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

Validating the National ETR

You can validate that the Current Provision - Deferred Tax is equal to the system calculated Statutory ETR.

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 National ETR calculation:

  1. From the Home page, select Tax Provision National, and then Data Status Data Status icon.
    Total Tax National Validation
  2. Select the National ETR tab.
  3. Review the results for Total Tax National:
    • Current Provision
    • Deferred Tax
    • Total
    • Total Effective Tax Rate SETR
    • Difference
  4. If there is an amount displayed under Difference, you must generate a Journal Entry using Smart View to explain the difference.