Core Calculation
Contents
The provision calculation is independent of the General Ledger account structure. Accounts impacted by ONESOURCE Tax Provision's calculated amounts include:
•Accounts assigned during the journal entry configuration.
•Accounts mapped for each Journal Entry.
•Each General Ledger account mapped to one or more ONESOURCE Tax Provision's Calculation and one or more book account.
Data entry fields and their impacts on the calculation for reporting.
Current Tax Provision |
Deferred Tax Provision |
Ending Balances |
|
|---|---|---|---|
Current Activity |
X |
X |
X |
Deferred Only Adjustments |
|
X |
|
Balance Sheet Only Adjustments |
|
|
X |
Tax Adjustments |
X |
|
|
Core Calculation Overview
