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

Validating the Regional ETR Calculation

You can validate that the Regional Current Provision - Deferred Tax is equal to the system calculated Regional 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 Total Tax Regional Form:

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