Tax Basis Balance Sheet

Oracle Hyperion Tax Provision automatically loads the book basis assets/liabilities and the end of period gross temporary differences to create the Tax Basis Balance Sheet. The Tax Basis Balance Sheet can be used to enter adjustments and the actual tax basis of assets/liabilities based on the return as filed.

This form contains the following RollForward members in the columns (across):

• TBClosing—Trial Balance Closing Balance—Automatically populated with the book balance sheet.

• TaxBasisBSAdjustment—Used to manually input any adjustments to the book balance sheet as required.

• TaxBasisBSClosingTotal—The sum of TBClosing and TaxBasisBSAdjustment.

• ClosingEquity—Automated with the end-of-period temporary differences and the offsetting adjustments to equity.

• TaxBasisBSPreliminary—Tax Basis BS Preliminary—The sum of TaxBasisBSClosingTotal and ClosingEquity. The preliminary tax basis balance based on the accounting for income tax records.

• TaxClosing—Current Year Tax Data (Book Accounts)—The tax basis for the book accounts (for example, non-Temporary Differences). These amounts are manually input.

• TaxClosing—Current Year Tax Data (Tax Accounts)—The tax basis for the tax accounts (for example, Temporary Differences). These amounts are manually input.

• TaxClosing—Current Year Tax Data—The tax basis for both the book and tax accounts. The sum of Tax Closing for both the book and tax accounts.

• TBBSTaxBaseVariance—Tax Basis BS Variance. The difference between the tax basis per the accounting records and the tax basis per the return as filed.