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Usage of FE 457 (Non-interest Expense) and FE 420 (Interest Expense) in OFSAA? (Doc ID 2543007.1)

Last updated on OCTOBER 15, 2019

Applies to:

Oracle Financial Services Profitability Management - Version 8.0.0 and later
Information in this document applies to any platform.
Oracle Financial Services Profitability Management (PFT)
Oracle Financial Services Analytical Applications (OFSAA)
Oracle Financial Services Enterprise Performance Management (EPM)

Goal

What is the usage of Financial Elements (FE) FE 457 (Non-interest Expense) and FE 420 (Interest Expense) in OFSAA?

FE 457 is used in cost allocation process in Profitability module to store bank operational expense whereas FE 420 stands for both interest expense and interest income.

 

Kindly let us know what is the purpose of FE 420 being used as interest expense in OFSAA.

Solution

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