What are the Necessary Activities to Start a New Tax Provision Year - "Forecast"

Attached is a Word document that highlights the steps necessary to start a new tax provision year for a Forecast scenario. Many of these steps will most likely be executed by the Admin.

In the actual scenario, the admin will need to select the forecast scenario where the Interim Run rate will come from and once the Interim Run Rate has been calculated enter the Interim Run Rate.

For each forecast scenario where a tax provision is calculated, the administrator will most likely be responsible for initializing the scenario with data from actuals for a set number of periods and then facilitating data copies within the forecast periods.

Within the XFW_TXP_GLTaxAdmin workflow, there are dashboards to do the following:

• Forecast scenario – Prep tasks
• Forecast scenario – Initialize & Data copy tasks
• Forecast scenario – Data copy tasks (forecast periods)
• TXP_Actual scenario – Initialize tasks

This is a summary of the detailed information that you can find in the "Instruction Guide" that comes with the Tax Provision Blueprint application.