About the OFSBCE Application

2.3 About the OFSBCE Application

The Oracle Financial Services Balance Computation Engine (OFSBCE) application supports assessment and maintenance of instrument-level accounting balance information. Instrument, in this context, refers to Account in Oracle Financial Services Data Foundation (OFSDF) and this terminology will be used in this document to avoid any ambiguity with the Ledger Account.

OFS Balance Computation Engine also supports the following functions:

Period to date (month, quarter and year to date) average values of instrument-level accounting balance
Revaluation of instrument-level accounting balance
Currency translation of instrument-level accounting balance
Derivation of instrument-level balance in BCE is based on an initial GL/Sub Ledger balance (ledger balance) snapshot and daily/periodic snapshots of corresponding journal entries (debits and credits). Ledger balance and journal entries may be ingested into OFSBCE from external sources.