Download Mortgages User Manual - Oracle Documentation

Transcript

Balance

Contingent Balance

Income

Expense
You can also link a product to an MIS Group if you do not want to define individual entities for
the product.
Refer the section titled ‘Associating an MIS Group with the product’ in this chapter for more
details.
Revaluation Required
Online Revaluation refers to revaluation done on transaction amounts during transaction
posting, and not as part of an end-of-day process. The Revaluation profit /loss are booked to
the Online ‘Profit GL’ or Online ‘Loss GL’ that you maintain for the GL being revalued.
You can opt for online revaluation by selecting the ‘Reval Reqd’ option.
Profit GL and Loss GL
If you have opted for online revaluation and the result of revaluation is a profit, the profit
amount is credited to the Profit GL you select here. Similarly, if the result of revaluation is a
loss, the loss amount is credited to the Loss GL you specify here.
Reval Txn Code
If you opt for online revaluation, you need to associate the transaction code to be used for
booking revaluation entries. The system will use this transaction code to track the revaluation
entries.
Holiday Treatment
Specify whether holiday treatment is applicable for processing accounting entries falling due
on holidays. Select one of the following:

Yes

No
Rate Type Indicator
Select the rate type indicator used for revaluation purpose from the drop-down list. Following
are the options available in the drop-down list:

Mid

Buy

Sale
GAAP
Indicate the GAAP indicators for which the accounting entry is required for reporting under
multi GAAP accounting. The adjoining option list shows all the GAAP indicators maintained
in the system. Choose the appropriate one.
The system will then post entries into the specified books (GAAP indicators) during the
different events that occur in the lifecycle of the mortgage. You can retrieve the balance for a
certain component in an account in a specific status, for a given GAAP indicator, in a certain
branch, reporting to a certain GL. The system will show the real and contingent balances
accordingly.
Split Balance
Specify whether you need the balances to be split or not. If you check this option, the system
will store the balance break-up for the specified GAAP indicators. You can then retrieve the
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