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ONESOURCE Uncertain Tax Position App

Currency Translation Adjustments in the UTP Application

Currency Translation Adjustments (CTA)


Components of CTA Beginning Balances - Payable & Deferred
CTA to retranslate the beginning balances from the prior period Ending Spot Rate to the current Ending Spot Rate

P&L Activity
CTA to adjust the P&L Activity that impacts the Ending Payable & Ending Deferred Balances that was recognized in the P&L at a Weighted Average Rate and is retranslated at the Ending Spot Rate in the Ending Balance

CTA on Beginning Balances


Change in Spot Rate on the Payable & Deferred Balances Dataset with rolled over beginning balances will be treated as follows:
In reports the Beginning Balances column will be first translated at Beginning Spot FX CTA will be calculated by taking the difference between Beginning Balances at Ending Spot FX and Beginning Balances at Beginning Spot FX If there is no Activity then the Sum of the Beginning Balances at Beginning Spot FX and the CTA will equal the Ending Balances at Ending Spot FX

CTA on P&L Activity


Difference in Weighted Average and Spot Rate on Activity during the period Activity that impacts the Payable & Deferred Ending Balances that is entered for the period will be treated as follows:
In reports the Change column will be first translated at Weighted Average FX CTA will be calculated by taking the difference between Change at Ending Spot FX and Change at Weighted Average FX If there is no Beginning Balance then the Sum of the Change at Weighted Average FX and the CTA will equal the Ending Balances at Ending Spot FX

Sample CTA Calculations


Beg Balance Report Results: Local Position 1 Position 2 Change CTA Beg Bal CTA Change Total CTA End Balance (1,284) (1,284) Reporting Position 1 Position 2 (175,000) (175,000) (1,284) (175,000) (176,284)

(2,568) (2,568) (291,667) (291,667)

1,141 1,141 97,222 97,222

1,141 97,222 98,364

(1,427) (194,444) (195,871)

Calculations Broken Out: Beg Spot FX 0.5 WA FX 0.6 End Spot FX 0.9 Amounts In Local Beg Spot FX @ Beg Spot FX WA FX @ WA FX End Spot FX @ End Spot FX CTA (1,284) 0.5 (2,568) 0.6 (291,667) 0.9 (1,427) 1,141 (175,000) 0.5 (2,568) 0.6 (291,667) 0.9 (194,444) 97,222 (176,284)

(2,568)

(291,667)

(195,871) 98,364

(195,871)

Payable Report with Sample Calculation

Tabular Rollforward Report with Sample Calculation

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