Required Income Tax Disclosures
Longview Tax produces all required tax disclosures immediately upon closing GAAP Pretax Income by legal entity. Longview Tax's unique architecture allows simultaneous and dynamic rollups of FAS 109, CICA 3465 and/or IAS 12 disclosures using one version of the underlying financial data and the same data used for corporate consolidations. All disclosures are supported by detailed data, by legal entity, by jurisdiction, which can be readily accessed using drill-down functionality.

Tax Provisions by Jurisdiction
Longview Tax contains pre-packaged functionality for the automated calculation of national/state/provincial income tax provisions and deferred/future taxes by legal entity for any and all taxing jurisdictions worldwide. Each jurisdiction's current and deferred/future tax provisions are calculated on a US, Canadian or IFRS GAAP basis, including deferred tax assets and liabilities.

Best-of-Breed Data Management
Longview Tax is proven in handling the data loads of today's complex, global companies. It easily accepts detailed beginning and ending trial balances by legal entity from any ERP system or other source, regardless of the number of legal entities, ERPs or accounts. Then, because of Longview Tax's multi-dimensional database architecture, data can be rolled up and consolidated in multiple and different ways with the assurance that at a global, consolidated level the numbers tie-out. As a result, you can instantaneously report your global results by segment, by geographical area or by legal entity, by jurisdiction upon close.

No Data Refreshing Necessary for Late Adjustments
Longview Tax is designed to automate the reporting of pretax GAAP income on a tax-sensitive legal entity basis. For P&L activity that is booked to a consolidation or elimination entity, for example, Longview Tax can either automatically shift that activity to a designated legal entity in accordance with your defined rules or allow for the manual redistribution of that activity to any legal entity by authorized users.

Since Longview Tax is dynamic, as soon as any post-close adjustments are made by corporate accounting, tax folks need only determine the permanent or temporary nature of those adjustments and the consolidated provision/deferred tax impact is immediately recalculated. In addition, an updated draft income tax footnote is immediately available. This capability ensures that global tax users are always on the same page as corporate accounting, using the most up-to-date financial data regardless of where they are located or when they are viewing reports.

Tax Consolidation/Entity Management
Longview Tax calculates and reports the consolidated/global income tax provision, by legal entity - no matter the type of entity - including the effects of any country or provincial/state tax sub-consolidations (e.g., U.K. group relief, Netherlands fiscal unity, U.S. consolidated or State combined or unitary group, etc.). The flexibility of entity structures allows Longview Tax to compute provisions that exactly match the entity consolidations as reflected in all of a company's global income tax returns/reports. This is one way that Longview Tax addresses the tax knowledge gap of global site controllers. They no longer need to understand the tax treatment of a foreign branch, disregarded entity, dual-resident corporation, etc. in order to calculate accurate country provisions since these tax structures are already defined in Longview Tax.

Hierarchy Manager
The Longview Hierarchy Manager supports simultaneous legal and management reporting views in a single environment. Its built-in financial intelligence understands Balance Forward, standard type rollups, and how accounts behave with respect to others (i.e., parents and/or children) in the hierarchy.

Tax Internal Control Compliance
With built-in features to ensure strict internal tracking and control over all system activity, Longview Tax easily passes Sarbanes-Oxley, and Canadian MI internal control evaluations. Examples include:

• All users are assigned system access based on their roles within the provisioning process;
• Tracking of all users that have accessed the system;
• Identification of any users making changes to an entity structure or tax attribute;
• Tracking of data through the entire data collection and approval cycle, with time/date stamping and all associated users identified;
• Robust analysis and reporting, featuring a broad array of pre-built reports plus capability to easily create and view dynamic or static reports that are fully drillable and exportable to Excel.

Purchase Accounting
Longview Tax enables quick, seamless uploading of new entities and the ability to record the book purchase accounting entries, making it easy to monitor, review and account for businesses on a with and without purchase accounting basis. Your tax department can easily isolate the related book to tax differences by legal entity to appropriately book a tax provision and related deferred taxes on any transactions accounted for as a purchase. Longview Tax also automatically handles entries for ongoing adjustments due to impairment rules, regardless of what cash flow method is used to determine the impairments.

Discontinued Operations (DISCOPS)
With Longview Tax, it is easy to designate a business as a discontinued operation and have the related numbers excluded from the continuing operation's income tax provisions and footnote. No matter what accounting principles are used to define the discontinued operation (US GAAP or IFRS), Longview Tax is able to reflect this change back to any affected reporting periods, an important consideration given its impact on historical tax and other footnotes. Disposals can be tracked whether they are done piece meal or in their entirety, all outside the scope of the continuing operations provisions.

Training & Implementation
Longview's proven implementation methodology delivers timely and predictable results, and because knowledge transfer is critical to the success of every implementation, our Learning and Client Services teams work with you every step of the way to ensure your objectives are met. From developing training plans customized to your needs, to on-site architects and implementation staff, to web-based learning courses, our knowledgeable, industry veterans will ensure you derive maximum value from your investment.

FIN 48 Functionality Coming
Longview is currently developing functionality to track, calculate and report all of the required disclosures pursuant to FIN 48, Accounting for Uncertain Tax Positions. Look for an announcement in spring of 2008!