Supplemental Schedule Accounts Subgroup

The accounts in the Supplemental Schedule Accounts subgroup are tax accounts used for supplemental detail reporting purposes. An example of supplemental details included in the sample tax application is the set of Fines and Penalties accounts. The accounts provide additional details regarding the specific fine or penalty information that are Permanent Differences on the Current Provision.

You can configure these accounts for your implementation, and add supplemental accounts. You can remove unneeded accounts.

Supplemental Schedule Accounts hierarchy

TaxCredits and TaxLosses Detail Accounts

This subgroup of accounts also includes the accounts for storing Tax Credits and Losses. It includes detail accounts for Tax Losses under the TaxLossesD account, and details for Tax Credits under TaxCreditsD. You can add detail accounts for TaxCredits and TaxLosses. Additional detail information for any Carryforward amount from prior years is stored in the DataCategory members by year, as well as the detail activities for opening balances and current year amount. Expiration and utilization details are stored in the RollForward members for these accounts.

Sample Tax Losses Detail accounts

NTaxCredits and RTaxLosses accounts are system accounts and should not be modified.

Fines and Penalties Subhierarchy

The FinesAndPenalties subhierarchy is created to illustrate the maintenance of Fines and Penalties details. You can create or modify the members in this hierarchy to include the appropriate account information.

Balance Sheet Approach Account Structure

The Balance Sheet Approach account structure is created as an example of how the Balance Sheet approach can be used. You can create members as necessary. When using the Balance Sheet approach, follow these guidelines: Every parent account that you create should also include a Tax account and the corresponding Book account as children.

In the Sample Tax application structure, the Balance Sheet Approach is set up with the parent account BSATotalMiscAccruals to capture total miscellaneous accruals and contingency. For comparison purposes, the child accounts 20120 (Misc Accruals – as per Book account) and the TempST0003 (Misc Accruals – as per Tax account) are created for the hierarchy. You can add parent accounts and corresponding Book and Tax child accounts to the structure as needed.

Book vs. Tax RollForward (IFRS) Accounts

The Book versus Tax schedule is used to maintain supplemental detail information. The data entered in this supplemental schedule is Pre-Tax data.

This hierarchy includes the BVTAccounts parent account member. Each of the members has subsections of PPE/IFA/Intangibles/Pension user-defined accounts as children. For these accounts, you must select the appropriate parent as the TopMember, for example, ClosingBVT1 for the RollForward TopMember, and TotalBVT / TotalBVTNoIRE for the DataCategory TopMember. These accounts also have an Opening to Closing movement hierarchy.

BVTAccounts hierarchy contains the following members:

BVTDetail Accounts hierarchy

BVTSummaryAccounts includes the following members.

List of BVTSummary Accounts

The following table lists the Custom TopMembers that are set for the BVT accounts.

Account /CustomsRollForwardDataCategoryTaxTypeJurisdictionReportingStandard

PPEPlant

PPEInvProp

PPECapItems

ClosingBVT1TotalBVTAllNationalNationalReportingStandards

PPEEquip

PPEOpLease

ClosingBVT1TotalBVTNoIREAllNationalNationalReportingStandards

Pension

ClosingBVT1TotalBVTNoIREAllNationalNationalReportingStandards

IntangGW

IntangSoftware

IntangSoftwareOther

IntangBrand

IntangCustList

IntangLicenses

IntangOther

IntangCapItems

IntangOpLeases

ClosingBVT1TotalBVTAllNationalNationalReportingStandards
PPESummaryClosingDepBVTTaxAllTaxBVTTotalNationalRegionalReportingStandardsJurisdictions
UCCSummaryClosingDepBVTTaxAllTaxBVTTotalNationalRegionalReportingStandardsJurisdictions
MACRSSummaryClosingDepBVTTaxAllTaxBVTTotalNationalRegionalReportingStandardsJurisdictions
NOLSummaryClosingNOLCalcAllTaxBVTTotalNationalRegionalReportingStandardsJurisdictions
TaxCreditSummaryClosingTaxCreditCalcAllTaxBVTTotalNationalRegionalReportingStandardsJurisdictions
PensionSummaryClosingPensionBVTTaxAllBookBVTTotalNationalRegionalReportingStandardsJurisdictions
IntangibleSummaryClosingIntangibleBVTTaxAllBookTaxBVTTotalNationalRegionalReportingStandardsJurisdictions
AROSummaryClosingAROBVTTaxAllBookTaxBVTTotalNationalRegionalReportingStandardsJurisdictions
FinCostSummaryClosingFinanceCostBVTTaxAllBookTaxBVTTotalNationalRegionalReportingStandardsJurisdictions
StkCompSummaryClosingStkCompBVTTaxAllBookTaxBVTTotalNationalRegionalReportingStandardsJurisdictions
EquitySummaryClosingEquityOCIBVTTaxAllBookTaxBVTTotalNationalRegionalReportingStandardsJurisdictions
FAPISummaryClosingFAPIBVTTaxAllBookTaxBVTTotalNationalRegionalReportingStandardsJurisdictions
NOLSummaryClosingNOLBVTTaxAllTaxBVTTotalNationalRegionalReportingStandardsJurisdictions
TaxCreditSummaryClosingTaxCreditBVTTaxAllTaxBVTTotalNationalRegionalReportingStandardsJurisdictions
RMACRSReversalSummaryClosingDepBVTTaxAllTaxBVTTotalNationalRegionalReportingStandardsJurisdictions
RMACRSSummaryClosingDepBVTTaxAllTaxBVTTotalNationalRegionalReportingStandardsJurisdictions
RNOLSummaryClosingNOLBVTTaxAllTaxBVTTotalNationalRegionalReportingStandardsJurisdictions
RTaxCreditSummaryClosingTaxCreditBVTTaxAllTaxBVTTotalNationalRegionalReportingStandardsJurisdictions

The ClosingBVT RollForward parent member (in the Opening to Closing Movement hierarchy) is included in the Supplemental Schedule accounts. You can add details to the hierarchy or create an additional movement hierarchy.

For FX calculations, you can specify if a RollForward member should be translated at the Opening or Average rate by specifying the OpeningRate user-defined property:

PropertyValue
Property NameOpening Rate
KeywordOpeningRate
Valid EntryYes or No. If set to No, the system uses the Average Rate for translation.

Default is: OpeningRate:No

The ClosingBVT hierarchy includes these subsections:

Opening As Adjusted Accounts hierarchy

Based on the ClosingBVT hierarchy, additional Closing hierarchies are included under the AdditionalMembers hierarchy.

ClosingBVT hierarchy list

BVT supplemental schedule accounts also include the DataCategory TotalBVT and TotalBVTNoIRE parent members to differentiate Book, Tax, and Initial Recognition Exemption (IRE) accounts.

The TotalBVT hierarchy includes the following members:

BookBVT  SwitchSignForFlow:  Yes
TaxBVT   SwitchSignForFlow:  No
IREBVT   SwitchSignForFlow:  Yes

The TotalBVTNoIRE hierarchy includes the following members:

BookBVT  SwitchSignForFlow:  Yes
TaxBVT   SwitchSignForFlow:  No

DataCategory Dimension

The following figure shows the hierarchy to use as DataCategoryTopMember when Tax, Book and IRE are applicable to the BVT account.

DataCategoryTopMember

The following figure shows the hierarchy to use as DataCategoryTopMember when the BVT account is applicable only for Tax.

Hierarchy for BVT account for Tax

The following figure shows the hierarchy to use as DataCategoryTopMember when the BVT account is applicable only for Book.

Hierarchy for BVT account for Book

The following figure shows the hierarchy to use as DataCategoryTopMember when the BVT account is applicable only for Book and Tax.

Hierarchy for BVT account for Book and Tax-

Tax Risk Provision (IFRS) Accounts

This supplemental schedule is used to track risk contingencies. Data entered in this supplemental schedule is Tax-Effected.

The SupplementalSchAccounts hierarchy includes these Tax Risk Provision accounts.

Tax Risk Provision Accounts hierarchy

The Opening to Closing movement hierarchy includes the ClosingTRP RollForward parent member and also FX members.

Closing TRP Accounts hierarchy