Atlanta, GA (September 14, 2012) Time Warner Cable trusts PowerPlan for deferred tax management. PowerPlan handles apportionments, calculates effective tax rates by lines of business and consolidation levels, and creates monthly general ledger entries, true-ups, footnotes and disclosures. PowerTax Provision processing, executed during the monthly closing cycle, provides the monthly accrual entries for current and deferred taxes, as well as liability computations for all taxing jurisdictions.
About Time Warner Cable Inc.:
Time Warner Cable Inc. offers video, high-speed data, and voice services over its broadband cable systems to residential and business service customers. The company provides a range of video services, including video on demand and digital video recorder (DVR) services, as well as programming in three-dimensional format; residential high-speed data services with connection to the Internet; wireless mobile broadband services; and digital phone services to residential customers. It also offers residential voice service, digital home phone, and local and long distance calling throughout the United States, Canada, and Puerto Rico; Business Class Phone, a multi-line voice service, which provides various calling plans and other business features, such as call restrictions and three-way call transfer; and Business Class PRI for medium and enterprise-sized businesses and supports approximately 23 simultaneous voice calls on each two-way trunk line. As of December 31, 2011, it served approximately 14.5 million residential and commercial customers in the New York State, the Carolinas, Ohio, southern California, and Texas. Time Warner Cable Inc. is based in New York, New York.
About PowerPlan: PowerPlan software provides financial insight into how complex rules and regulations impact your organization – empowering you to make credible decisions that improve overall corporate performance. The integrated solution provides complete visibility starting with forecasting and monitoring to scenario planning and analytics while maintaining financial compliance. For more information, email firstname.lastname@example.org or visit www.powerplan.com.
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