Modification Accounting

Support the 10% NPV Test.

The system identifies the derecognition or modification event based on the qualitative test and quantitative (10% NPV) test. Based on these events accounting adjustments take place.

With this feature, users can differentiate the derecognized and modified accounts and provide a different accounting treatment to those accounts.

Steps to Enable

You don't need to do anything to enable this feature.

Key Resources

• OFS Accounting Standards Cloud Service