Add Profit or Loss Accounting Definition

To create a Profit/Loss Accounting Definition, perform the following procedure:

Note:

Fields marked in Asterisk (*) are mandatory.

1. Click Add in the Profit/Loss Accounting Definitions pane to open the Profit/Loss Accounting Definition window.

   Figure 8-2 The Profit/Loss Accounting Definition Window

   
   

   

   
   

   The Profit/Loss Accounting Definition window displays the Profit/Loss Accounting Definition Details form.

2. Enter the details in the Profit/Loss Accounting Definition Details form, as tabulated:

   Table 8-1 The Profit/Loss Accounting Definition Details Table

   Field	Description
   Name*	Enter the name of the Profit/Loss Accounting Definition.
   Description	Enter a description for the Profit/Loss Accounting Definition.
   Folder*	Select the folder from the drop-down list. Folders are segments present in the selected Information Domain.
   Access Type*	Select the access type as either Read Only or Read/Write by selecting the appropriate radio button. This selection determines whether the definition should be made available for edit at a later point in time.
   Hierarchy Folder*	Select the hierarchy folder from the drop-down list.
   Hierarchy *	Select the appropriate hierarchy from the drop-down list.
   Legal Entity*	Click Browse adjacent to this field and select a legal entity from the Hierarchy Browser window.
   Reporting Currency*	Select the appropriate currency from the drop-down list.

3. Click Save to save the definition details. The definition is displayed in the Profit/Loss Accounting Definitions pane of the Profit/Loss Accounting Definitions Summary window.

   Note:

   If the Maturity Date of an Instrument is lesser than the as-of-date, such Instruments are included in the Valuations processing, after setting the Fair Value as zero on the as-of-date. Because of this, the application computes the Fair Value Gain or Loss for such Instruments as the difference between zero and the Fair Value as of the Period Start Date.