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Interest Accrual IACR posted twice for all Accounts during IC batch executed at End of Month (Doc ID 2667388.1)

Last updated on JUNE 21, 2021

Applies to:

Oracle FLEXCUBE Universal Banking - Version 11.2 and later
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
---------------
List of reported accounts are found to be posted with Interest accrual twice

EXPECTED BEHAVIOR
-----------------------
SYSTEM should post appropriate amount of IACR once

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Execute IC batch during End of Month
2. Verify the accruals posted for the relevant accounts

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, Interest accruals posted twice for several accounts impacting the relevant GL balances

Cause

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In this Document
Symptoms
Cause
Solution
References


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