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Oracle® Insurance Rules Palette 9.4.0.0 E18894_01

# Accounting Enhancements

The accounting section now runs with each execution of the activity but it only writes accounting detail once for each Chart of Accounts entry. The criteria to determine when the accounting records are to be run depends on how the Chart of Accounts is configured. COA entries that are based on math variables or non-fund specific allocations (general accounting) will use values in the transaction math and these will write with the first successful execution of the activity (when there are no non-overridden business rule errors). This is standard Accounting processing today.

If the accounting entries are based on fund (separate accounting), then they will wait until all AsValuation records for the activity are moved into an active state (see Valuation status below), there are no non-overridden business rule errors generated from the new PostAssignmentValidateExpressions rule and the element <GenerateAccounting> has the value of Yes. All three conditions must be met even though the valuation records may be active before the activity moves into a final active state.

If there are no PostAssignmentValidateExpressions validation errors and all of the valuation records are in an active state, even if the Activity is still in an NUV Pending status, then the Accounting records for each fund can be written. Upon subsequent executions of the activity, the accounting will run again but will check to see if fund accounting records already exist for the activity.

## Configuration Requirements

- A Premium transaction was configured that uses the PostAssignmentValidateExpressions rule and has a ChartOfAccounts entry by fund. The activity is amount based so valuation will be immediately active upon processing the activity. After effective date and exchange rate validations have been satisfied, the activity will stop processing because of a configured overrideable error in PostAssignmentValidateExpressions. Accounting will generate when this last error is overridden by the user. Navigate to Global Explorer | Transactions | Premium | Premium (Unit Linked Template).

PostAssignmentValidateExpression Rule that Controls Processing and Accounting for Premium Transation

- An InitialFundReallocation transaction was configured that uses the PostAssignmentValidateExpressions rule and has a ChartOfAccounts entry by fund. The activity is percent based and fund prices are not immediately available so valuation will not be active on initial processing. The activity status will be NUV Pending and accounting records will not be generated. Navigate to Global Explorer | Transactions | InitialFundReallocation | InitialFundReallocation (Unit Linked Template). Once prices are known, the activity will process up to the configured overrideable error in PostAssignmentValidateExpressions. When the user overrides this error, the activity will complete processing and its status will change to Gain/Loss Pending. Accounting records will be generated.

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