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  • August 12, 2015

Patch Set Update: Hyperion Tax Provision 11.1.2.4.100

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The following Patch Set Update (PSU) has been released for Hyperion Tax Provision 11.1.2.4, and is available for download from the My Oracle Support | Patches & Updates section:

Hyperion Tax Provision PSU 11.1.2.4.100
Patch 21445217

This PSU 11.1.2.4.100 can be applied to Hyperion Tax Provision 11.1.2.4.000, and is backward compatible with release 11.1.2.4.000.

Prerequisites:

The prerequisites for this Hyperion Tax Provision patch include ...

New Features:

Summary of New Features in the Hyperion Tax Provision 11.1.2.4.100 ...

  • 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 11.1.2.4 | Financial PM Applications


Readme File:

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.

Feedback:

To share your experience about installing this patch ...

In the MOS | Patches & Updates screen for Hyperion Tax Provision Manager Patch 21445217, click the "Start a Discussion" and submit your review.

The patch install reviews and other patch related information is available within the My Oracle Support Communities. Visit the Oracle Hyperion patch reviews (MOSC) sub-space:

Hyperion Patch Reviews

Further Questions:

Have a question for Hyperion Tax Provision specificially ....

The My Oracle Support Community "HFM" is an ideal place to seek & find product specific answers:

Hyperion Financial Management (HFM)
Category:
Tax Provisioning

To locate the latest Patch Sets and Patch Set Updates for the EPM products visit the My Oracle Support (MOS) Knowledge Article:

Available Patch Sets and Patch Set Updates for
Oracle Hyperion Enterprise Performance Management Products

Doc ID 1400559.1



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