Net Income Before Tax is automatically populated in the Current Provision form through the Tax Automation process. The system provides for several existing Net Income Before Tax adjustments as well as the ability to configure adjustments for situations where the Net Income Before Tax must be adjusted (for example, late adjustments, partnership income, and other). The system provides these Net Income Before Tax adjustments:

• Book Adjustment

• Book Reclassification

You can configure the Net Income Before Tax and Net Income Before Tax adjustments to be automated from the general ledger or manually input.

Automated Setting—If an account is configured as automated, the Net Income Before Tax automation process populates the current provision in local currency from the general ledger. Automatic configuration ensures that the Net Income Before Tax in Oracle Hyperion Financial Management matches the financial statements.

Manual Setting—If an account is configured as manual, the value in this account is entered manually in the current provision and the system translates this value using the average FX rate or override average FX rate as required in the application.