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:
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Temporary Difference (on a tax effected basis)
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Acquisitions
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Tax Rates (Standard/Override Tax Rates)
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Deferred Tax Regional (when deductible for National provision)
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Impact of Tax Rate Changes (Tax Provision Calculations)
Flow of Data to:
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Deferred Tax for TAR
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Deferred Tax for TAR - Reclass
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Valuation Allowance Allocation
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Valuation Allowance Allocation - VA
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Statutory Rate Reconciliation (all deferred items impacting ETR)
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Consolidated Rate Reconciliation (all deferred items impacting ETR)
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Total Tax Provision (all deferred items impacting total tax provision)