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T24 Financial Accounting Features
Temenos University - May 2012
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T24 Financial Accounting Features
Temenos University - May 2012
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T24 Financial Accounting Features
Temenos University - May 2012
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T24 Financial Accounting Features
Temenos University - May 2012
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T24 Financial Accounting Features
In this demo, we would open a savings account with mnemonic SS1. We can open an internal account. Also open two current accounts in USD with mnemonic CA1 and CA2
Temenos University - May 2012
T24 Financial Accounting Features
Go to User Menu, Retail operations, Account and open savings account - local The Savings account is opened here
Temenos University - May 2012
T24 Financial Accounting Features
Go to User Menu, Retail operations, Account and open Internal account The internal account is opened here.
Temenos University - May 2012
T24 Financial Accounting Features
Go to User Menu, Retail operations, Account and open current account The current account in USD is opened here
Temenos University - May 2012
T24 Financial Accounting Features
Go to User Menu, Retail operations, Account and open current account Another current account in USD is opened here
Temenos University - May 2012
T24 Financial Accounting Features
In this workshop, let us transfer USD12345 from CA2 to CA1 for value today using FT application. Let us have a look at the entries generated.
Temenos University - May 2012
T24 Financial Accounting Features
Go to User Menu, Retail operations, LCY Draft Issue/Acct Trfr, Transfer between Accounts The amount 12345 is transferred from CA2 to CA1 value today
Temenos University - May 2012
T24 Financial Accounting Features
Go to User Menu, Finance, Journal Facility, Accounting Entries Enquiry, List of Unauthorised transaction Entries The entries related to the FT transaction are listed here.
Temenos University - May 2012
T24 Financial Accounting Features
The STMT.ENTRY is seen here
Temenos University - May 2012
T24 Financial Accounting Features
In this workshop, let us book a FT with a back dated value for an amount of USD 15000 Let us have a look at the accounting entries generated
Temenos University - May 2012
T24 Financial Accounting Features
The FT transaction is booked for a back value date as seen in this workshop
Temenos University - May 2012
T24 Financial Accounting Features
This enquiry shows the accounting entries generated
Temenos University - May 2012
T24 Financial Accounting Features
We can find the statement entry generated with back value date and current exposure date.
Temenos University - May 2012
T24 Financial Accounting Features
In this workshop, we will input a transfer of USD 2500 from CA1 to SSS using the Data Capture application. We can find the impact on balances of account to identify that the balances were updated immediately as DC is a trade dated application.
Temenos University - May 2012
T24 Financial Accounting Features
The account transfer is input for future value date through DC application
Temenos University - May 2012
T24 Financial Accounting Features
The balances are updated in non-contingent balance of the account as seen in the ECB updates.
Temenos University - May 2012
T24 Financial Accounting Features
The balances are updated in non-contingent balance of the account as seen in the ECB updates.
Temenos University - May 2012
T24 Financial Accounting Features
The balance updates are seen the enquiry seen here.
Temenos University - May 2012
T24 Financial Accounting Features
In this workshop, we would transfer USD 2000 from CA1 to SS1 using FT application with debit value after 1 month and credit value after 15 days and get the entry authorised. We would check on the update in the balances of the account.
Temenos University - May 2012
T24 Financial Accounting Features
Go to User Menu, Retail Operations, LCY Draft Issue/Acct Trfr, Transfer between Accounts Please recollect that FT system was already moved to Value Dated accounting in the previous learning unit. We have now input a future value dated FT transaction between CA1 and SS1
Temenos University - May 2012
T24 Financial Accounting Features
Let us have a look at the accounting entries. We find the value date of the STMT.ENTRY is the future value date.
Temenos University - May 2012
T24 Financial Accounting Features
The balances updated in ECB are seen here. We can see the contingent balance is updated for the transaction amount.
Temenos University - May 2012
T24 Financial Accounting Features
The balances updated in ECB are seen here. We can see the contingent balance is updated for the transaction amount.
Temenos University - May 2012
T24 Financial Accounting Features
Temenos University - May 2012
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T24 Financial Accounting Features
We can find the ACCT.ACTIVITY record being created for account wise month wise records
Temenos University - May 2012
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T24 Financial Accounting Features
Temenos University - May 2012
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T24 Financial Accounting Features
In this workshop, we can input a transfer of USD 10000 from staff salary PL code to Special savings account (SS1) The transaction is a future value dated transaction booked using FT application.
Temenos University - May 2012
T24 Financial Accounting Features
We can find the funds transfer being booking between the PL head and customer account with future value date. Please recollect FT system is moved to value dated accounting
Temenos University - May 2012
T24 Financial Accounting Features
The accounting entries are generated as contingent entries and booked as non contingent entries on value date
Temenos University - May 2012
T24 Financial Accounting Features
Accounting entries for Category code generated are displayed here.
Temenos University - May 2012
T24 Financial Accounting Features
Accounting entries for the account generated are displayed here.
Temenos University - May 2012
T24 Financial Accounting Features
Accounting entries of account generated are displayed here.
Temenos University - May 2012
T24 Financial Accounting Features
In this workshop, we can input a transfer of USD 5000 from staff salary PL code to Special savings account (SS1) The transaction is a future value dated transaction booked using DC application which is in trade dated system.
Temenos University - May 2012
T24 Financial Accounting Features
The transfer is booked in the DC application as Debit and Credit legs.
Temenos University - May 2012
T24 Financial Accounting Features
In this enquiry, we can find the accounting entries generated for this transaction
Temenos University - May 2012
T24 Financial Accounting Features
The entries generated are seen here.
Temenos University - May 2012
T24 Financial Accounting Features
Temenos University - May 2012
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T24 Financial Accounting Features
The CATEG.ENT.ACTIVITY and CATEG.ENT.MONTH records are updated here.
Temenos University - May 2012
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T24 Financial Accounting Features
Temenos University - May 2012
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T24 Financial Accounting Features
In this workshop, let us book a loan for fixed interest with start date as a future date and maturity 3 months after start date. We can have a look at the forward entries generated and the related enquires.
Temenos University - May 2012
T24 Financial Accounting Features
Go to User Menu , Treasury Operations , Forex & Money Market Trader , Front Office , Money Market Trader , MM Placements/Loans , Input Fixed Maturity Contracts Input a loan value T+15 and with maturity 3 months after that.
Temenos University - May 2012
T24 Financial Accounting Features
The forward entries generated for this loan are displayed here
Temenos University - May 2012
T24 Financial Accounting Features
The F Stmt entry generated for this transaction are listed here.
Temenos University - May 2012
T24 Financial Accounting Features
We can find the Fstmt entry for the account leg has the account number displayed and the contract leg doesn’t have the account number displayed
Temenos University - May 2012
T24 Financial Accounting Features
In this workshop, we have input a loan for value today and maturity 3 months from then. Let us have a look at the accounting entry generated in the related tables.
Temenos University - May 2012
T24 Financial Accounting Features
Go to User menu, Treasury Operations, Forex & Money Market Trader, Front Office, Money Market Trader, MM placements/Loans, Fixed Maturity contracts Input the contract as desired.
Temenos University - May 2012
T24 Financial Accounting Features
The accounting entries can be seen in the enquiry as displayed here.
Temenos University - May 2012
T24 Financial Accounting Features
The non contingent entries are generated directly for the start date
Temenos University - May 2012
T24 Financial Accounting Features
The F STMT entries for the maturity leg are generated as forward entries
Temenos University - May 2012
T24 Financial Accounting Features
We can find the F STMT entry for the principal and interest legs of account here.
Temenos University - May 2012
T24 Financial Accounting Features
Temenos University - May 2012
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T24 Financial Accounting Features
In this workshop, Let us create a LD deposit with start date as future date but within the cashflow ladder and maturity date beyond the cash flow ladder. Have a look at the balance updates and the accounting entries generated. Let us input a FT with value date after the maturity date of the LD and have a look at the balance updates. Let us also have a look at the contingent spec entries generated for the future value dated FT transaction.
Temenos University - May 2012
T24 Financial Accounting Features
Account.parameter has a setup of cash flow days as 5 Days New Account is created and a loan is released with value date T+2 and maturity date after T+5 say T+7
Temenos University - May 2012
T24 Financial Accounting Features
The balance update and accounting entries are seen here. Only the entry that falls inside the account parameter ladder updates available balance. That is, the maturity amount is not seen as available balance in ECB.
Temenos University - May 2012
T24 Financial Accounting Features
The Fstmt entries are seen here for the loan creation and maturity. These are trigger entries and are single leg entries.
Temenos University - May 2012
T24 Financial Accounting Features
The contingent entry for creation of contract is seen in RE.CONSOL.SPEC.ENTRY
Temenos University - May 2012
T24 Financial Accounting Features
The FT is input with a value date beyond the maturity date of LD
Temenos University - May 2012
T24 Financial Accounting Features
The future value dated STMT.ENTRY is generated for both debit and credit leg.
Temenos University - May 2012
T24 Financial Accounting Features
Contingent entries are generated for the FT transaction for the contingent balances in the account. Reversal of the contingent entries are also generated on the trade itself. The balancing entries can also be seen for the contingent entries.
Temenos University - May 2012
T24 Financial Accounting Features
The contingent entry, reversal of contingent entry and the balancing entries are seen here
Temenos University - May 2012
T24 Financial Accounting Features
The contingent entry, reversal of contingent entry and the balancing entries are seen here
Temenos University - May 2012
T24 Financial Accounting Features
In ECB, we find the contingent balance for FT is also updated now. Also we find the available balances ladder is now expanded till the FT date So the maturity entry and the FT entry are seen in the available balance ladder as well (beyond the cash flow ladder of 5 days)
Temenos University - May 2012
T24 Financial Accounting Features
Temenos University - May 2012
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T24 Financial Accounting Features
In this workshop, we will create a new current account for the customer. Create two AC.CONSOLIDATE.COND records one for customer account and other for category codes And attach them to the respective ones.
Temenos University - May 2012
T24 Financial Accounting Features
Create a new current account for the customer
Temenos University - May 2012
T24 Financial Accounting Features
A new record is created in AC.CONSOLIDATE.COND This record is attached to the new account created.
Temenos University - May 2012
T24 Financial Accounting Features
The new AC.CONSOLIDATE.COND record is created for the category code and attached to the record.
Temenos University - May 2012
T24 Financial Accounting Features
In this workshop, let us book a transaction between the account in which account consolidation conditions are attached and another customer account. Let us view the impact on the accounting entry generated.
Temenos University - May 2012
T24 Financial Accounting Features
FT transaction is booked between the new customer account and the customer account with consolidation conditions.
Temenos University - May 2012
T24 Financial Accounting Features
The accounting entries are displayed here
Temenos University - May 2012
T24 Financial Accounting Features
We can find the STMT.ENTRY generated for one leg of the transaction But other leg for the new account has a STMT.ENTRY.DETAIL generated.
Temenos University - May 2012
T24 Financial Accounting Features
The internal account has only STMT.ENTRY.DETAIL (consolidated entry) generated
Temenos University - May 2012
T24 Financial Accounting Features
In this workshop, let us book a funds transfer between customer account SS1 and the category code with consolidation conditions. Let us have a look at the entries generated.
Temenos University - May 2012
T24 Financial Accounting Features
The FT transaction is booked here
Temenos University - May 2012
T24 Financial Accounting Features
The accounting entries are generated as displayed here
Temenos University - May 2012
T24 Financial Accounting Features
The STMT.ENTRY is generated for account but category code has CATEG.ENTRY.DETAIL generated.
Temenos University - May 2012
T24 Financial Accounting Features
We can find the CATEG.ENTRY generated using the PLCategory code search
Temenos University - May 2012
T24 Financial Accounting Features
The CATEG.ENTRY is displayed here.
Temenos University - May 2012
T24 Financial Accounting Features
The CATEG.ENTRY.DETAIL.XREF entry is also identified
Temenos University - May 2012
T24 Financial Accounting Features
Temenos University - May 2012
T24 Financial Accounting Features
The PL.CONSOL.UPDATE.WORK file is updated as seen here.
Temenos University - May 2012
T24 Financial Accounting Features
Temenos University - May 2012
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T24 Financial Accounting Features
We have now come to the end of this course. We hope that you have attained a high level understanding of T24 and would like to welcome you to join us in our subsequent courses. Thank you!
Temenos University - May 2012
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T24 Financial Accounting Features
Temenos University - May 2012
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