Jurisdictional Netting

Oracle Hyperion Tax Provision provides the ability to calculate the adjustments required under various accounting standards with respect to Jurisdictional Netting of deferred tax assets and deferred tax liabilities. The administrator sets up an alternate entity hierarchy containing base entities that require Jurisdictional Netting. The application nets asset and liabilities at the parent level versus the entity level. You can compare the Jurisdiction Netted amounts versus the entity level to determine the consolidating adjustment required. The adjustment can be booked in accordance with your accounting policy.