ACP (Comprehension Checks)

ACP (Comprehension Checks)

ACP (Comprehension Checks)

Viet Nguyen

Viet Nguyen

Set of flashcards Details

Flashcards 250
Students 32
Language English
Category Computer Science
Level Other
Created / Updated 30.11.2013 / 25.06.2022
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Is a context action rule entry always necessary when a context action is created?

Yes

Are context actions covered by the access rights concept of Avaloq?

Yes

Which statements about context actions are true? Select the two (2) correct answers. Answers a)There is a view: CTX_ACTION_CODE_RULE_LD_V b)There is a view: CTX_ACTION_META_RULE_LD_V c)There is a view: CTX_ACTION_WFC_RULE_LD_V d)There is a view: CTX_ACTION_DOC_RULE_LD_V e)There is a view: CTX_ACTION_DIV_RULE_LD_V

Correct answers are: a) & d)

Which of the following examples are costs and which are fees?

Credit card charge, fund transfer charge, discretionary portfolio management fee, brokerage fee (railway ticket, car rental, flat rental, parking fee, cinema ticket, flight ticket). fee, cost, fee, cost

Which cost calculation methods exist in Avaloq?

Constant method, linear method (offset and slope), degressive method, minimum/maximum, discount

How can you parameterise the cost calculation methods?

Using the CODE_BOOK and COST_RULE table, Constant method -> offset, Linear method -> offset and factor, Degressive method (boundaries, offset, factor and graduated), Minimum/maximum (Minim_Maxim), Discount

What is the minimum amount Avaloq charges to the client? The minimum, the offset or the sum of minimum and offset?

The sum of minimum and offset.

How do you implement a degression (graduated and non-graduated)?

Without graduation: Enter different factors in a set of rules AND define different offsets. With graduation: Enter only different factors in a set of rules and set the field graduated. The offsets will be calculated automatically.

Put the following steps in the right sequence: Cost rule loading (done with a task), bookings are done (by the book engine), evaluation of COST_RULE (by the cost engine), verify (workflow action selected by the user),

Cost rule loading, evaluation of COST_RULE, verify, bookings are done

A rule is active after it has been loaded and until another rule overwrites the rule. How many cost rules can be active at the same time?

# rules per book kind * #Book Kinds * #Business Units N rules per book kind for each business unit.

List the steps (categories) required when parameterising costs.

Definition of cost master data (CODE_BOOK_KIND) and definition of cost rules (COST_RULE_LD).

Explain the fields of CODE_BOOK_KIND and COST_RULE_LD.

ID, USER_ID, INTL_ID, ACTIVE , META_TYP, QTY_1_BOUND, MEDIUM, QTY_TYPE, QTY_SIGN, FACTOR, MINIM_MAXIM, OFFSET, PRIO, PRIO_A, RULE_A, RULE_SET, BOOK_KIND

Which parameters do you set when you load the cost rules?

We use task 762 "Cost Rule Loading" and specify the rule set, business unit and booking kind.

Meta types forward attributes to the Cost Engine. For instance the GROSS amount of the transaction. Do all meta types forward the same attributes?

No. Depending on the meta type and order type, different attributes are sent to the Cost Engine. Details can be found in the document attached (chapter 6).

List the elements of a (Vostro) relationship or a shared container.

Business Partner (Client), Business Partner (Bank), Container, Positions, Assets

What are the differences between booking and balancing?

Booking is real-time <-> balancing is on demand. Booking changes positions <-> balancing shows positions. Booking is done on money accounts and interim accounts <-> balancing on balance accounts. Booking is done on positions <-> balancing is the process of aggregating and valuating positions with the help of balance accounts

What are the differences between primary bookings and rule-based bookings?

Primary bookings are implemented by Avaloq or predefined by the order. Rule-based bookings are the subject of parameterisation.

List the functionalities of the Book Engine.

Generate counter bookings . Check posting differences (bookings must be balanced). Check posting check rules (e.g. "Costs should be debited"). Ensure position rules (e.g. "Blocked or pledged positions cannot be debited"). Enforce Short position rules (e.g. "short positions are not allowed")

What are the differences between money accounts and interim accounts?

Legal contract, external reporting (bank statement), interest calculation, keys, classification vs. No account statement (internal reporting), no interest calculation, no keys, no classification

What are the central booking principles in Avaloq?

Debit = Credit: The total quantities of all event packets (bookings) of defined assets involved in one event (transaction) must be balanced. The Book Engine implements this check with a catch all rule and generates bookings on the difference accounts if necessary. Net positions: Details are booked on net position and only the total amount is booked to the money account of the customer.

What are the differences between the transaction-based booking method and the value date-based Booking method?

An order is booked as soon as it is verified (transaction-based). An order is booked definitively when the value date is reached (value date-based). Revaluation is possible for value date-based booking.

What are PKOs and LOT Accounting?

PKOs are booking dimensions. Different Book Engines, i.e. different booking logics can be defined for different PKOs. This can lead to different positions in the different PKOs. If Multi GAAP is applied, multiple balance structures and book engines are defined on different PKOs. Where lot accounting is applied, a position is composed by one or several lots.

How can you use the placeholder for branches?

If you want to book to the accounts of all branches you can use the placeholder B in the Destination field of a booking rule (indicating to which account a transaction is booked).

Explain the connection / relation between event status and workflow status?

A workflow action triggers a change of the workflow status. For each workflow status, exactly one event status can be defined. A change in the event status triggers the Book Engine.

A rule is active after it has been loaded and until another rule overwrites the rule. When all your rule sets have 10 rules and you have 5 Business Units, 10 Booking Kinds and 3 Balance Structures: How many booking rules are active at the same time?

#rules in one set * #Business Units (*# PKOs) 50

List the steps required to parameterise bookings.

Defining the book rules (BE_BOOK_RULE_LD), the asset mapping rules (BE_ASSET_MAP_RULE_LD) and the position rules (BE_POS_RULE_LD). (For each: define, load, error check, test)

Explain the fields of BE_BOOK_RULE_LD:

RULE_SET, TYPE, , BOOK_KIND, DEBCRED, QTY_SGN, DEST, SEQ_NR, PRIO, PRIO_A, RULE_A, RULE_ID, ERR

Which parameters do you set to load booking rules?

The task 598 "Booking Rule Loading" requires you to define the rule set and the business unit.

Create a balance structure object Define a new balance structure object. You can do this with the following script:

var x number; exec k.balstru#.put(x_id => :x, i_name => 'BALSTRUXX', i_bp_id => 9, i_key_sym => 'AAAXX')

How can you build a chart of accounts in Avaloq and how can you create a Balance Engine?

You can build a chart of accounts with the BALACC_LD loader table after you have created a new Balance Structure with an API. You can create a Balance Engine by creating a chart of accounts and loading its balancing rules (with BALSTRU_RULE_LD).

What are the components of a chart of accounts in Avaloq?

A chart of accounts consists of an object (with object type 12 BALSTRU) and all the alance accounts (object type 13). The lowest balance accounts in a chart of accounts are called leaves, the others are called owner.

Which pillars do you need to show a balance?

The position pillar and in some cases the collateral pillar are needed to calculate the balance pillar. To show the balance you need the balance pillar.

A rule is active after it was loaded and until another rule overwrites the rule. How many balancing rules can be active at the same time?

#rules in a set * #balance structures N for each balance structure.

List the steps to implement a balance sheet.

Create an object called a balance structure. Enter the chart of accounts (BALACC_LD). Define the balancing rules (BALSTRU_RULE_LD).

How can you create a balance structure?

With an API (balstru#.put).

Explain the fields of BALACC_LD and BALSTRU_RULE_LD:

BALSTRU ACTION ACCLEVEL OWNER SYM CRED_DEB NAME_XX RULE_SET SEQ_NR VAL_TYPE CRED_DEB BALACC_P PRIO, PRIO_A, RULE_A

What do you need to do to: load a chart of accounts, load balance rules, generate balance rules for a ledger container and show the balance?

Balance Account Loading (615) Balance Structure Rule Loading (599) Balance Structure Rule by Balance Account L (612) Balance Sheet (214)

What is the difference between a grantor and a grantee?

The grantor grants the rights to the grantee. The grantee inherits the rights from the grantor.

Where can the password for a user be reset?

Passwords can be reset on the User tab in the Central Services Desk. Provided you have suitable access rights, you can right click on a user displayed on the screen and use the Reset password context action.

What happens if a user has two roles with contradicting general access rights?

He inherits the strongest general access right of his grantors.