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Oracle's Hyperion Tax Provision is a pre built application for Oracle Hyperion Financial Management and calculates global tax provision, effective tax rate, and deferred tax for tax provisioning purposes. The application is designed to comply with the standards for accounting for income taxes under US GAAP, ASC740 and IFRS, IAS12. Furthermore, Hyperion Tax Provision may use the same platform as your corporate close process and therefore may be directly integrated utilizing the same metadata. Hyperion Tax Provision automatically calculates the current and deferred income tax provisions by legal entity and by jurisdiction.
Important Note: Prior to installing any product, you must download the EPM System Installer and Foundation Services located in the Foundation Services page. Please refer to the Oracle Hyperion Financial Management, Fusion Edition or Oracle Hyperion Financial Reporting, Oracle Hyperion Smart View for Office for downloading these products.