1. Working with Tax Reporting
  2. Working with National Tax Process
  3. Data Status and Validation
  4. Validating the Total Tax Combined

Validating the Total Tax Combined

You can validate the consolidated ETR calculation.

The validation is automatically generated, and should show that the Total Tax Expense is in balance with the Effective Tax Rate reports as calculated by the system. If there is a difference, the amount should be documented in a Journal Entry in Oracle Smart View for Office.

Note:

Data in this form cannot be modified.

To validate the Total Tax Combined:

  1. From the Home page, select Tax Provision National, and then Data Status Data Status icon.
    Total Tax Combined form
  2. On the form, select the Consolidated ETR tab.
  3. Under the appropriate columns, you can review the consolidated results for the following:
    • All National
    • All Regional
    • Consolidated
  4. If there is an amount displayed under Difference for any of the Total Tax categories, you must generate a Journal Entry using Smart View to explain the difference.