This chapter contains the following section:
The following terms have been used in this manual.
GL
This module forms the single repository in Oracle FLEXCUBE for financial information and accounting for all types of accounts held by the bank. Balances, turnovers and so on for any account or type of account can be maintained and consolidated.
Leaf GL
A GL that reports to a node GL and is not itself reported to by any other GL.
Node GL
A GL that reports to a main head GL above it and is itself reported to by leaf GLs’ under it.
MIS Class
An identifier for the kind of entity that is identified as the basis for MIS reporting
LCY
The local currency in which profit and loss entries can be posted to a GL. Reporting will obtain details in this currency.
FCY
A foreign currency in which record of the profit and loss entries posted to a GL can be maintained.
Chart of Accounts
The structure or framework in which the different GL’s are maintained, in the bank
Contingent Asset
One of the categories of head GLs that can be maintained in the structure, for the posting of entries related to contingent assets.
Contingent Liability
One of the categories of head GLs that can be maintained in the structure, for the posting of entries related to contingent liabilities.
Position Accounting
Maintaining the position of a foreign currency, by setting up a Position GL and a Position Equivalent GL for each foreign currency
Reporting Lines
Unique codes assigned to each financial information head required for the Head Office and Central Bank. Reporting lines can be associated with the appropriate GL’s that would report to them.