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Forecast Deferred Provision

The
Forecast Deferred Provision
 report for Interim Forecast datasets shows the amounts that make up the total forecast deferred provision. Selecting an amount with a hyperlink opens a supporting Forecast Rate report.

Provision Items

  • Current Provision
  • Rate Impacting Items

Report Views

  • The Summary, Detail and Unit options display balances with various levels of detail. To view the Summary, click Summary. The Detail view shows the report in a detailed view. The Unit view groups balances into a single line for each unit in the sub-consolidation or consolidation.
  • The Federal and State + FBOS options determine the rates that apply to the temporary differences. The default unit rates or the rates you enter to overwrite the unit rate are applied for a specific line item.
  • The All, Current and Non-current options allow the report to be filtered by balance sheet status.
  • A single column can be expanded to see the underlying unit-by-unit data by selecting Breakout.

Line by Line

  • Temporary Differences: Data Entry > Temporary Differences – Tax Basis, Temporary Differences – Book/Tax Basis, State Temporary Differences – Tax Basis and State, State After Apportionment Temporary Differences – Tax Basis in the interim section.
  • NOL Reclass: Data Entry > NOL Temporary Differences – Tax Basis in the interim section.
  • After Tax Temporary Differences: Data Entry > After Tax Temporary Differences – Tax Basis and State After Tax Temporary Differences – Tax Basis in the Interim section.

Column by Column

  • Activity: The tax effect of temporary differences entry in the activity column in Data Entry > Forecast in the interim section.
  • Effect Dfrd: The tax effect of rate differences for the beginning of year balances.
  • Effect Rate Diffs : The tax effect of rate differences for temporary differences in the Activity column.
  • Dfrd Only Adjs : The tax effect of temporary differences entry in the deferred only column in Data Entry > Forecast in the interim section.

This article applies to:

  • PRODUCT: ONESOURCE Tax Provision