In Islamic Finance System Is Not Netting ACCR (Accrual) Entries.
(Doc ID 3069928.1)
Last updated on FEBRUARY 11, 2025
Applies to:
Oracle FLEXCUBE Universal Banking - Version 14.7.0.0.0 and laterInformation in this document applies to any platform.
Symptoms
ACTUAL BEHAVIOR
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Bank have configured a simple product with some base elements and posted ACCR of two components and enabled netting on ACCR but on creation of Loan system didn't posted netted entry on ACCR event instead posted single entry pair for each component.
EXPECTED BEHAVIOR
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If the accounting heads are same for multiple components, netted accrual entry should be posted.
STEPS
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The issue can be reproduced at will with the following steps:
1. Verify loan accrual entries.
BUSINESS IMPACT
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The issue has the following business impact:
Due to this issue, users cannot achieve netting of ACCR entries.
Cause
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In this Document
| Symptoms |
| Cause |
| Solution |
| References |