Introduction

The estimations at the portfolio and business level are usually booked when preparing the book closing. An automatic calculation order called “Multi GAAP Accounting Order” does the booking of the estimates. The order does two things:

• Books the estimates either on the business or portfolio ledger depending on where the estimates are entered. The booked estimates are also created as status As original on the ledger of an OCC if the business or portfolio program is connected to a Proportional OCC.
• Compares the estimates and the accounted figures and books the difference. The difference is called accrual and has special entry codes defined by the user.

The accrual is calculated differently for Assumed Business and Portfolio Programs. For an Assumed Business the calculation selects only estimates and bookings from this Assumed Business. For a Portfolio Program the calculation selects estimates and bookings from all attached business.

All estimation and accrual bookings are made on the Estimate tab of a technical worksheet. It is also possible to enter additional bookings on this tab manually. The Multi GAAP Accounting Order takes the manual bookings into account if they have the correct entry codes.