Summary of New Features in the Hyperion Tax Provision 220.127.116.11.100 ...
- Consolidated Rate Reconciliation – IFRS
The current Consolidated Rate Reconciliation uses a format more common for entities reporting under the IFRS basis of accounting. For IFRS purposes, the Consolidated Rate Reconciliation is provided using a different format under IAS12. New forms and reports have been added.
- Tax Automation Enhancements
Tax automation has been enhanced to provide increased flexibility. The Scenario, Year Period, ICP, DataCategory, and Reporting Standard dimensions are now selectable as a source of data. Three new Calculation methods have been added: Annualize, National Adjustment, and Prior Year.
- Regional Deferred Tax Override Rates
Customers require the ability to use different tax and apportionment rates for deferred tax calculation purposes for the regional deferred tax expense and closing balances. Override Tax and Apportionment Rates by temporary difference by jurisdiction are available for input.
- Native Eliminations in Tax Provision
Tax Provision supports using native HFM elimination logic on book data. Tax automation has been enhanced to move data in the [Elimination] member of the Value dimension to the tax accounts. The Tax Automation UI now allows selecting [ICP Top] as the source ICP dimension member. See the Configuration Steps section for more detail.
- Customizable Tax Account Rollforward
With a customizable Tax Account Rollforward, you can now map data to the columns. Tax Provision provides a custom UI to properly map data. The out-of-the-box configured TAR is still available to users who do not require additional columns. The customizable TAR has all of the standard configuration columns and data mapped in advance, so that the only mapping changes required are for new columns and changes in mapping to existing columns.
This enhancement also includes the ability to reclass the net amount between Payables and Receivables, and the ability to classify tax accounts into Foreign and Domestic.
In addition, these new OnDemand rules were added: CopyPeriodic Data, and CopyTAR Automation.
- Country by Country Report
This release includes a new data form and report used to collect and store the tax information on an entity and jurisdiction basis to enable you to assess tax requirements and risk by country. The data form and report include columns for Place of Effective Management and Principal Business Activity. This data is also needed to satisfy OECD Tax disclosure reporting requirements.
For detailed information, refer to the Oracle Hyperion Tax Provision Administrator’s Guide and Oracle Hyperion Tax Provision User Guide.
Oracle Help Center | EPM 18.104.22.168 | Financial PM Applications
Refer to the Readme files for information pertaining to the above requirements. The Readme file should also be consulted prior proceeding with the PSU implementation for important information that also includes supported paths, list of defects fixed, additional support information, prerequisites, details for applying patch and troubleshooting FAQ's.
It is important to ensure that the requirements and support paths to this patch are met as outlined within the Readme file. The Readme file is available from the Patches & Updates download screen.
In addition to the patch specific Readme file, also refer to "Oracle Enterprise Performance Management System Installation and Configuration Readme" for late-breaking information about the installation for all EPM System products.