Enabling Application Features

You can enable reporting and other optional features after creating an application; however, once enabled, these features cannot be disabled. To remove the features, you would have to create a new application.

To enable features in the application:

  1. From the Home page, click Applications, and then Configuration.
  2. On the Configure screen, click Enable Features.
    Select features that you want to enable for the application
  3. Select one or more features that you want to enable for the application:

    • IFRS reporting standard for the application. You may select one or both of the following features:
      • Deferred Tax Not Recognized (DTNR) to enter deferred tax not recognized amounts on a tax effected basis as P&L or non P&L amounts.
      • Consolidated Effective Tax Rate Reconciliation to calculate the National and Regional ETR for the total tax provision.
    • Country by Country Reporting (CbCR) to calculate analyses to assess risk as a result of transfer pricing strategies.
    • Interim Tax Provision (Applications created prior to 18.08) - This option is no longer available to select. If you enabled Interim Tax Provision prior to Release 18.08, you can continue to use this option to manually enter data, and calculate monthly or quarterly tax provision using an annualized estimated effective tax rate, plus discrete tax amount. Historic data is stored in the Forecast or other scenario designated for Interim Tax Provision.

      Note:

      With the exception of Interim Tax Provision (Applications created prior to 18.08), after a feature is enabled, it cannot be disabled. If you want to remove a feature, you must create a new application.

      If you enabled Interim Tax Provision (Applications created prior to 18.08), but no longer want to use that version, you can select one or both of the options listed under Interim Tax Provision without creating a new application. Any historical data that exists for the application created prior to 18.08 is stored against a Forecast or other scenario that was used for Interim Provision.

    • Interim Tax Provision to calculate monthly or quarterly tax provision using an Annualized Estimated Effective Tax Rate (AEETR), plus discrete tax amounts. Data is automatically stored in the TRCS_Interim Forecast Scenario member, which is used for forecasting. You may select one or both of the following features:
      • Total AEETR to get the value of the Total Tax AEETR from the Consolidated Effective Tax Rate for the Forecast Scenario.
      • Detailed AEETR (Current and Deferred) to display Total Tax by adding Current Tax and Deferred Tax.
    • Weighted Average to enable the weighted average to calculate the average foreign currency translation for the net income before tax for each base entity.
    • Dynamic Calc Jurisdiction Enabling this feature will update the data storage type for out-of-the-box parent members of the Jurisdiction dimension, such as TRCS_AllNational, to Dynamic Calc.

      Caution:

      Enabling this feature may improve Consolidation performance; however it may also result in a negative impact on Consolidation performance, for example in circumstances where extensive custom member formulas are involved. It is recommended that the impact to performance be assessed in a test environment before this feature is enabled in production.
  4. Click Enable to enable the selected features.
  5. When the system displays a message that the functionality has been enabled, click OK.
  6. Log off, and then log back on to see the enabled features.