TEMPORARY DIFFS (STAT/TAX)

In the Temporary Differences (STAT/TAX) page, users can enter differences between book income computed under Statutory Law and Local Tax Law in the country that are temporary in nature. These differences will reverse in the future.

2014.0 temp diffs stat tax

 

Enter a separate line item for each 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.Enter the current activity amount in local currency.
4.There are also fields for entering deferred adjustments and balance sheet only adjustments.
5.Click Add New to create the temporary difference.

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 temporary difference item is required, contact the Corporate Tax Department.

After a temporary difference item is created, users can edit or delete it by clicking the appropriate icon.

1.Click the pencil icon to edit the entry.
2.Select Save Changes after making any changes.

 

•Users can attach files to individual temporary differences item on this page. If users have supporting documents, click the paper clip or filing cabinet next to the item.
•Users can add and update notes for a line item.
•To view separate pages for GAAP to STAT and STAT to TAX, datasets must be assigned as “yeprovgs.” For more information, refer to the Administration section.