Reversing Accruals/Deferrals 

Use

This function allows you to reverse one or more accrual or deferral records. You can reverse accruals/deferrals for premiums and discounts, interest accruals/deferrals and accrual/deferral reset postings.

If you have already reset interest accruals/deferrals, you must reverse the reset postings before you can reverse the interest accrual/deferral postings.

If you have carried out a series of accrual/deferral runs using the difference procedure, the program can only reverse the last accrual/deferral run.

Prerequisites

See: Reversals

Procedure

  1. Choose Accounting ® Reversal ® Reverse Accrual/Deferral.
  2. Enter your selection criteria.
  3. In the Control parameters section, select one of the following accrual/deferral types for reversal:
    1. Discount/premium
    2. Interest accruals/deferrals
    3. Reset

If you select the Update planned rec. price gain, the system updates the planned record for the rate gain in the database immediately upon reversal. If you leave this field blank, the planned record for the rate gain is not updated until you next use the Update Planned Records function.

Enter the key date of the accrual/deferral to be reversed (Accrual/deferral key date). If you are reversing an accrual/deferral reset, you still enter the key date for the accrual/deferral itself in this field.

  1. In the Posting control section, enter the Posting date of the reversal.

    2. You use the Posting period field to determine the fiscal month to which the posting is assigned.

  2. Use the Test run field to specify whether you want to carry out a simulation or update run.
  3. Choose Execute.