11.10.2 Contents of the Accrual Control Journal

The accrual control journal, or report as it is referred to in Oracle Lending, lists the loans for which accrual entries were passed as of the current date.

You can opt to run the Accrual Contract Journal in two ways:

• Actual

  The actual accrual report contain the details of the actual accrual entries that were passed as of the date you have indicated.

• Memo

  To recall, the Memo Commission Accrual function automatically accrues the components of the active Loans. The function neither generates any accounting entries nor does it mark the loans as accrued.

  This report merely computes the accrual amount as it would be computed for a regular accrual and reports the accrued figures. It does not pass accounting entries for the same.