Deferred Tax

Maintains the tax-effected inventory of items to be deferred and adjustments for income tax purposes (deductible from or includable in income in future years).

Sources of Data:

• Temporary Difference (on a tax effected basis)

• Acquisitions

• Tax Rates (Standard/Override Tax Rates)

• Deferred Tax Regional (when deductible for National provision)

• Impact of Tax Rate Changes (Tax Provision Calculations)

Flow of Data to:

• Deferred Tax for TAR

• Deferred Tax for TAR - Reclass

• Valuation Allowance Allocation

• Valuation Allowance Allocation - VA

• Statutory Rate Reconciliation (all deferred items impacting ETR)

• Consolidated Rate Reconciliation (all deferred items impacting ETR)

• Total Tax Provision (all deferred items impacting total tax provision)