Additional (Known) Requirements #DescriptionAdditional InformationOwner/POC 1E& P + Tax Pool – currently offline in Excel – used for M&AUnderway in Talisman.

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Presentation transcript:

Additional (Known) Requirements #DescriptionAdditional InformationOwner/POC 1E& P + Tax Pool – currently offline in Excel – used for M&AUnderway in Talisman Long-term – CorpTax? Kevin to distribute on Excel file. 2Entity or Stock Basis. Selling/Liquidating entity – need to know Tax Basis. No consistent templates or logic – but Steve’s group will develop template. Referred to Steve. Solution TBD. Kevin to distribute on Excel file. Steve 3Forecast – From Hyperion Planning? – need to improve – not just Legal Entity – may need PSL by countries, Region, etc. - Can maybe pull from Hyperion? Kevin to distribute on Excel file. Planning Group – Steve? 4Tax controversy – want module – before UTP (Fin 48/FAS 5) ID issues & also current FIN48 module has limitations - new module should be viewable across Halliburton. Thinking Talisman. Kevin to distribute on Excel file. Janet 5Split year – reorg Support – how does system handle with inbound/outbound organization adjustments– mid-year Legal Entity adjustments. Randy 6Support maintenance of Book-Tax walk at a GL level.Gary 7XBRL capabilitiesGary 8Calculates Tax adjustments to Goodwill/OCI Equity Current/ deferred Expense - tag in every possible way Sch M adjustments. Gary 9Multi-year adjustments (recurring)Gary 10Work paper flexibility to push & pull data – what pre-defined templates do they have – versus flexible approach Gary & randy

Additional (Known) Requirements #DescriptionAdditional InformationOwner/POC 11Can we designate certain (prioritize) which ones require work papers?Gary 12Data collection tool - packageOffline financials we nee to capture.Randy 13Sub F pickups – all compliance tool data needs to feed to Provision 14Automation of compliance forms prep.Randy 15Migration Plan – how to implement with & around existing platform (CorpTax/talisman, etc.) 16NOT FOR VENDORS – how are we going to transition data from combined accounts to break out data (e.g. deferred accounts) Need HAL resources to help

Additional (Known) Requirements #DescriptionAdditional InformationOwner/POC

Additional (Known) Requirements #DescriptionAdditional InformationOwner/POC

Additional (Known) Requirements #DescriptionAdditional InformationOwner/POC

Additional (UnKnown) Requirements #DescriptionAdditional InformationOwner/POC 1Offline processes – can we work process outside of system, or does it need to live in system? 199 R&D, Sub F, E&P pools, Tax Pools 2Data interaction with the tool. – Interface (data bridge) with Talisman for FIT, FIN48, etc.) – Data Transfer package. Kevin 3Thumbnail capability – e.g. attach a checklist to Sch M adjustments (workflow?) Need to go upstream into accounting system and bring result back to Tax. Gary 4Need ability to automate Sch M at a lower level (like Internal Order) – extract from ODS – automate adjustment and link in through Tax Workpaper? How many levels do they allow for automation of GL? Randy 5Can we “bolt on” at multiple levels (GL, ODS-internal orders, etc.)Randy

Additional (UnKnown) Requirements #DescriptionAdditional InformationOwner/POC

Additional (UNKnown) Requirements #DescriptionAdditional InformationOwner/POC