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CHAPTER 38
APPLICATION ACCOUNTING
Ref. : APPACCT
July 1999
Release G10.0
APPLICATION ACCOUNTING
TABLE OF CONTENTS
3
APPLICATION ACCOUNTING..........................................................................3-1
3.1
Introduction..............................................................................................................................3-1
3.2
Overview ...................................................................................................................................3-1
Fiduciary Accounting...............................................................................................................3-7
Ref. : APPACCT
July 1999
Release G10.0
APPLICATION ACCOUNTING
Ref. : APPACCT
July 1999
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APPLICATION ACCOUNTING
3 APPLICATION ACCOUNTING
3.1
Introduction
This section covers the basic of the accounting for each GLOBUS module in order to provide
an overview in a centralised place. This document will be expanded upon for new and
existing applications and feedback from users would be appreciated.
3.2
Overview
3.3
As bankers are used to the concept that for each credit or credits there is a balancing debit or
debits we shall proceed on that premise. In balancing the system GLOBUS uses a few key
accounting entry files and some database type balancing files. these are:
3.3.1 STMT.ENTRY
The STMT.ENTRY file contains the debit/credit entries that are passed over any accounts that
are entered in the ACCOUNT application. If you check a record in ACCOUNT you will see
several balances; such as OPEN.ACTUAL.BAL and OPEN.CLEARED.BAL , this concept could be
called a database type balance in that the amounts are affected by entries.
3.3.2 CATEG.ENTRY
All P/L entries are posted to the CATEG.ENTRY file and are amalgamated into the
CONSOLIDATE.PRFT.LOSS file. There is no actual General Ledger account for these entries,
the virtual account this uses is explained below.
Ref. : APPACCT
July 1999
3-1
Release G10.0
APPLICATION ACCOUNTING
3.3.3 RE.CONSOL.SPEC.ENTRY
The RE.CONSOL.SPEC.ENTRY file is so named as it contains the special entries used to
update the balances on the consolidation files. These entries are comprised of entries that are
not passed through the CATEG.ENTRY or STMT.ENTRY files.
3.4
CRB Keys/Files
As mentioned earlier GLOBUS does not require General Ledger accounts, so how does it
maintain a General Ledger system? In order to understand this let us consider the problems in
systems that use General Ledger accounts. An account must be opened in each currency you
deal in, for transactions such as loans you may have many different types such as corporate
loans, inter-bank loans, personal loans, to name just a few. If you need these broken down by
residence, nationality and industry that would mean for a basket of 12 active currencies there
would need to be at least 108 accounts! Obviously you may not open these all at once, but
over a period you will accumulate many accounts and their administration would require a lot
of effort.
In GLOBUS the transaction data is used to feed the General Ledger, this is accomplished by
telling GLOBUS how you wish to analyse the data. One of the first files set-up on
implementation is the CONSOLIDATE.COND, which has just two records viz. ASSET&LIAB
and PROFIT&LOSS. Here you specify where GLOBUS search for the required data such as
Industry code, Nationality, and Residence.
Once this file and the application parameters are in place GLOBUS is ready to create and
maintain a General Ledger. See the Reporting section of the User Guide for more details on
setting up the CRF system in GLOBUS.
Ref. : APPACCT
July 1999
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APPLICATION ACCOUNTING
Ref. : APPACCT
July 1999
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APPLICATION ACCOUNTING
Note:
Some asset types are contingent and reported off balance sheet, others are non-contingent.
The CRF types, which we will be referring to, are detailed in the Reporting chapter of the
User Guide
3.4.2 CONSOLIDATE.PRFT.LOSS file
Similar in concept and use to the CONSOLIDATE.ASST.LIAB, this file records the balance
and movements based on the P/L categories.
Again when building the General Ledger we can sum records or report them based on our
required decisions. For example income earned on current accounts by industry.
Ref. : APPACCT
July 1999
3-4
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3.5
APPLICATION ACCOUNTING
CRB Examples
USD 100,000.00cr
USD 100,000.00dr
Ref. : APPACCT
July 1999
3-5
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APPLICATION ACCOUNTING
Ref. : APPACCT
July 1999
3-6
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3.6
APPLICATION ACCOUNTING
Fiduciary Accounting
Accounting entries are generated at various stages throughout the life of the contract. These
are all contingent as the deposit and placement are off balance sheet items for the bank.
1) Order Unplaced
Only forward entries are raised i.e.
Dr
Cr
Dr
Cr
Drawdown A/C
(principal)
Principal Liquidation A/C
(principal)
Commission Liquidation A/C (commission)
Interest Liquidation A/C
(interest)
2) Order Placed
Forward Valued Order
Cr
CRF type FWDCONTCR
(principal)
(principal)
3) Drawdown
Drawdown Order
Dr
Cr
Drawdown A/C
CRF type CONTCR
(principal)
(principal)
Commission in Advance
Dr
Commission Liquidation A/C (commission)
Cr
P&L PL Accr Comm
(commission)
Note: PL Accr Comm is a user defined category on FD.PARAMETER.
Drawdown Placement
Dr
CRF type CONTDB
Cr
Drawdown A/C
4) Commission in Arrears Accrual
Order
Dr
CRF type PL Accr Comm
Cr
P&L PL Accr Comm
(principal)
(principal)
(accrued commission)
(accrued commission)
5) Interest Payment
Order
Cr
(interest)
Ref. : APPACCT
July 1999
3-7
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Placement
APPLICATION ACCOUNTING
Cr
(commission)
Dr
(interest)
Dr
Cr
(principal)
(principal)
6) Maturity
Order
Commission in Arrears
Dr
Commission Liquidation A/C (commission)
Cr
CRF type CONTDB
(commission)
Placement
Ref. : APPACCT
Dr
Cr
July 1999
3-8
(principal)
(principal)
Release G10.0
3.7
APPLICATION ACCOUNTING
Letters of Credit
Ref. : APPACCT
July 1999
3-9
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APPLICATION ACCOUNTING
For the following, the transaction code will be taken from the FT.CHARGE.TYPE or
FT.COMMISSION.TYPE record :FTDR
FTCR
For the contingent entries. the single sided entry is shown. This has been done so that when the
option for single sided contingent is used the entry shown will be the one raised.
Where the option to have self balancing contingents is taken then the opposite signed entry will
be raised. The sign will be different and the asset type will have BL at the end otherwise the
details will be the same.
Special entries will be always be raised as part of the end of day processing.
The Stmt and Categ Entries will either be raised online or as part of the end of day.
Detailed below are examples of the accounting movements the system generates in respect of the
various types of letter of credit and documentary collection transactions.
The examples only indicate the basic ACCOUNT movements. Credit entries to "Profit and Loss"
account have not been shown. However, to give an illustration of a transaction incorporating
profit and loss entries please refer to export credit item "Sight Payment".
3.7.2 Import letters of credits
Detailed below are the entries generated for the various types of imports in the date of input or
value date.
3.7.2.1
Ref. : APPACCT
NEW
July 1999
3-10
ISSUE
Release G10.0
3.7.2.2
APPLICATION ACCOUNTING
INC
ISSUE
DEC
ISSUE
3.7.2.3
On the value date a drawing for 300,000 is paid:Debit "Outstanding Credit Unused"
Special
300,000
LIQ
ISSUE
Ref. : APPACCT
July 1999
3-11
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3.7.2.4
APPLICATION ACCOUNTING
Usance Acceptance
100,000
LIQ
ISSUE
NEW
ACPTCONTRA
ACPTBANK
ACPTHO
ACPTSUBS
MAT
ACPTCONTRA
ACPTBANK
ACPTHO
ACPTSUBS
The following entries will be raised online if the status is changed to MA online. Otherwise
entries will be raised as part of the end of day processing.
Credit nostro through which payment will be made to the other bank.
Stmt
100,000
PAYCR
Debit customer account for whom the letter of credit was opened.
Stmt
100,000
PAYDR
Ref. : APPACCT
July 1999
3-12
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3.7.2.5
APPLICATION ACCOUNTING
A drawing for 350,000 payable at sight sent for collection/acceptance by the customer for whom
the letter of credit was opened.
On day sent for collection :Credit Items sent for collection"
Special
350,000
NEW
COLL
350,000
LIQ
ISSUE
350,000
PAY
COLL
3.7.2.6
A drawing for 225,000 payable at sight is sent for collection to the customer for whom the letter
of credit was opened and it is not paid.
On day sent for collection :Credit "Items sent for collection"
Special
225,000
NEW
COLL
NCP
COLL
On day notice of non payment is received :Debit "Items sent for collection"
Special
Ref. : APPACCT
225,000
July 1999
3-13
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3.7.2.7
APPLICATION ACCOUNTING
A drawing for 150,000 payable in 90 days is sent for collection to the customer for whom a letter
of credit was opened and is accepted or paid.
On day sent for collection :Credit "Items sent for collection"
Special
150,000
NEW
COLL
If only payment received on after payment date the process as for a sight collection paid.
Otherwise if acceptance received before payment date then process as follows.
On day acceptance received :Debit "Items sent for collection"
Special
150,000
PAY
COLL
150,000
LIQ
ISSUE
NEW
ACPTCONTRA
ACPTBANK
ACPTHO
ACPTSUBS
MAT
Ref. : APPACCT
July 1999
3-14
ACPTCONTRA
ACPTBANK
ACPTHO
ACPTSUBS
Release G10.0
APPLICATION ACCOUNTING
The following entries will be raised online if the status is changed to MA online, otherwise
entries will be raised as part of the end of day processing.
Credit nostro through which payment will be made to the other bank.
Stmt
150,000
PAYCR
Debit customer account for whom the letter of credit was opened.
Stmt
150,000
PAYDR
3.7.2.8
A drawing for 175,000 payable in 90 days is sent for collection to the customer for whom the
letter of credit was opened and it is not accepted or paid.
On day sent for collection :Credit "Items sent for collection"
Special
175,000
NEW
COLL
3.7.2.9
175,000
NCP
COLL
When a LC matures with a balance of 250,000 yet to be drawn, then on the maturity date:Debit "Outstanding credit unused".
Special
250,000
MAT
ISSUE
Ref. : APPACCT
July 1999
3-15
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3.7.3.1
APPLICATION ACCOUNTING
Requested to advise a letter of credit which has been opened for 2 million. On the day the letter
of credit is input to GLOBUS: Credit "LC advised"
Special
3.7.3.2
2,000,000
NEW
ADVICE
Request to confirm
Requested to confirm a letter of credit which has been opened for 1.5 million. On the day the
letter of credit is input to GLOBUS:Credit "Outstanding credit unused"
Special
1,500,000
3.7.3.3
NEW
CONFIRM
Request to open
A letter of credit is issued for 1 million. On the day it is input to GLOBUS:Credit "Outstanding credit unused"
Special
1,000,000
Ref. : APPACCT
NEW
July 1999
3-16
OPEN
Release G10.0
3.7.3.4
APPLICATION ACCOUNTING
We are originally requested to advice a letter of credit for 2.5 million. We are subsequently asked
to confirm the same letter of credit.
On the day the original letter of credit is input to GLOBUS:Credit "LC advised"
Special
2,500,000
NEW
ADVICE
On the day the letter of credit is changed to confirmed: Debit "LC advised"
Special
2,500,000
CON
ADVICE
ADV
CONFIRM
3.7.3.5
A letter of credit is increased by 125,000. On the day of increase:Credit "LC advised" or "Outstanding credit unused"
Special
125,000
INC
ADVICE/CONFIRM/OPEN
A letter of credit is decreased by 110,000. On the day of decrease:Debit "LC advised" or "Outstanding credit unused"
Special
110,000
D
Ref. : APPACCT
July 1999
3-17
ADVICE/CONFIRM/OPEN
Release G10.0
3.7.3.6
APPLICATION ACCOUNTING
A drawing for 300,000 payable at sight is made then on the day payment is made :Debit "Outstanding credit unused"
Special
300,000
LIQ
ISSUE
PAYCR
Debit nostro through which payment will be received from the other bank.
Stmt
300,000
PAYDR
Note: A message (Swift, telex, etc.) will be sent to this bank to advise that payment has been
made under a letter of credit and requesting reimbursement.
3.7.3.7
100,000
LIQ
ISSUE
NEW
ACPTCONTRA
100,000
NEW
ACPT
MAT
ACPTCONTRA
MAT
ACPT
Ref. : APPACCT
100,000
July 1999
3-18
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APPLICATION ACCOUNTING
The following entries will be raised online if the status is changed to MA online. Otherwise
entries will be raised as part of the end of day processing.
Credit account of customer requesting payment.
Stmt
100,000
PAYCR
Debit nostro through which payment will be received from the other bank.
Stmt
100,000
PAYDR
3.7.3.8
A drawing for 200,000 is accepted payable in 90 days and is then presented for discount.
On day of acceptance :Debit "Outstanding credit unused".
Special
200,000
LIQ
ISSUE
NEW
ACPTCONTRA
NEW
ACPT
200,000
On day of discounting assume this to be the same as acceptance day and that the amount for
discount is 75 per day which gives a total of 6,750 over the 90 days :The special entries will be raised as part of the end of day, but the Stmt entry will be raised
online.
Note, for the "Own acceptances discounted" and "Discount received not yet earned" the CRF
key will need to be created using the customer to whom the discount has been given.
Debit "Own acceptances discounted".
Special
200,000
NEW
LIVEDB
CAP
Ref. : APPACCT
July 1999
3-19
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APPLICATION ACCOUNTING
At the first month end as part of the end of day run an accrual will be made for the current month
assuming 10 days in month 1. :Debit "Discount received not yet earned".
Special
750
ACC
Credit profit and loss for discount earned using the discount category code from LC.PARAMETER.
Categ
750
DISPL
At the other two month ends as part of the end of day run an accrual will be made for the current
month assuming 31 days in each of the months:Debit "Discount received not yet Earned".
Special
2,325
ACC
Credit Profit and loss for discount earned using the discount category code from LC.PARAMETER.
Categ
2,325
DISPL
On day expiry of 90 Days :These entries will be raised as part of the end of day run :Credit "Customers liabilities for acceptance".
Special
200,000
MAT
ACPTCONTRA
200,000
MAT
ACPT
ACC
Credit P&L for discount earned using the category code from LC.PARAMETER.
Categ
1,350
DISPL
Credit "Own acceptances discounted".
Special
200,000
MAT
LIVEDB
Debit nostro through which payment will be received from the other bank.
Stmt
200,000
PAYDR
Ref. : APPACCT
July 1999
3-20
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3.7.3.9
APPLICATION ACCOUNTING
A drawing for 400,000 is accepted payable in 90 days and is then presented for discount.
On day of acceptance :Debit "Outstanding credit unused".
Special
400,000
LIQ
ISSUE
NEW
ACPTCONTRA
NEW
ACPT
400,000
On day of discounting assume this to be the same as acceptance day and that the amount for
discount works out at being 150 per day giving a total of 13,500 over the 90 days and the extra
load amount is 50 per day giving a total of 4,500 over the 90 days :The special entries will be raised during end of day, but the Stmt entry will be raised online.
Note for the "Own acceptances discounted" and "Discount received not yet earned" the CRF
key will need to be created using the customer to whom the discount has been given.
Debit "Own acceptances discounted".
Special
400,000
NEW
LIVEDB
CAP
CAP
Ref. : APPACCT
July 1999
3-21
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APPLICATION ACCOUNTING
At the first month end as part of the end of day run an accrual will be made for the current month
assuming 10 days in month 1. :Debit "Discount received not yet earned".
Special
1,500
ACC
Credit profit and loss for discount earned using the discount category code from LC Parameter.
Categ
1,500
DISPL
Debit "Discount (load) received not yet earned".
Special
500
ACC
Credit profit and loss for discount (load) earned using the load category code from LC Parameter.
Categ
500
DISPL
At the other two month ends as part of the end of day run an accrual will be made for the current
month assuming 31 days in each of the months:Debit "Discount received not yet earned".
Special
4,650
ACC
Credit Profit and loss for discount earned using the discount category code from LC Parameter.
Categ
4,650
DISPL
Debit "Discount (load) received not yet earned".
Special
1,550
ACC
Credit Profit and loss for discount (load) earned using the load category code from LC Parameter.
Categ
1,550
DISPL
Ref. : APPACCT
July 1999
3-22
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APPLICATION ACCOUNTING
On day of expiry, of 90 Days, these entries will be raised as part of the end of day run:Credit "Customers liabilities for acceptance".
Special
400,000
MAT
ACPTCONTRA
400,000
MAT
ACPT
ACC
Credit profit and loss for discount earned using the discount category code from LC Parameter.
Categ
2,700
DISPL
Debit "Discount (load) received not yet earned".
Special
900
ACC
Credit profit and loss for discount (load) earned using the load category code from LC Parameter.
Categ
900
DISPL
Credit "Own acceptances discounted".
Special
400,000
MAT
LIVEDB
Debit nostro through which payment will be received from the other bank.
Stmt
400,000
PAYDR
Ref. : APPACCT
July 1999
3-23
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APPLICATION ACCOUNTING
A drawing for 350,000 payable at sight sent for collection to the Bank that opened the LC and
payment is made.
On day sent for collection :Credit "Items sent for collection"
Special
350,000
NEW
COLL
LIQ
ISSUE
PAY
COLL
350,000
PAYCR
Debit nostro through which payment was received from the other bank.
Stmt
350,000
PAYDR
A drawing for 225,000 payable at sight is sent for collection to the bank that opened the letter of
credit but it is not paid.
On day sent for collection :Credit "Items sent for collection"
Special
225,000
NEW
COLL
NCP
COLL
Ref. : APPACCT
225,000
July 1999
3-24
Release G10.0
APPLICATION ACCOUNTING
A drawing for 350,000 payable at sight sent for collection to the bank that opened the letter of
credit. Payment is made to the exporter under reserve and payment is received from the opening
bank.
On day sent for collection :Credit "Items sent for collection"
Special
350,000
NEW
COLL
NEW
PAYRES
RESCR
350,000
LIQ
ISSUE
350,000
PAY
COLL
PAY
PAYRES
Ref. : APPACCT
July 1999
3-25
Release G10.0
APPLICATION ACCOUNTING
A drawing for 225,000 payable at sight is sent for collection to the bank that opened the LC.
Payment is made to the exporter under reserve and the payment is not received from the opening
bank.
On day sent for collection :Credit "Items sent for collection"
Special
225,000
NEW
COLL
NEW
PAYRES
RESCR
225,000
NCP
COLL
NCP
PAYRES
Ref. : APPACCT
RESDR
July 1999
3-26
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APPLICATION ACCOUNTING
A drawing for 150,000 payable in 90 days is sent for collection to the customer for whom the
letter of credit was opened and is accepted or paid.
On day sent for collection :Credit "Items sent for collection"
Special
150,000
NEW
COLL
If the payment is received on or after the payment date then accounting is the same as for a sight
collection paid. Otherwise if the acceptance is received before payment date then process as
follows.
On day acceptance received :Debit "Items sent for collection"
Special
150,000
PAY
COLL
LIQ
ISSUE
NEW
ACPTCONTRA
150,000
NEW
ACPT
MAT
ACPTCONTRA
NEW
ACPT
150,000
The following entries will be raised online if the status is changed to MA online. Otherwise
entries will be raised as part of the end of day processing.
Credit customer requesting payment.
Stmt
150,000
PAYCR
Debit nostro through which payment was received from the other bank.
Stmt
150,000
PAYDR
Ref. : APPACCT
July 1999
3-27
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APPLICATION ACCOUNTING
A drawing for 175,000 payable in 90 days is sent for collection to the customer for whom the
letter of credit was opened and is not accepted/paid.
On day sent for collection :Credit "Items sent for collection"
Special
175,000
NEW
COLL
On day notice of non payment/acceptance is received :Debit "Items sent for collection"
Special
175,000
NCP
COLL
For export letter of credit it is possible that payment can be made to the customer at the time the
documents are presented. This payment is made under reserve meaning that if there are any
problems the money can be claimed back.
For sight collections the entries that will be raised are shown.
Similar processing can happen in Usance collections.
When a letter of credit matures with a balance of 250,000 yet to be drawn, then on the maturity
date :Debit "Outstanding credit unused".
Special
250,000
MAT
ISSUE
3.7.4 CHARGES
3.7.4.1
Where a charge for 500 is applied directly and not accrued then the following entries are raised
on the date of the charge. These entries will be raised online, when the charges are entered.
Debit Customer paying
Stmt
500
FTDR
Credit profit and loss using the category code from the charge (see note 1)
Categ
500
FTCR
Ref. : APPACCT
July 1999
3-28
Release G10.0
3.7.4.2
APPLICATION ACCOUNTING
Where a charge for 600 is applied directly and accrued over 3 months then the following entries
are raised.
At time of charge (stmt entry raised online, special entry raised as part of the end of day run):Debit Customer paying
Stmt
600
FTDR
CAP
At each month end, as part of the end of day run, assuming charges accrued over three equal
months:Debit "Charges received not yet earned".
Special
200
ACC
Credit profit and loss for charges using the category code from the charge (see note 2)
Categ
200
AMRT
Ref. : APPACCT
July 1999
3-29
Release G10.0
3.7.4.3
APPLICATION ACCOUNTING
Where charges for 700 are claimed from some one else then the following entries are raised.
At time of claiming charge (Categ raised online, special during end of day ):Debit "Charges claimed"
Special
700
CLM
Credit profit and loss for the charges using the category code for charge (see note 1)
Categ
700
CENCPL
When charges are paid (Stmt raised online, special during end of day):Credit "Charges claimed"
Special
700
PAY
700
CENCPY
3.7.4.4
Where charges for 800 are claimed from some one else but are not paid.
At time of claiming charge (Categ raised online, special during end of day):Debit "Charges Claimed"
Special
800
CLM
Credit profit and loss for the charges using the category code for charge (see note 1)
Categ
800
CENCPL
Category code for charge
When charges are paid (Categ raised online, special in end of day):-.
Credit "Charges claimed"
Special
800
NOP
Debit profit and loss for the charges using the category code for charge (see note 1)
Categ
800
CENCNP
Customer paying charge.
Ref. : APPACCT
July 1999
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APPLICATION ACCOUNTING
Note 2.
Ref. : APPACCT
July 1999
3-31
Release G10.0
3.8
APPLICATION ACCOUNTING
Teller Accounting
It is possible to raise entries through the TELLER application that have exposure splits on them.
This has been illustrated with an example shown below:
Customer A makes a deposit for $12,000 of which $4,000 in cash and a $1,000 Cashiers
Check is made immediately available. The transactions made are described as under:
Transaction
Type
Cash
Cashier
Cheque
Cheque
(Local)
Cheque (Out
of State)
Cheque
(Foreign)
Ref. : APPACCT
Transaction
Amount
4,000.00
1,000.00
Amount
of Float
0
0
Number of
days float
0
0
500.00
500.00
5,000.00
2,000.00
3,000.00
1,500.00
4
8
13
1,500.00
July 1999
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Release G10.0
APPLICATION ACCOUNTING
The value date on all above transactions must be set to the same value. Let us assume that the
value date for all of the transactions made is the 29/06/98, the same as the booking date for
the transactions. Assuming that these are the only deposits made to the account, this would
cause the following balances on the account for the following days:
Date
29/06/98
30/06/98
01/07/98
02/07/98
03/07/98
04/07/98
05/07/98
06/07/98
07/07/98
08/07/98
09/07/98
10/07/98
11/07/98
12/07/98
13/07/98
14/07/98
15/07/98
16/07/98
Day of
the
Week
Mon
Tues
Wed
Thurs
Fri
Sat
Sun
Mon
Tues
Wed
Thurs
Fri
Sat
Sun
Mon
Tues
Wed
Thurs
Ref. : APPACCT
Float
Days
Actual
Days
0
1
2
3
4
5
6
7
8
9
10
11
12
13
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
Total
amount of
Float
7,000
7,000
6,500
6,500
4,500
4,500
4,500
4,500
4,500
4,500
1,500
1,500
1,500
1,500
1,500
1,500
1,500
0
July 1999
3-33
Available
Balance
5,000
5,000
5,500
5,500
7,500
7,500
7,500
7,500
7,500
7,500
10,500
10,500
10,500
10,500
10,500
10,500
10,500
12,000
Ledger
(Book)
Balance
12,000
12,000
12,000
12,000
12,000
12,000
12,000
12,000
12,000
12,000
12,000
12,000
12,000
12,000
12,000
12,000
12,000
12,000
Value
Balance
12,000
12,000
12,000
12,000
12,000
12,000
12,000
12,000
12,000
12,000
12,000
12,000
12,000
12,000
12,000
12,000
12,000
12,000
Release G10.0
APPLICATION ACCOUNTING
If on Monday (the 5th business day from the first deposit) a deposit is made for 15,000 value
dated the 06/07/98 of which all checks are drawn locally and all items are floated for 3 days
as shown under:
Transaction
Type
Cheque
(Local)
Transaction
Amount
15,000
Amount
of Float
15,000
Number of
days float
3
29/06/98
30/06/98
01/07/98
02/07/98
03/07/98
04/07/98
05/07/98
06/07/98
07/07/98
08/07/98
09/07/98
10/07/98
11/07/98
12/07/98
13/07/98
14/07/98
15/07/98
16/07/98
Day of
the
Week
Mon
Tue
Wed
Thurs
Fri
Sat
Sun
Mon
Tue
Wed
Thurs
Fri
Sat
Sun
Mon
Tue
Wed
Thurs
Ref. : APPACCT
Float
Days
Actual
Days
0
1
2
3
4
5
6
7
8
9
10
11
12
13
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
Total
amount
of Float
7,000
7,000
6,500
6,500
4,500
4,500
4,500
19,500
19,500
19,500
1,500
1,500
1,500
1,500
1,500
1,500
1,500
0
July 1999
3-34
Available
Balance
5,000
5,000
5,500
5,500
7,500
7,500
7,500
7,500
7,500
7,500
25,500
25,500
25,500
25,500
25,500
25,500
25,500
27,000
Ledger
(Book)
Balance
12,000
12,000
12,000
12,000
12,000
12,000
12,000
27,000
27,000
27,000
27,000
27,000
27,000
27,000
27,000
27,000
27,000
27,000
Value
Balance
12,000
12,000
12,000
12,000
12,000
12,000
12,000
27,000
27,000
27,000
27,000
27,000
27,000
27,000
27,000
27,000
27,000
27,000
Release G10.0
3.9
APPLICATION ACCOUNTING
REVALUATION.PARAMETER
Ref. : APPACCT
July 1999
3-35
Release G10.0
APPLICATION ACCOUNTING
ENTRY
Revaluation Loss
DR P&L Exchange
CR Exchange Adjustment
Revaluation Profit
DR Exchange Adjustment
CR P&L Exchange
SOURCE
STAT ENTRY
CATEG ENTRY
PRODUCT
CATEGORY
TXN
CODE
N/A
ACCOUNT.CLASS
= ExchAdj
N/A
LCYCATEGNNNN
LOSS.CATEG
N/A
LOSS.PROD.CATEG
N/A
LOSS.DR.TXN.CD
LOSS.CR.TXN.CD
ACCOUNT.CLASS
= ExchAdj
LCYCATEGNNNN
N/A
N/A
PRFT.DR.TXN.CD
N/A
N/A
PRFT.CATEG
PRFT.PROD.CATEG
PRFT.CR.TXN.CD
Ref. : APPACCT
July 1999
3-36
Release G10.0
APPLICATION ACCOUNTING
Ref. : APPACCT
July 1999
3-37
Release G10.0