Entity User-Defined Properties
These special Entity user-defined properties should be defined for the Tax application.
| Property | Value |
|---|---|
| Property Name | Allow Jurisdictional Netting National |
| Keyword | NettingNat |
| UD Field | ALL |
| Valid Entry | Yes or No. Valid only when specified at the Parent Entity level. |
| Default | No |
| Example | NettingNat: Yes |
| Description | This setting is used for Jurisdictional Netting. Deferred tax asset/liability classifications are calculated at the parent level if the setting is Yes for the parent entity. The setting is used in conjunction with an alternate entity hierarchy where netting is required. The result of jurisdictional netting does not impact the movement of deferred tax assets, liabilities in the Tax Account Rollforward. Calculations are performed only when all the base members of the parent entity have the same Domicile and there are no other descendants with the property value setting of Yes. If Jurisdictional Netting applies, then Asset and Liability calculations, VA allocation, and Reclass calculations are done at the parent entity level and can be viewed in the classification section of the deferred tax rollforward. This is designed for an alternate entity hierarchy.
For example: ConsolGroup1
ConsolGroup1 is an alternate hierarchy, with two entities (LE101 and LE102), which are also part of the EasternUSA hierarchy. |
| Property | Value |
|---|---|
| Property Name | Allow Unitary Filing |
| Keyword | NettingReg |
| UD Field | ALL |
| Valid Entry | Yes or No. Valid only when specified at the Parent Entity level. |
| Default | No |
| Example | NettingReg: Yes |
| Description | This setting is similar to the National Setting, and is used for Unitary Filing. Deferred tax asset/liability classifications are calculated at the parent level if the setting is Yes for the parent entity. The result of unitary filing does not impact the movement of deferred tax assets, liabilities in the Tax Account Rollforward. Calculations are performed only when all the base members of the parent entity have the same Domicile and there are no other descendants with the property value setting of Yes. Additional Netting should be set to Yes at the Region (Jurisdiction member). Reclass calculations are done at the parent entity level and can be viewed in the classification section of the deferred tax rollforward. |
| Property | Value |
|---|---|
| Property Name | CalcNIBTFX |
| Keyword | CalcNIBTFX |
| UD Field | ALL |
| Valid Entry | Yes or No |
| Default | No |
| Example | TotalCanada:CalcNIBTFX:Yes |
| Description | This property allows you to use an NIBT override translation account for the parent Entity. By default, the rate cannot be entered at the parent. This property enables the rate to be entered at the parent. CalcNIBTFX:Yes enables the input for the override rate accounts defined under this hierarchy (CurrencyRates\Overriderates). |
| Property | Value |
|---|---|
| Property Name | Domicile Country |
| Keyword | Domicile |
| UD Field | ALL |
| Valid Entry | One of the countries in the hierarchy of National defined in the Jurisdiction dimension. |
| Default | <Blank>. This keyword should be specified for all base entities. |
| Example | Domicile: US |
| Description | This entry is used to identify the principle place of business of the Entity, and to identify which Jurisdiction member is valid for the entity. For example, if the entity is set to have Domicile: US, then the valid Jurisdiction member under AllNational for the entity is US. Because US also has regional members, then all members under US_Regions are potential valid Jurisdiction members for the entity.
Caution: If you change the Domicile for an Entity, you must clear the data for the Entity, load metadata and rules (even if no changes were made to rules), and recalculate. |
| Property | Value |
|---|---|
| Property Name | Groups |
| Keyword | Grps |
| UD Field | ALL |
| Valid Entry | <Valid group names separated by &> |
| Default | None |
| Example | LE101: Grps:G1&G2&G3 |
| Description | Groups defined for Accounts (Tax or BVT Accounts) can be specified using this property. Multiple groups can be specified by using an ampersand (&) in the keyword. this allows data entry for those accounts that belong to the group at the parent level. |
| Property | Value |
|---|---|
| Property Name | Regional Deduction |
| Keyword | RDeduct |
| UD Field | ALL |
| Valid Entry | Yes or No |
| Default | No |
| Example | RDeduct: Yes |
| Description | This setting specifies whether the Regional tax expense is deductible, or if the Regional tax benefit is taxable on the National Provision. For example, if the entity has RDeduct:Yes, and if the entity has two valid regions, the amount deductible on the National provision is the sum of the Regional Current Provision of both active regions. |
| Property | Value |
|---|---|
| Property Name | TaxCalc |
| Keyword | TaxCalc |
| UD Field | ALL |
| Valid Entry | Yes or No |
| Default | None |
| Example | EasternUSA:TaxCalc:Yes |
| Description | This property can be used to allow tax calculations. By default, tax calculations are performed at the base entity and are not run at the parent entity. To override this, you can use this property.
TaxCalc:Yes. The following tax calculations are performed at the specified entity. Clear_ValidationCellText Pre_TaxCalculations() Calculate_TaxCalculations(True) Post_TaxCalculations() Pre_TARF() Calculate_TARF Post_TARF() Pre_FIN18() Calculate_FIN18 Post_FIN18() Pre_Validations() Calculate_Validations Post_Validations() Clear_Zeros TaxCalc:No. The above-listed tax calculations will not be performed. |
| Property | Value |
|---|---|
| Property Name | TaxRate |
| Keyword | TaxRate |
| UD Field | ALL |
| Valid Entry | Yes or No |
| Default | Yes |
| Example | FLE601:TaxRate:No |
| Description | This setting applies to the Entity for which data needs to be entered in Tax Effected data.
If TaxRate is set to No, then the Entity is allowed for entering tax effected amounts directly in the Deferred Tax Input schedule, and entering Tax Rates in the Entity is not allowed. |
| Property | Value |
|---|---|
| Property Name | Valuation Allowance Allocation |
| Keyword | VAllowAlloc |
| UD Field | ALL |
| Valid Entry | Yes or No |
| Default | No |
| Example | VAllowAlloc: Yes |
| Description | This setting specifies whether the VA allocation is used for journal purposes in the TARF.
Note: You cannot enter data directly into the VA Allocation accounts, because they are calculations. |