Create Manual Bookings in Relation to Multi GAAP

Manual booking with regard to Multi GAAP is different from ordinary manual bookings because it has to take care of the different GAAP’s.

How a booking is done depends on the figure to be booked. If the entry code and the amount are the same for all GAAP’s (which should be the case for all liquid bookings) only one booking line in the technical worksheet is needed:

The booking period can be adjusted according to the GAAP. The system defaults a booking period according to the rules defined in the System Parameters. In this way a different time period for the different GAAP’s can be achieved. For example there can be different booking periods for local (4^th quarter 1999), legal (2^ndquarter 1999) and global (3^rd quarter 1999).

If the entry code and/or the amount are different, more than one booking is needed

If the case is that the bookings that should be valid only for one or two GAAP’s nevertheless have booking periods assigned for all GAAP’s (depending on the configuration of the System Parameters). You cannot see from the technical worksheet or business ledger whether a booking or balance is valid for local, legal, or global GAAP. You cannot separate between local, legal, and global GAAP in the technical worksheet or business ledger. Online statistics can be used where you can see the entry code groups that are GAAP specific.

If a manual estimation booking is done and a technical worksheet is closed on a Portfolio Program connected to a Protection Assignment, As Original figures are found on the business ledger of the Protection Assignment.