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Administration

Reporting: Tax Provision Parameters

You can use the
Tax Provision
 tab to set up the system parameters for reports. By selecting
Administration > System > Manage Configurations > Reporting > Tax Provision
 you will find the following parameters. Select the parameter name and the
Description
 will appear at the bottom of the page.
Parameter
Procedure
Enhanced View
Select
Yes
, to display the Tax Provision report in the enhanced mode which includes the following items:
  • Detailed view displays the unit PTBI with adjustments if using the USETBPTBI dataset parameter.
  • Detailed view displays a breakout of the Total Deductible State Tax line into the state by state detail.
  • Detailed view displays a breakout of the Total State Tax Provision components into State Current Tax Provision, State Deferred Tax Provision and State Equity Adjustment.
  • Unit Breakout view (on the consolidated and sub-consolidated level reports) will display on screen vs. requiring to export to Excel.
Hide Deductible State Tax Detail
Select
Yes
, to hide the breakout of the Total Deductible State Tax to the state by state detail when Enhanced view of the Tax Provision report is active.
Add GAAP-STAT Report
Select
Yes
, to activate an additional Tax Provision report which has the GAAP-STAT format. The permanent and temporary difference amounts tagged with tag letters configured as GAAP-STAT Tag(s) will be sub-totaled as PTBI in Local STAT. All other permanent and temporary differences tagged with letters other than ones identified as GAAP-STAT Tag will be sub-totaled as STAT to Tax adjustments.
GAAP-STAT Tag
Tag Letter(s) designated in the drop-down list box will be used to separate data into the section that sub-totals to the line called PTBI in Local STAT on the GAAP-STAT Tax Provision report. All permanent and temporary difference activity with the designated tag letter appear in the GAAP to STAT adjustments section. The activity is added to PTBI to arrive at PTBI in Local STAT. All other permanent and temporary differences that do not have the designated tag letter display in the section that shows STAT to Tax adjustments. You can review in the section that sub-totals to the line called PTBI in Local STAT on the GAAP-STAT Tax Provision report.
Additional GAAP-STAT Tag
Additional Tag Letter(s) can be added by selecting a letter within the drop-down list.
GAAP-STAT Classes
Classes designated in the drop-down list box will be used to separate data into the section that sub-totals to the line called PTBI in Local STAT on the GAAP-STAT Tax Provision report. All permanent and temporary difference activity with the designated tag letter appear in the GAAP to STAT adjustments section. The activity is added to PTBI to arrive at PTBI in Local STAT. All other permanent and temporary differences that do not have the designated tag letter display in the section that shows STAT to Tax adjustments. You can review in the section that sub-totals to the line called PTBI in Local STAT on the GAAP-STAT Tax Provision report.
Additional GAAP-STAT Classes
Additional Classes Letter(s) can be added by selecting a letter within the drop-down list.
note
The same letter should be used for each set of the GAAP-STAT Tags and Additional GAAP-STAT Tag parameters.
Enable GAAP-STAT Scrunch
  • Select
    Yes
    , lets you select a Current GAAP, Current STAT, Non-Current GAAP, and Non-Current STAT class or tag for the scrunch functionality.
  • Select
    No
    , lets you select Current or Non-Current Class or Tag for scrunch.
Add CSC Breakout View
Activates two additional views on the Tax Provision report (at the Sub-Consolidated level). Select Yes, to activate two additional views for the Tax Provision report (at the Sub-Consolidated reporting level) - csc breakout view which shows the unit data grouped into their CSC configuration and CSC breakout comparison which compares two datasets at the CSC grouped level.
Exclude State Non-Cash Tax Adj from Fed Prv Rpt
  • Select
    Yes
    , excludes Non-Cash State Tax Adjustments from the deductible State amount on the Federal Tax Provision Report.
  • Select
    No
    , includes Non-Cash State Tax Adjustments from the deductible State amount on the Federal Tax Provision Report.

This article applies to:

  • Product: ONESOURCE Tax Provision