The Tax Provision standard application profile defines these periods within a year.
Periods labeled P01, P02, P03, P04, P05, P06, P07, P08, P09, P10, P11, P12, P13
Quarters labeled Q1, Q2, Q3, Q4, QA
Annual labeled AP, AR
P13 (Final) or QA (Final) periods are included for posting the Return to Accrual (RTA) adjustment as part of the “True-Up” process. Because the Return to Accrual (RTA) process is done once a year after the tax return has been finalized or filed, depending on the frequency of the provisioning required, you can use either the P13 or QA as the adjustment period for comparing last year’s provision with last year’s tax return.
You can change all labels and descriptions before loading the file to create a new application, except for [Year], which is a required system member. Oracle recommends that you do not change the monthly and quarterly labels, although you can modify the descriptions.
The following constant values for the periods are also referenced in the rule file. If you change the Period label for the profile, you must also update the following information in the Rule and Member Lists files with the corresponding Period label for the application.
P_PERIOD_QUARTERLY_FREQUENCY_MEMBERS = Array (“Q1”, “Q2”, “Q3”, “Q4”, “QA”) P_PERIOD_QUARTERLY_FREQUENCY_LAST = “Q4” P_PERIOD_QUARTERLY_FREQUENCY_FINAL = “QA” P_PERIOD_MONTHLY_FREQUENCY_MEMBERS = Array (“P01”, “P02”, “P03”, “P04”, “P05”, “P06”, “P07”, “P08”, “P09”“P10”, “P11”, “P12”, “P13”) P_PERIOD_MONTHLY_FREQUENCY_LAST = “P12” P_PERIOD_MONTHLY_FREQUENCY_FINAL= “P13”
The following constants are required to be modified when the application is intended to be set up with Annual Frequency.
P_PERIOD_ANNUAL_FREQUENCY_MEMBERS= Array ("AP", "AR") P_PERIOD_ANNUAL_FREQUENCY_FIRST= "AP" P_PERIOD_ANNUAL_FREQUENCY_LAST= "AP" P_PERIOD_ANNUAL_FREQUENCY_FINAL= "AR"
For the Annual Frequency, set ATD as the Scenario member's default frequency.