The opening balances of the fiscal year are rolled forward to the closing balance for each type of loss carried forward in the Rollforward LCF workspace.
The Rollforward LCF workspace is not relevant to German companies and is therefore only available to companies from other countries.
The closing balance of the prior period is displayed in this column via a link with the prior period defined in Income Taxes. It serves as the starting point for the roll forward of the current year.
Adjustments to the closing balances of the prior period may be caused, among other things, by true-up effects. If a true-up period is created in Income Taxes, the adjustment amount determined on this basis is displayed as a proposed value. The prior period can also be manually adjusted in this column. Adjustments from the prior period result in reconciliation items for the TRR.
Manual adjustments that affect the current fiscal year can be made in this column. In this respect, the input cell is used for issues in which the tax law provides for the forfeiture of losses carried forward.
The closing balance is determined automatically. The value is transferred to the "Gross amount" column (row: "unlimited) in the LCF workspace for each loss type.
