Scribd
Upload
8 views3 pages

Accounting

The document outlines the functionality of the Accounting Property Class within the AA module of Temenos Transact, detailing how it generates accounting movements based on defined rules. It describes the relationship between accounting events and allocation rules, as well as the various product lines and property class types that utilize this accounting system. Additionally, it highlights key features and actions supported by the Accounting Property Class, while noting its lack of association with balance prefixes, periodic attribute classes, and accounting events.

Uploaded by

ayoub sandaoui
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
8 views3 pages

Accounting

The document outlines the functionality of the Accounting Property Class within the AA module of Temenos Transact, detailing how it generates accounting movements based on defined rules. It describes the relationship between accounting events and allocation rules, as well as the various product lines and property class types that utilize this accounting system. Additionally, it highlights key features and actions supported by the Accounting Property Class, while noting its lack of association with balance prefixes, periodic attribute classes, and accounting events.

Uploaded by

ayoub sandaoui
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 3

Home

Accounting
The AA module utilises Temenos Transact rules-based accounting to generate its accounting movements.

The Accounting Property Class is used by all financial products and this controls the link between the accounting
events generated by the property actions and the accounting allocation rules to be applied to these events.

Accounting rules can be defined either based on Property, Property Class or combination of them. If it is defined
based on Property Class, then for all instances of the Property Class the same action and allocations are triggered. If
accounting is defined based on Property Class and Property, then Property takes precedence.

Product Lines

Feedback
The following Product Lines use the Accounting Property Class:

Accounts
Agent
Asset Finance
Deposit
External Product Line
Facility
Lending
Rewards
Safe Deposit Box

Property Class Type


The Accounting Property Class uses the following Property Class Types:

Dated
Enable External Financial
Enabled For Memo
Merging
Tracking Only

Property Type
The Accounting Property Class is associated with the Product Only Property Type. The users can create and maintain
properties.

Balance Prefix and Suffix


The Accounting Property Class is not associated with balance prefix and suffix.

 Attributes

Key Features of Soft Accounting


The following section describes the key features of soft accounting.

 Linking an Action to an Allocation Rule

 Reusing the Same Accounting Property Condition

 Example

 Summary of Rules Based Accounting

 Actions and Accounting Events

 CRF Update

 Allocation Rules

 Entry Details

 Link between Property Accounting Events and Allocation Rules

 Interest Processing for Back Value Transactions

 Upfront Profit

 Internal Booking (Non-Sharia)

 Consolidation of Charges,Tax and Interest

 Commission Amortization Period

 Booking Company

 Adjustment Option

 Separate PL postings for Negative Rates

 STMT.ENTRY Masking

 Property Details

 CRF Reporting
 Call Account Reporting

 Generating Separate Entries For Charge Offsetting

 FASB Guidelines

 Enquiries for Traceability

Periodic Attribute Classes


The Accounting Property Class is not associated with any Periodic attribute class.

Actions
The Accounting Property Class supports the following actions:

Action
Description
Name

UPDATE Allows the User to change any of the ACCOUNTING attributes. This action is initiated as part of the
NEW-ARRANGEMENT and UPDATE-ACCOUNTING activities and amends the accounting rules.

Accounting Events
The Accounting Property Class does not perform any actions that generate accounting events.

Limits Interaction
The Accounting Property Class does not perform any actions that impact the limits system.

You might also like