Estimation Complete Mass Update # When closing of specifically selected Estimation Items has been set in the Multi GAAP system parameters, The Estimation Complete Mass Update functionality can be used to perform the closing.
To get access to the Estimation Complete Mass Update functionality, the correct User Role must be assigned to the user who is about to perform the closing. This is done in the Security functionality.
You can define which businesses that should be included in the Mass Update in two ways:a) Define extract criteria in the Mass Update window, orb) Import a file including businesses that should be updated.
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Four variables that can be used in the Calculation Rules for calculating IBNR and Loss Ratio on an ultimate basis are uploaded from an external file. The upload can be executed by the Ultimate Loss Ratio Import which are available in the Periodic Functions folder on the SICS Desktop. The file to be imported should have a specific syntax as shown below and can be CSV (comma separated variable file) or Excel spreedsheet or text file or any other format as supported by tabular frame work:
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SICS lets you update many balances or worksheets at once by using the mass update facilities. You can access these from the Mass Update Functions and the Periodic Functions folders on the SICS desktop.
Note! The Reporting Classification Detail Mass Update option is visible if Reporting Classification is in use on your system). The Accounting Balance Pairing Status Mass Update is visible if Pending Status for Balance Pairing is in use in your system.
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