The ReportingStandard dimension is used to store different types of provisions to be done in the application. The tax application has a predefined set of reporting standards used in various countries. You can customize the dimension hierarchy to include additional reporting standards if needed. There are no special rules when adding ReportingStandard members. You should use standard naming conventions when possible.
Oracle does not recommend changing predefined ReportingStandard members. If needed, you can remove nonapplicable ReportingStandard members from the application. At least one reporting standard should be available for the application.
The Tax provision process can be performed for each entity at each reporting standard.