T24 Accounting Introduction

T24 Accounting Introduction
Agenda
Accounting Introduction
01 Learning Objectives
02 Accounting Overview
03 Accounting Setup
04 Accounting Entries
05 Basic Parameters of Accounting
2
Learning Objectives
Accounting Introduction > Learning Objectives
Accounting Overview and linkage for reporting
Core Dependencies
Dates in T24 transactions
Accounting Setup
Accounting Entries generation
Basic parameters in accounting
3
Agenda
03 Accounting Setup
4
General Ledger – Traditional System
Accounting Introduction > Accounting Overview
COB
Accounts
pooled into
ledgers
Ledgers
cluster under
Product GL balances
product
Balances set to PL and
consolidated Balances
to GL sheet
5
Virtual Accounting – T24 system
General Ledger
Reporting
with definable
Requirements
groupings
Elements for GL heads

definable
GL Heads auto formed
Auto Regrouping when

grouping element changed
Maintains opening &

closing balances and debit
& credit movements
6
Accounting Setup
Any transaction in bank rest AL &/or PL
NON STMT.
CONTINGENT ENTRY
AC BASED
BUISNESS
CONTINGENT
CONTRACT RE.CONSOL.
BASED SPEC.ENTRY
BANKING NON
CONTINGENT
CATEGORY
CODE
PRODUCT
BASED
YEILD CATEG.
ENTRY
NON
PRODUCT
BASED
7
Accounting & Reporting
Financial accounting and reporting is very flexible thanks to a unique design
Accounting Consolidating Reporting
Fully
Accounts AL Keys
User definable
Contracts HO reporting
PL Keys
requirement
Profit & Loss
Regulatory reporting
CATEGORY CODE requirement
Balance Currency
sheet reports
At the option Profit Other

Major rules
& Loss reports
of Client User definable
8
Core Dependencies
GEOGRAPHIC CURRENCY. BASIC.RATE SECTOR DATE

DEPT.LEVEL LANGUAGE INDUSTRY
.BLOCK MARKET .TEXT
COUNTRY DEP.ACCT.
OFFICER
CUSTOMER.
STATUS
CURRENCY.
REGION
PARAM
TARGET
HOLIDAY CURRENCY RELATION
CUSTOMER
FORWARD. PERIODIC. BASIC. DEALER.

RATES INTEREST INTEREST DESK
CORE
FINANCIAL STATIC
CUSTOMER
9
CORE tables useful for consolidation
CURRENCY.MARKET
Up to 9 Main
Markets with 10
Sub Markets
each. Up to 99
markets
9 Sub Markets
consolidated to
respective Main
Market
Market wise
Exchange Rates
can be specified
10
CORE tables useful for consolidation
CUSTOMER.DEFAULT
ACCOUNT.CLASS
SECTOR
RESIDENCE Issued by Central

NATIONALITY banks
CUSTOMER
COUNTRY CORE INDUSTRY
TABLES
Can be DEPT.ACCT.
modified at OFFICER
transaction When CUSTOMER is
level modified, T24
reconsolidates on
updated values
11
CUSTOMER information for Consolidation
DEPT.ACCT.OFFICER
INDUSTRY
SECTOR
RESIDENCE
12
Agenda
03 Accounting Setup
13
Dates in Accounting Entries
Accounting Introduction > Accounting Set-up
Not for
Booking Date Value Date internal and
T24 date on which the Entry is Date on which the entry is to be PL entries
generated given value for interest purposes
DATES in
T24
Exposure Date Processing Date

The date on which credited funds The date on which transaction is
available to customer to be processed for posting
Exposure date
Not for Internal cannot be less
and PL entries than value
date
14
T24 Applications
ACCOUNT BASED CONTRACT
FUNDS.TRANSFER LD.LOANS.AND.DEPOSITS
TELLER LETTERS.OF.CREDIT
DATA.CAPTURE FOREX etc
Move money between Generate contracts and

Accounts and PL items. move money between
Cannot move money from & contract and Accounts /
to Contracts PL items
15
Accounting – Product Overview
Accounting
Value dated Trade dated
Accounts
Contingent Security Non
balance contingent
Contracts balance
Non
contingent
balance
Account Balances
A/L
Consolidation
Contract Balances
P/L
PL entries
Consolidation
16
Trade and Value Dated Accounting
Trade / Transaction
Value dated accounting
dated accounting
Non Contingent entries Contingent and Future value

passed on transaction dated entries passed on
date transaction date
Contingent entry maintained

No contingent entry
till value date
Non contingent entry

Interest calculation,
executed on Value date and
however, from value
interest accrued from value
date
date
17
ACCOUNT.PARAMETER
Trade dated
Accounting to Value Future value
Dated Accounting
dated contracts
Choice in
ACCOUNT.PARAMETER
Applicable for Data For account side,

Capture, Funds Transfer, For contract side,
system generates generates future
Teller, Interest and charges
contingent entries on dated F entries which
and Securities
transaction date update only available
Reversed on value date balances
and replaced by non- Replaced by actual
Securities is the only
contract application that contingent entries entries on the value-
has the choice date
18
ACCOUNT.PARAMETER
• Trade dated Accounting chosen for

unspecified products –for Data Capture,
Interest and Charges, Securities and Teller
• Value dated Accounting chosen for FT

specifically
• Choice can be made application wise or

Internal accounts’ Category code wise
• Possible to change choice from Trade

Dated Accounting to Value dated but NOT
vice versa
• Under Value dated accounting, if Split

value dated transactions are involved, the
first leg will be balanced against the
suspense category mentioned here till the
second leg date
• System has been set here to look at 5

days of Forward dated entries for
calculating Cash flow in accounts
19
ACCOUNT.PARAMETER
ACCOUNT.PARAMETER
EB.JOURNAL.SUMMARY
TXN.JOURNAL (Contains Currency wise, company
(Contains particulars of wise, Application wise summary of
transaction entries) debit and credit transaction entries)
separate reports for contingents separate reports for contingents and
and non contingents non contingents
TXN.JOURNAL.PRINT JOURNAL.SUMMARY
(Reports printed during COB) (Reports printed during COB)
(For these reports to be generated , following fields should have value ‘NO’ )
BYPASS.TXN.JOURNAL Field in BYPASS.JOURNAL.SUM Field

ACCOUNT.PARAMETER in ACCOUNT.PARAMETER
20
Workshop 1 - ACCOUNT.PARAMETER
 Check the set-up for ACCOUNT.PARAMETER
 If Trade dated accounting has been opted for the System, then opt for Value
dated accounting for FT application
 Log out and log in again. In case of Browser interface, TC Server should be
stopped and restarted, before logging in again
 If Value dated accounting has been opted for the System, then retain the
set-up
21
Workshop 1 - Solution
22
Agenda
02 Overview on Accounting
03 Accounting Setup
23
Main Files for Accounting Entries
Accounting Introduction > Accounting Entries
STMT.ENTRY Entries affecting

Account balances
(Non contingent)
ASSETS & LIABILITIES
RE.CONSOL. Entries affecting

SPEC.ENTRY all other
Assets & Liabilities
PROFIT & LOSS CATEG.ENTRY Entries affecting

PL Heads
24
Main Files – Basis for generation of the GL-Reports
Entries affecting STMT.ENTRY

Account balances
(Non contingent)
Consolidation of
ASSETS & LIABILITIES
REPORT CREATION
Entries affecting RE.CONSOL. HEADER
all other SPEC.ENTRY
Assets & Liabilities LINE COLUMN
…………...
…………..…
Consolidation of
Entries affecting CATEG.ENTRY PROFITS & LOSSES
PL Heads
25
Features of Accounting Entries
Possible functions
– See and Print
only
Accounting
Entry
Generated
Online/during COB
Possible to define
Local Reference
fields
26
Features of Accounting Entries
 Unique ID by which the Entry may be identified

 Id : 120220032940745.010001
5 digit date expressed as the number of days since 31ST
Dec 1967
5 digit user number
5 digit time in seconds Transaction that
2 digit decimal places in seconds generates the entry
captures the accounting
4 digit sequence number (at the end)
entry Id and the
sequence number
If a transaction generates several entries, last part – Sequence number

distinguishes them
If there is a combination of different types of entries, then they could have
same sequence number also
27
Transaction Codes
• Defines transaction code for STMT.ENTRY and

CATEG.ENTRY
• Transaction code linked through parameter
TRANSACTION tables
• Default value for Value date and Exposure Date
for Data Capture- and Teller-Transactions
• Transaction code for

RE.CONSOL.SPEC.ENTRY
RE.TXN.CODE • Hardcoded Transaction codes
• Reflects stage of the contract or event
28
Transaction Codes
TRANSACTION table for Hard coded for

STMT.ENTRY and RE.CONSOL.SPEC
CATEG.ENTRY ENTRY in
RE.TXN.CODE
29
Accounts in T24
Accounts – For creation and maintenance of all accounts handled by T24
Balances
are held in
ECB
• Related to a customer or client or counterparty

Customer • Numeric Id – Customer id, Category, Currency are
Accounts mandatory
• Interest and charges applicable
• For the Assets and Liabilities of the bank – not

linked to customer id
• Interest and charges cannot be applied
Internal • Id is ISO Currency code - Category code - 4 digit
Accounts serial number in a Multi-Company - Additional 4
digits of the Company Sub-division Code in Multi-
Book
• Mandatory fields ACCOUNT.TITLE, SHORT.TITLE,
MNEMONIC and ACCOUNT.OFFICER
30
Workshop - 2
 Use User Menu > Account > Open Savings Account-LCY

 Open a Customer account in USD for your customer using the category
code for savings account (SS1)
 Use User Menu > Account > Open Internal Account

 Open an internal account in USD using an internal category code for
Computer Software Purchased
 Use User Menu > Account > Open Current Account

 Open Two current accounts for your customer in USD (CA1 and CA2)
31
Workshop - Solution
32
Workshop 6-Solution
Workshop - Solution
33
Workshop - Solution
34
Workshop 6-
- Solution
Solution
35
STMT.ENTRY
Trade Dated Accounting
• Only Non-contingent entry

• Balances are updated online and during COB
immediately Only
NON-
• Value date for interest purpose CONTINGENT
STMT.ENTRY
Value Dated Accounting
• Generates Future value dated STMT non

contingent entry – Takes effect on value date
• RE.CONSOL.SPEC.ENTRY as “contingent” RE.CONSOL.
entries and reversal entries SPEC.ENTRY &
Future value
• Note - Forward dated STMT.ENTRY generated dated
for contract applications except SC. STMT.ENTRY
36
Future and Forward Value Dated STMT.ENTRY
Future Value Dated Entry Forward Dated Entry
• “Contingent” entry • “Contingent” entry on trade

generated on trade date date Contingent
RE.CONSOL.SPEC.ENTRY • Generated for future events entries are
• Reversed on value date of Contract Applications and RE.CONSOL.
• Generates Future value Standing Orders SPEC.ENTRY
dated STMT entry • Contingent entry with ID
• PROCESSING.DATE of this prefixed by <F> and
entry is the Value date followed by future value
• Takes effect as the date
STMT.ENTRY (non- • Single legged entry
contingent) on the value • Triggers actual
date STMT.ENTRY on value date
• No reversal or reposting of
entry
37
Future Value Dated Entry

• Id same as STMT.ENTRY - Processing Date effects
contingent to Non - Contingent
• Future value dated transactions beyond cash flow ladder
expands the cash flow days for that account
Forward Value Dated Entry
• F Stmt entry Triggers actual STMT.ENTRY FORWARD
DATED ENTRY: Id: F20010101.306771820300
• « F » Forward contingent entry, Future value date:
YYYYMMDD, 5 digit user number, 5 digit time in seconds
since midnight, 2 digit sequence number
• Foward entries within the ladder of the account or
ACCOUNT.PARAMETER condition would be updated for
available funds ladder.
38
Sample files of Forward Entries
split value dated

transactions
39
Workshop - 3
 Use User Menu > Retail Operations > LCY Drafts Issue/Acct Trfr >
Transfer between Accounts
 Transfer USD 12,345 from Account CA2 to Account CA1 with today’s
value date
 Observe the overrides, if any
 Authorise the transaction
 Use User Menu > Finance >Journal Facility > Accounting Entries
Enquiry > List of Transaction Entries
 Look at the STMT.ENTRY records generated by drilling down the
transaction entries
40
Workshop - Solution
41
Workshop - Solution
42
Workshop -– Solution
8 Solution
43
Workshop – 4
 Use User Menu > Retail Operations > LCY Drafts Issue/Acct trfr
> Transfer between Accounts
 Transfer USD 15,000 from Internal Account for Computer software to
your customer’s USD current account – 1
 Let it be back value dated by 5 days
 Authorise the record
 Use Command Line ENQ TXN.ENTRY

 Look at the accounting entries ,
44
Workshop - Solution
45
Workshop - Solution
46
Workshop - Solution
47
Workshop - 5
 Use User Menu > Finance > Journal Facility > LCY Transaction Entries
 Transfer USD 2,500 from Account CA1 to your Customer Special
Savings
Account
 Let the debit value be after 1 month and credit value 16 days after that
 Use User Menu > Retail Operations > Account > Account Entries >
Entries for Today
 See the effect of Trade Dated Accounting by comparing the previous
balance of CA1 with that of present balance
 It may be observed that the balances got affected immediately as DC is
under Trade Dated Accounting
48
Workshop - Solution
49
11 Solution
50
– 11 Solution
Workshop -Solution
51
Workshop Solution
52
Workshop - 6
 Use User Menu > Retail Operations > LCY Drafts Issue/Account Trfr >
 Transfer USD 2,000 from Account CA1 to your Customer Special
Savings Account
 Let the debit value be after 1 month and credit value 15 days after that
 Get the record authorised
 Use Command Line and run the enquiry ACCT.BAL.TODAY

 Look at the Account balances and observe the effect of value dated
accounting
 Please note FT transaction of USD 2000 through the Account CA1 to
Customer Special Savings Account
 View the EB.CONTRACT.BALANCES record for the debit and credit

accounts used in the above Transfer
53
Workshop - Solution
54
Workshop - Solution
55
Workshop - Solution
56
Workshop - Solution
57
Workshop – 7
 Look at ACCT.ACTIVITY records stored for an account

 Look at a CONSOL.UPDATE.WORK file to see how it gets updated online
58
Workshop - Solution
ACCT.ACTIVITY for October’ 2009

Book-dated balance on 06th October, 2009:
2500
ACCT.ACTIVITY for November, 2009

Book-dated balance on 21/11/09 = 4500
Transaction amount as on 21/11/09 (value
date) = 2000
59
STMT.ENTRY – General Points
Same entry updated online in

respective tables for the entry to
appear in different statements in
next cycle
STMT.PRINTED,
STMT2.PRINTED
CONSOL.UPDATE.
ACCT.ACTIVITY
WORK
Built online, For each STMT.ENTRY Key-wise movements

account and month – for each date
balance updates Built online feeds to the
CAL keys during COB
60
STMT.ENTRY - Enquiries
Movements Movements &

and balances balances posting
for a booking date=system date
period
STMT.ENT.BOOK STMT.ENT.TODAY
%ACCT.ENT.FWD
Forward
dated entries
from Account
61
STMT.ENTRY – a Sum up
RE.CONSOL.SPEC.ENTRY CONTINGENT
BALANCE
Value dated
FUNDS TRANSFER Accounting STMT.ENTRY
TELLER
DATA CAPTURE ONLINE
SECURITIES ACCT.ENT.TODAY BALANCE
Trade dated ONLINE

STMT.ENTRY ACCT.ENT.TODAY BALANCE
Entries affecting Accounting
Account balances
STMT.ENTRY ACCT.ENT.FWD
MONEY MARKET F entry
LOANS & DEPOSITS

FOREX etc
ONLINE
STMT.ENTRY ACCT.ENT.TODAY BALANCE
62
Quiz
Xxx?
STMT.ENTRY is so named as it is used to produce Account
statements
If the transaction date and value date are same, then effect of Trade
dated accounting and value dated accounting will be same
If a Bank is accruing interest in an account daily, the accounting

entry passed by System for that will be a STMT.ENTRY
STMT.ENTRY is always passed online
Contingent balance in an Account is updated by STMT.ENTRY
Forward dated entries in STMT.ENTRY are produced only by

Contract applications
Cash flow will be automatically calculated for any period based on

forward dated entries
63
CATEG.ENTRY
CATEG.ENTRY
Trade Dated Accounting

• Consolidated on the booking date to form non-
contingent PL key
• No contingent key situations only PL keys
• There is no concept of “F” entries in CATEG.ENTRY
• Future valued CATEG.ENTRY records are generated
on transaction date
• Two additional contingent CATEG.ENTRY records with
SYSTEM.ID = CP generated
• CP with booking date, another CP with value date
for reversal of contingency and a PL (non-contingent)
with value date generated
64
CATEG.ENTRY – General Points
Built from
CATEG.ENT.TODAY
for daily PL
CATEG.ENT.ACTIVITY
PL.CONSOL.
CATEG.ENT.TODAY
UPDATE.WORK
CATEG.ENTRY Key-wise movements for

Built online, For each each date
categ.entry update Built online feeds to the
CPL keys during COB
65
CATEG.ENTRY - Enquiries
CATEG.ENT.BOOK.STD
movements and
balances for period CATEG.ENT.FWD
future dated entries
66
Workshop - 8
 Use User Menu > Retail Operations > LCY Drafts Issue/Account
Trfr > Transfer between Accounts
 Transfer USD 10,000 from PL Category for Staff salary to your
customer’s Special Savings Account. Let the debit be valued on the
last day of the month while credit is valued as 5th of next month

 Look at the accounting entries
67
Workshop - Solution
68
12 Solution
69
12 Solution
70
12 Solution
71
12 Solution
72
Workshop - 9
 Use User Menu > Finance > Journal Facility > LCY Transaction
Entries
 Transfer USD 5,000 from PL Category for Staff Salary to your
Customer Special Savings Account
 Let the debit be valued on the last day of the month while credit is
valued as on 5th of the next month
 Use COMMAND LINE ENQ TXN.ENTRY

73
13 Solution
74
13 Solution
75
– 13 Solution
Workshop -Solution
76
Workshop - 10
 Use Command Line to look at CATEG.ENT.ACTIVITY records stored in the

system for PL Category
 Use Command Line to look at CATEG.ENT.MONTH records stored in the

system for any PL Category
77
Workshop – Solution
78
Workshop – 10 contd
Accounting Introduction > Basic Parameters of Accounting
 Look at PL.CONSOL.UPDATE.WORK updated by the Categ

Entries
79
Workshop - Solution
80
Sample files of CATEG.ENT.ACTIVITY CATEG.ENT.MONTH
81
CATEG.ENTRY – a Sum up
CP Key
CATEG.ENTRY consolidation
CP
In COB
Value dated
CATEG.
FUNDS TRANSFER Accounting ENTRY
TELLER PL Key
DATA CAPTURE
SECURITIES CATEG.ENT.
Consolidation
TODAY In COB
PL Key
Trade dated Consolidation
CATEG. CATEG.ENT.
Entries affecting Accounting ENTRY TODAY In COB
PL Heads
MONEY MARKET PL Key

LOANS & DEPOSITS CATEG. CATEG.ENT.
Consolidation
ENTRY In COB
FOREX etc TODAY
82
Quiz
1.CATEG.ENTRY is so
named as it updates
Category code 3.In T24, there is no concept
consolidations ? of accounting entry for future
dated PL ?
4. If a Bank is accruing
interest in an account daily, 2. Contingent balance in PL
one side of the accounting possible in all applications?
entry passed by System for
5. CATEG.ENTRY
that will be a CATEG.ENTRY ?
is always passed
online ?
83
Quiz
7. Forward dated entries in

CATEG.ENTRY are produced 8. Cash flow will be
by Contract applications ? calculated based on Forward
dated CATEG.ENTRY ?
84
All entries other than those affecting Profit & Loss

heads and non contingent balances of accounts
Accounting entries raised for Contracts -

Contingent as well as Non contingent
Contingent entries for Accounts in value dated

accounting
Accrual entries raised for Accounts and Contracts
Capitalisation entries for such Accruals
Entries raised for revaluation
Entries for movements
85
RE.CONSOL.SPEC.ENTRY – Movement Entries
Updates movement of
Why
balances between
special
consolidation keys
Example: change in industry

of Customer resulting in
different consolidation of
loans given industry - wise
Customer A Corporate Loan Customer A

Industry : Shipping USD 1M Industry : Ship Breaking
RE.CONSOL.SPEC.ENTRY RE.CONSOL.SPEC.ENTRY RE.CONSOL.SPEC.ENTRY

- USD 1M + USD 1M - USD 1M
Corporate Loan in USD Corporate Loan in USD Corporate Loan in USD

to Shipping Industry to Shipping Industry to Ship Breaking Industry
- USD 1M NIL - USD 1M
86
RE.CONSOL.SPEC.ENTRY – Movement Entries
Change in Overdue status
87
• Hard coded in RE.TXN.CODE

• Reflect stages in life of contracts and other event
• Example: LNW, NEW, INC, DEC, ACC, LIQ, MAT,
Transaction SPT, REV, CUS, APP , SGN
Code
• Generated online by fresh contracts in all Contract

applications and Accounts
• AC (for Contingent entries in value dated accounting)
• FOREX generates SPEC direct during COB
Generation of • All these update EB.CONTRACT.BALANCES
Entry • Contains essential details of the transaction
88
Contracts Accounting
Forward value-dated Own-book SC Future Own-book SC trade

contracts Except SC value dated Dated System
• On transaction date • On transaction date • only non-contingent
contingent spec records both contingent and RE.CONSOL.SPEC.
are generated non-contingent spec ENTRY generated
• On value date, these entry generated • No contingent situation
records are reversed by • On transaction date, • On transaction date,
new contingent spec contingent entries will they will be consolidated
records be consolidated for for reporting
• On value date, new non- reporting
contingent spec record • On value date,
is generated contingent balances will
• F entries in be reversed and
STMT.ENTRY file is replaced by non-
without underlying contingent balances
account number for
contract leg
89
Interest and Accrual Related
Banks can opt to reverse and repost daily accruals.
RE.TXN.CODES for RE.CONSOL.SPEC.ENTRY are hardcoded –

ACC, RAC, CAS
If opted for CATEG.ENTRY – choice of transaction code can be

updated in ACCR.REV.PARAM
For FCY accrual, if

chose here to reverse
and repost, the
exchange rate date is
decided here.
90
Workshop - 11
 Use User Menu > Treasury Operations > Forex & Money Market
Trader > Front Office > Money Market Trader > MM
Placements/Loans > Input Fixed Maturity Contracts
 Input a loan for USD 22,000 with Fixed interest rate of 5%
 Value date of loan is 15 days from the deal date. Maturity date is 3
months from the value date
 Authorise the record
 Use User Menu>Treasury Operations>Forex & Money Market

Trader > Back Office > Accounting Enquiries > See Forward
Entries
 Look at the Forward entries generated
 Use Command Line to look at the TRANS.FWD table for the contract
and note down the Entry Ids.
 Use Command Line to look at the STMT.ENTRY table for looking at the
details of entries, the Entry Ids of which were noted by you earlier
91
Workshop - Solution
92
14 Solution
93
14 Solution
94
14 Solution
95
Workshop - 12
 Use User Menu > Treasury Operations > Forex & Money Market Trader
> Front Office > Money Market Trader > MM Placements/Loans
> Input Fixed Maturity Contracts
 Input a loan for USD 22,000
 Value date and deal date are same as System date. Maturity date is 3
months from the value date
 Use User Menu>Treasury Operations> Forex & Money Market Trader >
Back Office > Accounting Enquiries > View Transaction entries
 Look at the entries related to RE.CONSOL.SPEC.ENTRY &
STMT.ENTRY
 Use Command Line to look at the TRANS.FWD table for the contract
and note down the Entry Ids. Also Use Command Line to look at the
STMT.ENTRY table for looking at the details of entries, the Entry Ids of
which were noted by you earlier
96
Workshop - Solution
97
15 Solution
98
15 Solution
99
15 Solution
100
15 Solution
101
RE.CONSOL.SPEC.ENTRY – a Sum up
AL Key
Consolidation
RE.CONSOL.
Entries affecting (Non Contingent)
SPEC.ENTRY
AL Heads
of all Applications
AL Key
RE.CONSOL. Consolidation
MD, LC etc SPEC.ENTRY (Contingent)
LD, MM, SW
STMT.ENTRY
AL Key
TRANS.FWD
SPEC.ENTRY (Non Contingent)
102
Entries affecting AL Key

AL Heads for all contracts Consolidation
except Forex (Non
RE.CONSOL.
SPEC.ENTRY Contingent)
online
AL Key
Consolidation
FX RE.CONSOL.
SPEC.ENTRY
(Contingent)
COB
AL Key
TRANS.FWD
SPEC.ENTRY (Non
Online
Contingent)
103
Trade dated
Accounting
AL Key
Consolidation
Entries affecting RE.CONSOL. (Non
Securities SPEC.ENTRY Contingent)
Own Book
Value dated
Accounting
AL Key
SECURITIES
Consolidation
RE.CONSOL.
SPEC.ENTRY (Contingent)
AL Key
CONSOL. RE.CONSOL.
Consolidation
ENT.FWD SPEC.ENTRY (Non
Contingent)
104
Accounting entries – Offline
STMT.ENTRY
Accounts
Interest calculation
(Accruals & ASSETS & LIABILITIES
Capitalisation) CONSOLIDATION
Contract maturity,
closing etc RE.CONSOL.
SPEC.ENTRY
Contracts
PROFIT & LOSS

CONSOLIDATION
CATEG.ENTRY
105
Quiz
1.RE.CONSOL.SPEC.ENTRY
is so named as it is 2.In T24, there is no concept
generated for speculation of accounting entry for future
dated AL transaction
3. If a Bank is accruing
5.Contingent balance in all
interest in an account daily, 4.RE.CONSOL.SPEC. applications produced only
one side of the accounting ENTRY is always by RE.CONSOL.SPEC.ENTRY
entry passed for that will be a passed during COB
106
EB.CONTRACT.BALANCES (ECB)
Records the information held in the CRF down at contract level
• Allow the user to see the

online effect of a transaction
to the CRF
• Provide drill down information

from a reporting line
• Be used as the basis for the

CRB rebuild
• Be used as the basis for CRB

static changes.
107
Workshop - 13
 Use command line

 Verify the value in Cash flow days
 Use User Menu> Account > Open Current Account
 Open a current account for the customer
 Use User Menu>Corporate Operations> Loans> Create Loans > Corporate

Loans
 Input a LD record with a start date for T+1 (within ladder) and maturity beyond
the ladder and authorise. Look at the forward entries and also the balances in
ECB record
 Use User Menu>Retail Operations> LCY Draft Issue/Account Transfer >

 Input a FT record with date after the LD maturity date. Look at the contingent
entries in RE.CONSOL.SPEC.ENTRY and through ENQ.TXN.ENTRY and also
the balances in ECB record
108
Workshop - Solution
1
2
3
4
109
Workshop - Solution
110
Workshop - Solution
111
Workshop - Solution
112
Workshop - Solution
113
Workshop - Solution
114
Workshop - Solution
115
Workshop - Solution
116
Workshop - Solution
117
Workshop - Solution
118
Agenda
02 Overview on Accounting
03 Accounting Setup
119
Accounting - Parameter Tables
CATEGORY
AC.CONSOLIDATE.COND
ACCOUNT.CLASS
Accounts in local currency

for relevant
ACCOUNT.CLASS records
(Suspense accounts)
120
Product Classification
Profit & Loss

ACCOUNTS CONTRACTS
heads
• Positive and • Balances can • T24 does not
Negative signs have only one use accounts for
(+ / -) for sign as per P & L heads
balances product decided • Uses Category
interchangeable at the beginning codes and
• Customer • Loans, consolidation
Accounts Deposits, keys
• Internal Foreign • Product related
Accounts Exchange deals, income and
• All-in-one LCs etc expenditure
product and AA • Overheads
uses Accounts income and
expenditure.
121
Category Codes – Classify Products
Products are Accounts,

Contracts, Product related profits
and losses and
Non product related profits and
losses. They are set up in
CATEGORY-table First two digits
determine the
product
Five
Digit
The different type of products have Category
to be set up in certain ranges code
within CATEGORY-table. Which Next three digits
are used for
ranges can be used for which subclassification
products will be explained in the of the product
next slides
122
Category Codes - Accounts
Customer Accounts 01000 – 09999 Possible to accrue

Client Current accounts 1000 - 1999 interest
Vostro accounts 2000 - 2999
Other client account types 3000 - 3999
Nostro accounts 5000 - 5999
Client saving accounts 6000 - 6499
Client saving books 6500 - 6999
Specific provisions accounts 7000 - 7999
Client contingent accounts 9000 – 9999
Internal Accounts 10000 – 19999 Not possible to

Cash accounts 10000 – 10999 accrue interest
Suspense, Fixed Assets, Capital 11000 – 19999
etc
123
Category Codes - Contracts
Forex 20000 – 20999

LD and MM 21000 – 21999
Sub-blocks range 21001 – 21029 Deposits
21030 – 21039 Takings
21040 – 21044 Fiduciary deposits
21045 – 21049 Sundry deposits
21050 – 21074 Loans
21075 – 21084 Placements
21085 – 21089 Fiduciary placements
21090 – 21094 Accounts receivable
21095 – 21099 Commitments
Securities 22000 – 22999 22999 Securities Default
Other applications 23000 – 49999 As per allotted ranges
124
Category Codes – Profit and Loss
Product related 50000 – 59999

50000 – 50999 Interest paid
51000 – 51999 Interest received
52000 – 52999 Commission
53000 – 53999 Exchange profit
54000 – 59999 Others
Non product related 60000 - 69999

60000 – 60999 Salaries
61000 – 61999 Premises and Buildings
62000 – 62999 Operating expenses
63000 – 63999 Taxes
64000 – 64999 Others
PL Close out 69999
125
Category Codes
For financial operations, category codes are

automatically assigned if parameterised
Help banks produce reports reflecting a

coordinated and structured view of their
operations
Records delivered with initial build can be

suitably modified, or new ones created within
the allocated range
126
Category Codes
18 = Product
888 = Subclassification
Application to be picked
Unique value for alternate

identification
Id of an
AC.CONSOLIDATE.COND
record
127
Workshop –14 Category Codes
 Use Admin Menu > Framework Parameter >Core > Category
 Create suitable category codes for
Special savings account
Computer software purchased
Festival loan (Use LD range)
Interest on Fixed Deposits
Staff salary
128
Workshop - Solution
129
Workshop - Solution
130
Workshop – 15 Category Codes
 Use Admin Menu > Framework Parameter > Core > Category
 Search for live file and have a look at Customer account category
codes
 Search for live file and have a look at Internal account category codes
 Search for live files and have a look at the some contract application
category codes
 Search for live files and have a look at the following Profit and Loss
category codes
1. Product related
2. Non product related
131
Workshop - Solution
132
Workshop - Solution
133
Workshop - Solution
134
Asset Types in T24
 No GL heads in virtual accounting

 Principal, nominal, accrual, amortised balances are under Asset types
no payables and receivables
 Entries are posted between Category codes and Asset types
 Asset types are hardcoded except IFRS, AA
 Accrual, amortisation asset types takes the same value as PL category,
with no PL prefix
 Both contingent and Non contingent Asset types
 Balances are held under Asset types or Balance types and move from
one asset type to another in respective ECB records
135
ACCOUNT.CLASS
Automatic creation of Id is the hard coded Code words

Suspense Account to or User definable ‘U-Code’
debit/credit Suspense 3 types of records - Account,
entries raised in
various modules Class and P&L
Records used by wide range of
applications
Validations for specific Advised to check during

class of accounts implementation
Normally will not change unless

enhancements affect this
Generation of
CATEG.ENTRY records
by some modules Feature available in
T24 – Flexible to
choose the Category or
Sector.
136
ACCOUNT.CLASS – Account Type Records
Field Name Some Valid entries Purpose
ID BROKER Crediting brokerage if account not held

CUSDEBIT SP discounting in LC without debiting Customer
DIFFERENCE Data Capture application self balancing a batch
LCAMORT LC commission collected pending amortisation
SUSPENSE Data Capture application posting INAU records
SUSPLMMCR LD / MM automatic credit and debit pending settlement
SUSPLMMDR instructions from Customer
RESFWDCR
RESFWDDR Internal accounts used for revaluation of FX products
EXCHADJ under different methods of revaluation
CATEGORY 10000 – 19999 Only one Category code per record allowed
Mandatory Internal account in local currency to be opened for the
category code defined
SECTOR No Value
137
ACCOUNT.CLASS – Class Type Records
ID BANK To identify Counterparty as valid Bank (FT, AGENCY)

MGDEPOSIT To handle deposit accounts in MG
MORTGAGE To handle repayment accounts in MG
SAVINGS For issuing pass book instead of statements
NOSTRO To identify Nostro and Vostro accounts for various
VOSTRO purposes – Opening Accounts, NOSTRO.ACCOUNT,
Standard settlement instructions etc
CATEGORY Optional Associated multi value fields. Either field may be null,
but not both at the same time.
SECTOR Mandatory if Category and Sector can be defined together also.

CATEGORY not Duplications not allowed
defined
138
ACCOUNT.CLASS – P&L Type Records
ID DXCSNDUE Used by DX module for debiting and crediting a PL

DXCSNEARN head for commissions
DXCSNPAID
DXCSNRCVD
MKTEXCHCR Used by applications for debiting and crediting a PL

MKTEXCHDR head for marketing exchange profit and loss of the
Marketing Department
(Due to difference in exchange rate from Treasury
rate)
CATEGORY Above 50000 Only one Category code per record allowed
Mandatory
SECTOR No entry
139
Workshop – 16 - Account Class
 Use Command Line to list the ACCOUNT.CLASS records of your database

and have a look at the settings for the following record types:
 Account
 Class
 P&L
140
Workshop- -Solution
Workshop Solution5
141
AC.CONSOLIDATE.COND
Not related to Used for Accounts

Consolidation with high volume
keys (CAL- entries such as
and CPL-keys) Nostro or Internal
accounts
system enforced criteria + user

defined criteria
Set rules for
consolidating an
on-line in a cumulative manner
number of
STMT.ENTRY’s,
Records stored with Details as
RE.CONSOL.SPEC.
well
ENTRY’sand
CATEG.ENTRY’s
into one entry
142
AC.CONSOLIDATE.COND
System Defined Include or Exclude Consolidated Entries in

Criteria some criteria tables
STMT.ENTRY CATEG.ENTRY RE.CONSOL.SPEC.ENTRY
STMT.ENTRY.DETAIL.XREF CATEG.ENTRY.DETAIL.XRE RE.SPEC.ENTRY.XREF

F
STMT.ENTRY.DETAIL CATEG.ENTRY.DETAIL RE.SPEC.ENTRY.DETAIL
143
Consolidation criteria and ID of entry produced
System defined criteria

ID separated by “!”
S, F, C or R
CRF Key (CATEG & SPEC) Account Number
Account No or Product Category Credit or Debit indicator
CR or DR Currency How to
Currency System ID include or
System ID Transaction Code exclude
Transaction Code from this
Value Date
list?
Value Date Exposure Date
Exposure Date Reversal Marker
Reversal Marker Currency Market
Currency Market
Suspense Category
Suspense Category Terminal Number (not
Terminal Number (not updated) updated)
Booking Date
Booking Date
Account Officer (P&L only)
plus additional elements if in
Product Category (CATEG & SPEC) AC.CONSOLIDATE.COND
144
AC.CONSOLIDATE.COND
3 to 20 Characters
S, F, C or R
Exclude from
consolidation
Include in
consolidation
Applications – no details
maintained
Start Stop Feild Attached at the

Account record or PL
category record
145
AC.CONSOLIDATE.COND
DEFAULT
• NOSTRO and internal accounts. Consolidation start is 0
CLDEFAULT
• Customer Account. C Start after 50th entry
PLDEFAULT
• PL entries of IC module
REDEFAULT
• non-contingent RE.CONSOL.SPEC.ENTRY
VDSUSPRE
• contingent RE.CONSOL.SPEC.ENTRY
146
Workshop - 17
 Use User Menu > Account > Open Current Account

 Open a GBP Current Account with Category code as 1001 for your
customer
 Use Command Line to set the following condition for consolidation in

AC.CONSOLIDATE.COND
 Consolidation for Statement and Forward entries, excluding AZ
application and excluding the transaction number.2
 Consolidation for Category Entries Customer Id wise and authorise the
entries
 Attach the first rule to your Customer’s GBP account and the second
rule to the Category code you had created for interest on Fixed
Deposits you had created in the previous workshop and authorise the
entries
147
Workshop - Solution
148
Workshop - Solution
149
Workshop - Solution
150
Workshop - 18
 Use User Menu > Retail Operations > LCY Drafts Issue/Acct trfr
> Transfer between Accounts
 Transfer USD 15,000 from a Current Account to your customer’s GBP
account (opened in previous workshop) for which you had attached
rule set in AC.CONSOLIDATE.COND in the same workshop

 Choose your customer’s GBP Account Number as selection for viewing
netted STMT.ENTRY
151
Workshop - Solution
152
Workshop - Solution
153
Workshop - Solution
154
Workshop - Solution
155
Workshop - 19
 Use User Menu > Retail Operations > LCY Drafts Issue/Acct trfr >
 Transfer USD 125 from PL Category of Interest on Fixed Deposits to
your customer’s Special Savings Account with today’s value date
 look at the FT record for Ids of accounting entries

 Look at the accounting entries in STMT.ENTRY and
CATEG.ENTRY.DETAIL
 Use Command Line to look at internal files CATEG.ENTRY and

CATEG.ENTRY.DETAIL.XREF
 Check how the consolidation rule set is working
156
Workshop - Solution
157
Workshop - Solution
158
Workshop - Solution
159
Workshop - Solution
160
Workshop - Solution
161
Workshop - Solution
162
Key Learning Points
In this course you have learnt
Overview on accounting & dependency on reporting
Core Dependencies in T24 Accounting
Impact of Dates used in T24 transactions
Overview of Accounting Setup in T24
Accounting Entries generated in T24
Basic Parameters in Accounting
163
Thank You
NOTICE
These training materials are the copyrighted work of Temenos Headquarters SA and other companies in the
TEMENOS group of companies (The Copyright Owner). The training materials contain protected logos, graphics and
images. Use of the training materials is restricted solely for use by licensed end users, partners and employees.
Any un-licensed reproduction by any means, redistribution, editing, transformation, publishing, distribution, or public
demonstration of the training materials whether for commercial or personal gain is expressly prohibited by law, and
may result in severe civil and criminal penalties. Violators will be prosecuted to the maximum extent possible. Such
training materials shall not be represented, extracted into or included in part, or in whole, as part of any other training
documentation without the express permission of the Copyright Owner, which must given in writing by an authorised
agent of the Copyright Owner to be valid. Where such permission is given a clear and prominent notice must be
displayed on any and all documentation accrediting the Copyright Owner with having copyright over the
materials. End-user licenses will in no event contain permissions extending the use of these training materials to
third parties for commercial training purposes.
Without limiting the foregoing, copying or reproduction of the training materials in part or in whole to any other sever
or location for further reproduction or redistribution is expressly prohibited, unless such reproduction is expressly
licensed by the Copyright Owner.
Copyright © 2010 Temenos Headquarters SA

T24 Accounting Introduction - R14.01

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

T24 Accounting Introduction - R14.01

Uploaded by

Copyright:

Available Formats

Accounting Overview and linkage for reporting

Dates in T24 transactions

Accounting Entries generation

Basic parameters in accounting

Elements for GL heads

GL Heads auto formed

Auto Regrouping when

Maintains opening &

Financial accounting and reporting is very flexible thanks to a unique design

Accounting Consolidating Reporting

At the option Profit Other

GEOGRAPHIC CURRENCY. BASIC.RATE SECTOR DATE

HOLIDAY CURRENCY RELATION

FORWARD. PERIODIC. BASIC. DEALER.

RESIDENCE Issued by Central

Exposure Date Processing Date

ACCOUNT BASED CONTRACT

DATA.CAPTURE FOREX etc

Move money between Generate contracts and

Value dated Trade dated

Non Contingent entries Contingent and Future value

Contingent entry maintained

Non contingent entry

Applicable for Data For account side,

• Trade dated Accounting chosen for

• Value dated Accounting chosen for FT

• Choice can be made application wise or

• Possible to change choice from Trade

• Under Value dated accounting, if Split

• System has been set here to look at 5

BYPASS.TXN.JOURNAL Field in BYPASS.JOURNAL.SUM Field

 Check the set-up for ACCOUNT.PARAMETER

STMT.ENTRY Entries affecting

ASSETS & LIABILITIES

RE.CONSOL. Entries affecting

PROFIT & LOSS CATEG.ENTRY Entries affecting

Entries affecting STMT.ENTRY

 Unique ID by which the Entry may be identified

If a transaction generates several entries, last part – Sequence number

• Defines transaction code for STMT.ENTRY and

• Transaction code for

TRANSACTION table for Hard coded for

Accounts – For creation and maintenance of all accounts handled by T24

• Related to a customer or client or counterparty

• For the Assets and Liabilities of the bank – not

 Use User Menu > Account > Open Savings Account-LCY

 Use User Menu > Account > Open Internal Account

 Use User Menu > Account > Open Current Account

Trade Dated Accounting

• Only Non-contingent entry

Value Dated Accounting

• Generates Future value dated STMT non

Future Value Dated Entry Forward Dated Entry

• “Contingent” entry • “Contingent” entry on trade

Future Value Dated Entry

split value dated

 Use Command Line ENQ TXN.ENTRY

 Use Command Line and run the enquiry ACCT.BAL.TODAY

 View the EB.CONTRACT.BALANCES record for the debit and credit

 Look at ACCT.ACTIVITY records stored for an account

ACCT.ACTIVITY for October’ 2009

ACCT.ACTIVITY for November, 2009