Financial Environment
To access components of the financial environment:
In the navigation menu, click Environment > Financial.Accounts
This tile displays all the accounts to be monitored withing the framework of SOX compliance.
Account characteristics are as follows:
• Account type
The profits and losses account presents a description of profits and losses of the enterprise during the fiscal period. You can specify if the account is:
• "Profits"
• "Losses"
• Total Value: you can enter a total for this account.
An order of magnitude is sufficient.• Status
• "Open": the account is active
• "Closed": the account is inactive
The account can comprise sub-accounts.You can connect an entity to an account in the Scope section of the account.Products
A product represents commodities offered for sale, either goods or merchandise produced as the result of manufacturing, or a service, i.e., work done by one person or group that benefits another.
Gross Incomes
Gross revenues are entered by the Incident and Loss Administrator for each business line and are used within the framework of the BIA approach (Basel II).
Gross Incomes are linked to business lines.
For more details, see BIA Approach.To create a gross income:
1. Click Environment > Financial > Gross Incomes.
2. Click New and open the property page of the income created.
3. Select a Business Line in the corresponding field.
4. Select a Begin Date and Date Date to define a time period.
5. Enter a Revenue Amount.