Example Usecase: Regional

  1. Enter data for the following data forms:
    • Transfers Regional
      • Below screenshot has Temp 1 - XXXX Account has entered Transfers Regional - Blended State, Tax: 500; Impact from Change in Tax Rates - Transfers: -50
      • Below screenshot has MACRS - Fed Reversal Account has entered Transfers Regional - Blended State, Pre Tax: 20000; Tax: 3000; Impact from Change in Tax Rates - Transfers: -600

        Transfers Regional

    • Divestments Regional
      • Below screenshot has Temp 1 - XXXX Account has entered Divestments Regional - Blended State, Tax: 100; Impact from Change in Tax Rates - Transfers: -10
      • Below screenshot has MACRS - Fed Reversal Account has entered Divestments Regional - Blended State, Pre Tax: 5000; Tax: 1000; Impact from Change in Tax Rates - Transfers: -500

        Divestments Regional

  2. After entering the data for Transfers Regional and Divestments Regional, click Save to save the data that you entered. On the form, under Actions, select Consolidate, and then click Launch.
  3. Navigate to Temporary Differences Regional by selecting Navigator → Tax Provision Regional → Package → Temporary Differences Regional
    • The TRCS_TransfersNp column (Transfers) has been added to the form.
    • The TRCS_DivestmentsNp column (Divestments) has also been added.

    The screenshot below of the Temporary Differences Regional form displays blended state data for Transfers and Divestments.

    Temporary Differences Regional
  4. Navigate to Deferred Tax Regional by selecting Navigator → Tax Provision Regional → Package → Deferred Tax Regional

    The following columns have been added to the form:

    • TRCS_RCTransfersNp – Impact from change in tax rates (Transfers)
    • TRCS_RCTransfersNpReversal – Adjustment for change in tax rates (Transfers)
    • TRCS_RCDivestmentsNp – Impact from change in tax rates (Divestments)
    • TRCS_RCDivestmentsNpReversal – Adjustment for change in tax rates (Divestments)

    The screenshot below of the Deferred Tax Regional form shows Transfers and Divestments in a blended state, with both tax-effected values and the impact of rate changes transferred and calculated.

    Deferred Tax Regional
  5. Navigate to ETR Regional by selecting Navigator → Tax Provision Regional → Package → Regional ETR)

    The TRCS_VARCTransfersNp and TRCS_DefTaxRCTransfersNp accounts are used to store current year rate changes from VA accounts and Deferred Tax accounts related to Transfers.

    Similarly, the TRCS_VARCDivestmentsNp and TRCS_DefTaxRCDivestmentsNp accounts capture current year rate changes from VA accounts and Deferred Tax accounts related to Divestments.

    TR Regional
  6. Similarly, navigate to TAR Regional by selecting Navigator →Tax Provision Regional → Package → TAR Regional)

    The TAR Regional form below shows Transfers and Divestments classified as DTA (Non-Current Assets) and reversed in the corresponding Transfers Total or Divestments Total column.

    TAR Regional