Is it possible to apply specific settings to the Return to Accrual for Multi-GAAP members?
When working with reporting GAAP and local GAAP the default is for the Return to Accrual to be shown in the Multi-GAAP member in which it is calculated, however, we want a different outcome.
In our example, the Multi-GAAP structure includes a US GAAP member for reporting purposes (same as the ERP), then an Adjustments member for local GAAP adjustments, then Total Local GAAP.
Total Local GAAP = US GAAP + Local Adjustments
To have the correct Return to Accrual amounts flow through to the RTA deferred tax movements and Tax Account Rollforward for posting journal entries, the RTA for the US GAAP member needs to be populated with amounts from the Total Local GAAP member. This is the actual tax liability and adjustments for that entity and needs to be booked in the ERP (the US GAAP member).