AFTER TAX TEMP DIFFS Rollforward

In the After Tax Temporary Diffs Rollforward page, users can enter after tax adjustments that are temporary in nature.

The impact of individual permanent differences on the tax provision can be viewed on the Tax Provision report and the Effective Rate report.

Note: In the After Tax Temporary Diffs Rollforward page, users can enter amounts as purely tax balances, with or without book or net of book.

2014.1 after tax temp diffs rollforward

 

Enter a separate line item for each after tax temporary difference:

1.Select the Code-Description and then Tag or Class/Sub-Class..
2.Indicate whether the item is classified as current or non-current.
3.The carryover balance, if any, is automatically pre-populated.
4.Enter the current activity amount in local currency.
5.There are also fields for entering deferred adjustments and balance sheet only adjustments.
6.Click Add New to create the after tax temporary difference.

 

After an after tax temporary difference item is created, users can edit or delete the item by clicking the appropriate icon.

To edit after tax temporary differences:

1. Click Edit.

2. Select Save after making any changes.

 

To delete the after tax temporary differences:

1. Click Delete.

2. Select Save after updating the after tax temporary differences.

Notes:

•Refer to the Where to Enter Items in ONESOURCE Tax Provision section for more information on the different types of adjustments; for example, current activity, deferred only, and balance sheet only.
•If a new after tax temporary difference item is required, contact the Corporate Tax Department.