the temporary difference account is also using the automate current tax amounts process for the same temporary difference account.

  Any remaining value in this column should be classified using one of the various activity columns provided as part of the gross temporary difference rollforward.

  This column automatically updates as data is submitted to the other gross temporary difference columns, ensuring that the ending balance is based on the expected ending balance less the tax basis balance sheet adjustment.

• GrsUDiffEq_IAS — Unexplained - Equity

  This column represents the unexplained difference amount required to arrive at your tax basis difference.

  Note: This column applies to Equity accounts only.

  The value in this column equals the expected ending balance minus the tax basis balance sheet adjustment less any activity already input or any activity automatically populated within the gross temporary difference rollforward for each temporary difference.

  A value is present in this column if the automate temporary difference ending balances process is selected for the entity and the temporary difference account is also using the automate current tax amounts process for the same temporary difference account.

  Any remaining value in this column should be classified using one of the various activity columns provided as part of the gross temporary difference rollforward.

  This column automatically updates as data is submitted to the other gross temporary difference columns, ensuring that the ending balance is based on the expected ending balance less the tax basis balance sheet adjustment.

• GrsEOY_IAS — Ending Balance - Unadjusted

  This column represents the gross temporary difference balance at the end of the year and is the sum of GrsBOYA_IAS, GrsAcq_IAS, GrsDisp_IAS, GrsCYT_IAS, and GrsEqT_IAS.

• GrsTBBSAdj_IAS — Tax Basis Balance Sheet Adjustments

  This column represents an adjustment to the system-calculated value for the expected ending balance. This value is treated as a permanent adjustment and is not reflected as part of the ending gross temporary difference balance on which the deferred tax charge and deferred tax rollforward is prepared. This column is used when Temporary Difference Ending Balance Automation is selected. You must enter values for this symbol manually.

• GrsTBDiff_IAS — Tax Basis Difference

  This column represents the tax basis difference. This symbol is the sum of GrsEOY_IAS and GrsTBBSAdj_IAS.

• GrsEEB_IAS — Expected Ending Balance

  This column represents the expected total difference between the book basis and the tax basis. This value is calculated automatically when Temporary Differences Ending Balance Automation is selected. If any part of this total difference should not be included as part of the gross temporary difference rollforward, the difference should be entered in the tax basis balance sheet adjustment (GrsTBBSAdj_IAS).

  For more information, see the Longview Tax Administrator's Guide.

Temporary Differences - Recognised - Unrecognised elements

You can use the Temporary Difference - Recognised - Unrecognised elements to classify temporary differences between Unrecognisable, Short-term Recognisable, and Long-term Recognisable. The Short-term and Long-term Recognisable values are used to calculate the recognised temporary difference rollforward in the Temporary Differences Recognised report (NA1306).

The following elements appear in the input app:

• GrsEOY_IAS — Ending Balance - Unadjusted

  This column represents the total gross temporary difference ending balance at the end of the year from the Temporary Difference elements or Temporary Differences - Balance Sheet Method elements.

• TDClassOverride — Temporary Difference Classification Override

  This column represents the temporary difference classification override. This is used to override the global setting at an account level to indicate which of the following classification settings are automated:
  • Unrecognisable (NR)
  • Short-term Recognisable (ST)
  • Long-term Recognisable (LT)

• GrsUR_IAS_Input — Unrecognisable Amounts - Input

  This column is used to input the portion of the ending gross temporary difference balance that is unrecognisable.

  Note: If the value in element GrsEOY_IAS is less than 0, do not enter a value for this element.

• GrsUR_IAS_Calc — Unrecognisable Amounts - Calculated

  This column is calculated when either the Temporary Difference Classification Default system setting is set to NR or the setting in element TDClassOverride is set to NR for an account. The calculation is equal to the value in element GrsEOY_IAS less the elements GrsLTR_IAS, GrsSTR_IAS, and GrsUR_IAS_Input.

• GrsUR_IAS — Unrecognisable Amounts

  This column represents the unrecognisable temporary difference amounts and is the sum of elements GrsUR_IAS_Input and GrsUR_IAS_Calc.

• GrsSTR_IAS_Input — Short-term Recognisable in next 12 Months - Input

  This column is used to input the portion of the ending gross temporary difference balance that is short-term recognisable (recognisable within the next 12 months).

  Note: If the system setting Use Short-Term Classification (stored in the system attribute ASTaxUseSTClassification) is FALSE, do not enter a value in this column.

• GrsSTR_IAS_Calc — Short-term Recognisable in next 12 Months - Calculated

  This column is calculated when either the Temporary Difference Classification Default system setting is set to ST or the setting in element TDClassOverride is set to ST for an account. The calculation is equal to the value in element GrsEOY_IAS less the value in element GrsUR_IAS, GrsLTR_IAS, and GrsSTR_IAS_Input.

  Note: If the system setting Use Short-Term Classification (stored in the system attribute ASTaxUseSTClassification) is FALSE, do not enter a value in this column.

• GrsSTR_IAS — Short-term Recognisable in next 12 Months

  This column represents the short-term recognisable temporary difference amount and is the sum of elements GrsSTR_IAS_Input and GrsSTR_IAS_Calc.

• GrsLTR_IAS_Input — Long-term Recognisable after 12 Months - Input

  This column is used to input the portion of the ending gross temporary difference balance that is long-term recognisable (recognisable but not within the next 12 months).

• GrsLTR_IAS_Calc — Long-term Recognisable after 12 Months - Calculated

  This column is calculated when either the Temporary Difference Classification Default system setting is set to LT or the setting in element TDClassOverride is set to LT for an account. The calculation is equal to the value in element GrsEOY_IAS less the value in elements GrsUR_IAS, GrsSTR_IAS, and GrsLTR_IAS_Input.

• GrsLTR_IAS — Long-term Recognisable after 12 Months

  This column represents the long-term recognisable temporary difference amount and is the sum of elements GrsLTR_IAS_Input and GrsLTR_IAS_Calc.

• GrsTotR_IAS — Total Recognisable and Unrecognisable

  This column represents the gross total of the Unrecognisable, Short-term Recognisable, and Longterm Recognisable classifications.

Recognised Temporary Differences - Scheduling elements

For entities that use deferred tax scheduling, there is an additional step required in the gross temporary difference rollforward. You must schedule the end of period gross temporary difference balance based on when the temporary difference is expected to reverse.

Use these elements for any entities that schedule to account for fluctuating deferred tax rates. The entire amount is defaulted to the fifth year. In the Temporary Differences input app (NA1301), you can allocate across the other years, which allows Tax Provision to calculate the proper end of period deferred tax balance.

If you are using scheduling, the following elements appear in the app:

• GrsURC_IAS — Unrecognisable

  This column represents the unrecognisable temporary difference amount in GrsUR_IAS, which flows from the Temporary Difference elements or Temporary Differences - Balance Sheet Method elements, multiplied by -1.

• GrsEOYR_IAS — Ending Balance - Recognisable

  This column is the sum of GrsEOY_IAS and GrsURC_IAS. This value represents the recognisable gross temporary difference balance to be schedule.

• GrsEOY1_IAS — Recognised Amt Reversing in Year 1

  This column represents the amount reversing in the first year. You must enter values for this symbol manually.

• GrsEOY2_IAS — Recognised Amt Reversing in Year 2

  This column represents the amount reversing in the second year. You must enter values for this symbol manually.

• GrsEOY3_IAS — Recognised Amt Reversing in Year 3

  This column represents the amount reversing in the third year. You must enter values for this symbol manually.

• GrsEOY4_IAS — Recognised Amt Reversing in Year 4

  This column represents the amount reversing in the fourth year. You must enter values for this symbol manually.

• GrsEOY5_IAS — Recognised Amt Reversing in Year 5

  This column represents the end of year balance minus amounts reversing in prior years. This symbol is the difference of GrsEOY_IAS less GrsEOY1_IAS less GrsEOY2_IAS less GrsEOY3_IAS less GrsEOY4_IAS.

• GrsTYr_IAS — Total Amount Reversing Years

  This column represents the total amount reversing over the five year period.

Temporary Differences input app (NA1301)

Use this input app to manually enter 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 enter activity such as current year and prior year adjustments and non-provision items.

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

To update temporary differences:

1. In the Tax Provision navigation pane, click Data Collection.
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 NA1301 - Temporary Differences.lvapp. The input app opens in the workspace.
5. Expand the TempT — Total Temporary Differences category, and enter data for the following symbols:

   1. GTxxx — Company-specific: Company-specific temporary differences.

   2. STxxx — Company-specific: Company-specific STAT to Tax temporary differences.

6. Expand the LTCapLossT — Total Long Term Capital Loss Carryforward category, and enter data for the following symbols:

   1. LTCapLossNC — Long Term Capital Loss Carryforward - Non-Current: Non-current long term capital losses carried forward from the previous year.

   2. LTCapLossCY — Long Term Capital Loss Carryforward - Current: Current long term capital losses carried forward from the previous year.

7. Expand the TempNLossT — Total Temps and Tax Loss category, and enter data for the following symbols:

   1. NLossCYGA_IAS — Tax Loss - CY Generated - Adjustment: Manual adjustment for the calculated net operating loss.

   2. NLossCYU_IAS — Tax Loss - CY Utilized: Utilization of an existing net operating loss carryforward in the current period.

   3. NLossCA_IAS — Tax Loss - Consolidating Adjustment: Impact of any consolidated level adjustment to net operating losses at the legal entity level.

8. Expand the TaxCrPrmT — Total Tax Credits - Permanent category, and enter data for the following symbols:

   1. TaxCrForPrmM — Foreign Tax Credits - Permanent - Manual: Permanent national foreign tax credits

   2. NatTaxCrForPrmCY — Creditable Foreign Tax Credits – Permanent: Permanent creditable national foreign tax credits.

   3. NatTaxCrForPrmNC — Noncreditable Foreign Tax Credits - Permanent: Permanent non-creditable national foreign tax credits.

   4. TaxCrPrmOth — Other Tax Credits - Permanent – Manual: Other permanent national tax credits.

9. Expand the TaxCrT — Total Tax Credits - Temporary category, and enter data for the following symbols:

   1. TaxCrForM — Foreign Tax Credits - Temporary – Manual: Temporary national foreign tax credits.

   2. NatTaxCrForCY — Creditable Foreign Tax Credits - Temporary: Creditable national foreign tax credits.

   3. NatTaxCrForNC — Non-creditable Foreign Tax Credits - Temporary: Non-creditable national foreign tax credits.

   4. TaxCrAMT — US Alternative Minimum Tax: US Alternative Minimum Tax (AMT).

   5. GenBusCr — General Business Credits: General business credits.

   6. TaxCrOth — Other Tax Credits - Temporary - Manual: Other temporary national tax credits.

10. Expand the SBPT — SBP’s - Total category, and enter data for the following symbols:

    1. SBPIS — SBP’s – Income Statement: Share Based Payments – temporary difference income statement amounts.

    2. SBPEq — SBP’s – SORIE (equity): Share Based Payments – temporary difference equity/OCI amounts.

11. Expand the PensionT — Pensions – Total category, and enter data for the following symbols:

    1. PensIS_IAS — Pensions: Pensions – temporary difference income statement amounts..

    2. PensEQ_IAS — Pensions – SORIE: Pensions – temporary difference equity/other comprehensive income amounts.

12. When you are finished, click Submit.

Temporary Differences - Unrecognised Override input app (NA1301U)

Use this input app to adjust which balances are unrecognisable to force which elements will contain recognised temporary differences. This is useful when the recognised tenporary differences calculation creates amounts in many different elements and you want to force the recognised amounts into specific elements.

In order for the override to calculate you must enter values in the Unrecognised Value control that sum to an Ending Balance that matches the Unrecognisable amount in the Default control.

If the Ending Balance for Unrecognised Value does not match, a validation warning will be given. You may still submit the data, however the override calculation will not occur and the recognised amounts will remain unchanged. Validation checks occur when you click Submit. You can also manually request validation checks by clicking the Validate button in the toolbar.

Temporary Differences - Unrecognised Override report (NA1301U)

After data is entered into the Longview Tax database, you can use this report to review the default values and any unrecognised value overrides.

To review the Temporary Differences - Unrecognised Override 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 NA1301U - Temporary Differences – Unrecognised Override.rtp. The report opens in the workspace.
5. Review the account values for each appropriate element. For information on the elements in this report, see Understanding Elements for temporary differences.

   For information on the accounts, see Temporary Differences input app (NA1301).

Temporary Differences - Recognised - Unrecognised report (NA1305)

After data is entered into the Longview Tax database, you can use this report to review the classification of temporary differences between Unrecognisable, Short-term Recognisable, and Long-term Recognisable.

To review the Temporary Differences - Recognised - Unrecognised 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 NA1305 - Temporary Differences - Recognised - Unrecognised.rtp. The report opens in the workspace.
5. Review the account values for each appropriate element. For information on the elements in this report, see Temporary Differences Recognised report (NA1306).

   For information on the accounts, see Temporary Differences input app (NA1301).

Temporary Differences Recognised report (NA1306)

After data is entered into the Longview Tax database, you can use this report to review the recognised gross temporary difference rollforward. The recognised temporary difference rollforward contains similar elements to the Temporary Differences report (NA1301) but the values are different as they are the recognised portion only. This report is an important component of the Deferred Tax Not Recognised process and is used to calculate the values in the Deferred Tax Recognised report (NA1405).

The recognised portion is determined by the following components:

• The amount classified as short-term recognisable and long-term recognisable. These amounts in the Temporary Differences Recognised report (NA1306) determine the value in the ending recognised gross temporary different element (RecEOY_IAS).
• The Deferred Tax Recognised Method setting in the System Settings editor. This setting determines the process by which the recognised gross temporary difference columns are calculated. The process options are the following:
  • Proportional — This method first calculates the deferred tax recognised percentage. The deferred tax recognised percentage is determined by adding together the amounts classified as short-term recognisable and long-term recognisable, then dividing by the gross temporary difference ending balance found in GrsEOY_IAS in the Temporary Difference elements or Temporary Differences - Balance Sheet Method elements. This percentage is then multiplied by each element column in the Temporary Differences report (NA1301) and the value is populated into each correpsonding column of the NA1301 report. For the temporary differences, this calculated value is populated into only the calculated account, and no value exists in the adjustment account.
  • LIFO — This method fully recognises the values in the Temporary Differences report (NA1301), starting with the first element column (RecBOYA_IAS) until the value in the RecEOY_IAS column equals the total recognised balance. This total recognised balance equals the amounts classified as short-term recognisable and long-term recognisable in the Temporary Differences Recognised report (NA1306).
  • FIFO — This method fully recognises the values in the Temporary Differences report (NA1301), starting with the last element column (RecEQOth_IAS) until the value in the RecEOY_IAS column equals the total recognised balance. This total recognised balance equals the amounts classified as short-term recognisable and long-term recognisable in the Temporary Differences Recognised report (NA1306).

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

These columns are calculated by the method specified for the Deferred Tax Recognised Method setting in the System Settings editor, unless otherwise indicated:

• RecBOYR_IAS — Opening Balance - Recognised

  This column reflects the recognised portion of the total beginning of year balance, which flows from GrsBOY_IAS in the Temporary Difference elements or Temporary Differences – Balance Sheet Method elements.

• RecPYAdj_IAS — Prior Year Adjustments - Recognised

  This column reflects the recognised portion of the total prior year balance, which flows from GrsPYAdj_IAS in the Temporary Difference elements or Temporary Differences - Balance Sheet Method elements.

• RecRTPCurDfd_IAS — True Up - Recognised

  This column reflects the portion of the true-up balance, which flows from GrsRTPCurDfd_IAS in the Temporary Difference elements or Temporary Differences - Balance Sheet Method elements.

• RecPYT_IAS — Prior Year Adjustments - Recognised

  This column is calculated and is the sum of RecPYAdj_IAS and RecRTPCurDfd_IAS. RecBOYA_IAS — Opening Balance as Adjusted - Recognised This is the total recognised opening balance as adjusted. This value is calculated and is the sum of RecBOYA_IAS and RecPYT_IAS.

• RecAcqPR_IAS — Acquisitions Prior - Recognised

  This column reflects the recognised portion of the Acquisitions - Prior balance, which flows from GrsAcqPR_IAS in the Temporary Difference elements or Temporary Differences - Balance Sheet Method elements.

• RecAcqCur_IAS — Acquisitions - Gross - Recognised

  This column reflects the recognised portion of the Acquisitions - Gross balance, which flows from GrsAcqCur_IAS in the Temporary Difference elements or Temporary Differences - Balance Sheet Method elements.

• RecAcq_IAS — Acquisitions - Recognised

  This column is calculated and is the sum of RecAcqPR_IAS and RecAcqCur_IAS.

• RecDisp_IAS — Disposals - Recognised

  This column reflects the recognised portion of the Disposals balance, which flows from GrsDisp_IAS in the Temporary Difference elements or Temporary Differences - Balance Sheet Method elements.

• RecCY_IAS — Current Year (Income Statement) - Recognised

  This column reflects the recognised portion of the Current Year - Income balance, which flows from GrsCY_IAS in the Temporary Difference elements or Temporary Differences - Balance Sheet Method elements.

• RecCYOthCurDfd_IAS — Other Adjustments (CT & DT Impact) - Recognised

  This column reflects the recognised portion of the Other Adjustments (CT & DT Impact) balance, which flows from GrsCYOthCurDfd_IAS in the Temporary Difference elements or Temporary Differences - Balance Sheet Method elements.

• RecCYOthDfd_IAS — Other Adjustments (DT Impact) - Recognised

  This column reflects the recognised portion of the Other Adjustments (DT Impact) balance, which flows from GrsCYOthDfd_IAS in the Temporary Difference elements or Temporary Differences - Balance Sheet Method elements.

• RecPYDTNR_IAS — Change in DTR Percentage - P/L - Recognised

  This column reports any adjustment to the recognised opening deferred tax balances to reflect that the proportion of deferred tax recognised in the current period has changed compared to the prior period. Whereas the other elements within the report reflect the amount of activity recognised within a single value, any adjustments to the opening balances are shown separately to ensure that the opening recognised balances, the first column of data in the report, match the closing recognised balances in the prior period. This column is used only when the deferred tax account is set to INCOME.

• RecCYTrfr_IAS — Transfers - Recognised

  This column reflects the recognised portion of the Transfers balance, which flows from GrsCYTrfr_IAS in the Temporary Difference elements or Temporary Differences - Balance Sheet Method elements.

• RecCYT_IAS — Total Current Year Movement - Recognised

  This column is calculated and is the sum of RecCY_IAS, RecCYOthCurDfd_IAS, RecCYOthDfd_IAS, and RecCYTrfr_IAS.

• RecEq_IAS — Equity - Recognised

  This column reflects the recognised portion of the Equity balance, which flows from GrsEq_IAS in the Temporary Difference elements or Temporary Differences - Balance Sheet Method elements.

• RecRTPEqCurDfd_IAS — True Up (CT & DT impact of equity items) - Recognised

  This column reflects the recognised portion of the True-Up – Equity balance, which flows from GrsRTPEqCurDfd_IAS in the Temporary Differences report (NA1301).

• RecPYDTNREQ_IAS — Change in DTR Percentage - Equity - Recognised

  This column reports any adjustment to the recognised opening deferred tax balances to reflect that the proportion of deferred tax recognised in the current period has changed compared to the prior period. Whereas the other elements within the report reflect the amount of activity recognised within a single value, any adjustments to the opening balances are shown separately to ensure that the opening recognised balances, the first column of data in the report, match the closing recognised balances in the prior period. This column is used when the deferred tax account is set to INCOME.

• RecEqOth_IAS — Other Equity - Recognised

  This column reflects the recognised portion of the Other Equity balance, which flows from GrsEqOth_IAS in the Temporary Difference elements or Temporary Differences - Balance Sheet Method elements.

• RecEqT_IAS — Total Equity - Recognised

  This is the total recognised equity amount.

• RecOCI_IAS — OCI - Recognised

  This column reflects the recognised portion of the OCI balance, which flows from GrsOCI_IAS in the Temporary Difference elements or Temporary Differences - Balance Sheet Method elements.

• RecRTPOCICurDfd_IAS — True Up (CT & DT Impact of OCI Items) - Recognised

  This column reflects the recognised portion of the True-Up - OCI balance, which flows from GrsRTPOCICurDfd_IAS in the Temporary Difference elements or Temporary Differences - Balance Sheet Method elements.

• RecPYDTNROCI_IAS — Change in DTR Percentage - OCI - Recognised

  This column reports any adjustment to the national recognised opening deferred tax balances to reflect that the proportion of deferred tax recognised in the current period has changed compared to the prior period. Whereas the other elements within the report reflect the amount of activity recognised within a single value, any adjustments to the opening balances are shown separately to ensure that the opening recognised balances match the closing recognised balances in the prior period. This column is used for deferred tax accounts classified as OCI.

• RecOCIOth_IAS — Other OCI - Recognised

  This column reflects the recognised portion of the Other OCI balance, which flows from GrsOCIOth_IAS in the Temporary Difference elements or Temporary Differences - Balance Sheet Method elements.

• RecCTABOY_IAS — Exchange Difference (Opening Balance) - Recognised

  This column is populated when the report is viewed in reporting currency for an entity that has a different functional currency. It is calculated on the difference between the recognised beginning of year gross balance translated at the beginning of year spot rate and end of period spot rate.

• RecCTACY_IAS — Exchange Difference (Movement) - Recognised

  This column is populated when the report is viewed in reporting currency for an entity that has a different functional currency. It is calculated on the difference between the recognised current year gross temporary difference activity translated at the end of period spot rate and the recognised current year gross temporary difference tax activity translated at the average rate.

• RecCTAT_IAS — Exchange Difference - Recognised

  This column is calculated and is the sum of RecCTABOY_IAS and RecCTACY_IAS.

• RecOCIT_IAS — Total OCI - Recognised

  This is the total recognised OCI amount.

• RecUDiff_IAS — Unexplained - Impact Provision - Recognised

  This column reflects the recognised portion of the Unexplained - Impact Provision balance, which flows from GrsUDiff_IAS in the Temporary Difference elements or Temporary Differences - Balance Sheet Method elements.

• RecUDiffEq_IAS — Unexplained - Equity - Recognised

  This column reflects the recognised portion of the Unexplained - Equity balance, which flows from GrsUDiffEq_IAs in the Temporary Difference elements or Temporary Differences - Balance Sheet Method elements.

• RecEOY_IAS — Ending Balance - Unadjusted - Recognised

  This is the ending recognised gross temporary difference balance. This column is calculated and is the sum of RecBOYA_IAS, RecAcq_IAS, RecDisp_IAS, RecCYT_IAS, RecEqT_IAS, RecUDiff_IAS, and RecUDiffEq_IAS.

To review the Temporary Differences Recognised 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 NA1306 - Temporary Differences Recognised.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 (NA1301).