Transcription
Management Information SystemOracle FLEXCUBE Universal BankingRelease 11.10.0.0.0[Aug] [2021]Part No. F44735-01
Management Information SystemTable of Contents1.2.ABOUT THIS 1.4GLOSSARY OF ICONS1.4.1Related Documents1-11-11-11-21-3DEFINING MIS CLASS CODES2.1INTRODUCTION2.1.1Invoking the MIS Class screen2.2MIS TYPE2.2.1Budget for this MIS class2.2.2MIS Code2.2.3Operations on the MIS Class record3.DEFINING MIS COST CODES3.1INTRODUCTION3.1.1Invoking the MIS Cost Codes tions on the MIS Cost Code record4.DEFINING AN MIS GROUP4.1INTRODUCTION4.1.1Invoking the MIS Group screen4.1.2Operations on the MIS Group record4.1.3MIS Cascading4.1.4Feature ID Maintenance5.DEFINING MIS HEADS5.1INTRODUCTION5.1.1Invoking the MIS Heads screen5.1.2Category5.1.3Refinance5.1.4Linking an MIS Head to an accounting entry5.1.5Operations on the MIS Head -34-14-14-14-34-34-35-15-15-15-15-25-25-3DEFINING POOL CODES AND REFINANCING RATES6-16.1INTRODUCTION6.1.1Invoking the MIS Pool Code screen6.2DEFINING REFINANCING RATES FOR A POOL6.2.1Invoking the MIS Pool Refinancing Rates screen6.2.2Operations on the MIS Pool Refinancing Rates record6-16-16-26-26-3MAKING MIS ADJUSTMENTS FOR A POOL7-17.1INTRODUCTION7.1.1Invoking the MIS Adjustments screen7.1.2Operations on the MIS Adjustments screen7-17-17-2
8. DEFINING MIS DETAILS FOR A CUSTOMER, ACCOUNT CLASS, ACCOUNT, PRODUCT, ANDCONTRACT8-18.1DEFINING MIS DETAILS FOR A CUSTOMER8.2MIS DETAILS FOR AN ACCOUNT CLASS AND A PRODUCT8.2.1Invoking the MIS details screen for an account class8.2.2Invoking the MIS details screen for a product8.2.3Specifying the MIS details for an account class and a product8.3DEFINING MIS DETAILS FOR AN ACCOUNT OR CONTRACT8.3.1Invoking the MIS details screen for a contract8.3.2Invoking the MIS details screen for an account8.4GL MIS BALANCE TRANSFERS DUE TO G THE REPORT OPTIONS SCREEN9.2.1Invoking the Management Information System Profit and Loss Report Screen9.2.2Contents of the Report9.2.3Invoking the Pool Codes Report Screen9.2.4Invoking the Error Report Screen9.2.5Contents of the Report9.3INVOKING THE REPORT OPTIONS SCREEN9.3.2Invoking the Pool Codes Report Screen9.3.3Invoking the Error Report Screen9.4INTER BRANCH RECONCILIATION REPORT9.4.1Contents of the 49-59-59-69-79-99-109-11
1. About this Manual1.1IntroductionThis manual is designed to give you an understanding of the Management Information System moduleof Oracle FLEXCUBE. Apart from assisting you in generating reports, this manual guides you in thedefinition and maintenance of MIS classes and cost codes, MIS groups, MIS heads, MIS pools andrefinancing rates. You are also taught how to define MIS details for a customer, an account class, aproduct and a contract.1.2AudienceThis manual is intended for the Customer Service Representatives (CSRs) and the bank staff in charge ofsetting up new products in your bank.1.3OrganizationThis manual is organized as follows:Chapter 1About this Manual gives information on the intended audience. It also liststhe various chapters covered in this User Manual.Chapter 2Defining MIS Class Code describes how to define MIS classes and link themto several entities.Chapter 3Defining MIS Cost Codes explains the procedure for defining and maintainingMIS cost codes.Chapter 4Defining an MIS Group describes in detail how the definition of an MIS groupsimplifies the process of associating an account, product or a transaction toseveral other entities.Chapter 5Defining MIS Heads describes the procedure for defining MIS heads. Thisincludes the linking of an MIS head to an accounting entry, indicatingwhether the MIS head should be considered for refinancing and theoperations that can be performed on an existing MIS head record.Chapter 6Defining Pool Codes and Refinancing Rates explains how to assign uniquecodes to MIS pools and how, for each pool, you can maintain refinancingrates in different currencies.Chapter 7Making MIS Adjustments for a Pool specifies the manner in which you canallocate the amounts to be reported from one MIS code to another.Chapter 8Defining MIS details for a Customer, Account Class, Product and Contractenumerates the steps that you should follow while defining MIS details for acustomer, an account class, a product or a contract.Chapter 9Reports provides a list of reports that can be generated in this module andalso explains their contents.1-1
Conventions Used in this ManualImportant information is preceded with the1.4symbol.Glossary of IconsThis User Manual may refer to all or some of the following idateExitSign-offHelpAddDelete1-2
Refer the Procedures User Manual for further details about the icons.1.4.1 Related DocumentsFor a detailed description of all the procedures in the manual please refer to the Oracle FLEXCUBEmanual on Common Procedures.1-3
2. Defining MIS Class codes2.1IntroductionIn simple terms, an MIS Class represents a type of entity based on which you want your reporting to bedone. An MIS Class will be the most general definition for MIS reporting, under which you can haveseveral entities.For example, if you want reports on the profitability of accounts officers, you would define AccountsOfficer as an MIS Class. Accounts Officers in your bank would report to this MIS Class. Similarly, youdefine Cost Center as an MIS Class if you want reports based on the cost centers in your bank. You canhave the various cost centers in your bank linked to the MIS Class of Cost Center. Business Segment,Industry Segments are other examples of an MIS Class.The definition of MIS Class renders the entire MIS reporting absolutely flexible. By defining a class ofyour choice, and linking several entities to it, you can generate management information as per yourrequirement.In a centralized database architecture, an MIS Class is defined in the Head Office branch of your bank,and is used by all the branches on the database.2.1.1 Invoking the MIS Class screenYou can invoke the ‘MIS Class Maintenance’ screen by typing ‘GLDCLASS’ in the field at the top rightcorner of the Application tool bar and clicking on the adjoining arrow button.If you are creating a new MIS Class, select ‘New’ from the Actions Menu in the Application toolbar orclick new icon. The ‘MIS Class Maintenance’ screen is displayed without any details.2-1
If you are calling an MIS Class that has already been defined, double-click on an MIS Class from thesummary screen.2.2MIS TypeThe most basic attribute of an MIS class is the ‘type’ of its class. An MIS class can belong to one of thefollowing types: Transaction Class Customer Class Composite Class Fund Class Allocation ClassThe MIS type helps you classify your reporting based on either, a customer or a transaction. An MISClass belonging to the Customer class type helps you generate your profitability for a customer.Similarly, MIS Class belonging to the Transaction class type helps you generate your profitability reportbased on transactions. A Composite class type, as the name indicates, would help you group a Customerand Transaction type classes. Choose an MIS Type for an MIS Class using the option button beside it.Transaction ClassA Cost Center would be a typical transaction type of MIS class. For a cost center, you would want togenerate reports for the kind of costs incurred for processing a transaction. For example, ‘short termloans’ may be a cost center. For this cost center, you can generate a report that gives the details of thecost of processing each transaction.All the cost centers of your bank, would ideally be the different departments of your bank like shortterm loans, long term loans, teller, bills, etc. Each of these can be defined as MIS Codes, and linked to it.Customer ClassYou may want a profitability report based on the type of industry (manufacturing, agriculture, mining,financial institutions, etc.) to which a customer belongs. For achieving this, you would define Industriesas an MIS class, and have various MIS codes linked to the class for each type of industry: manufacturing,agriculture, mining, financial institution, etc. This MIS class would be of Customer class type.Composite ClassA ‘composite’ class is simply, a combination of a customer and a transaction type of MIS class. Typically,an Accounts Officer would be handling several customers, and you would want a report of theprofitability of each customer. Occasionally, a customer may begin with one Accounts Officer and use aproduct or service that folds under some other Accounts Officer.In such a requirement, you work backwards and create an MIS Class called Accounts Officer. All theaccounts officers of your bank will be created as MIS Codes under this MIS Class. When you aregenerating your profitability reports, you can choose to get the figures for all the accounts officers, orfor a selected few. Also, you can change the Accounts Officer that is picked up by default.Allocation ClassYou may want to view details of the expenses incurred by your bank. To do this, you can maintainAllocation Classes by which you can allocate the various expenses to different entities within your bank.2-2
For instance, let us assume that your organization has over 2000 employees spread across four differentlocations (Delhi, Mumbai, Chennai, and Calcutta) in India. You would like to have a location-wise breakup of the salary amount disbursed to each of these locations. Additionally, you would also like to view abreak-up of balances for individual departments within each location.To meet these requirements in Oracle FLEXCUBE firstly, define an MIS Class called Locations. All the fourlocation of your organization - Delhi, Mumbai, Chennai, Calcutta, will be created as MIS Codes under thisMIS Class.Similarly, create another MIS Class called Departments. All the departments within your organization(Administration, Financial Control, Products Division, IT Solutions etc) will be created as MIS Codesunder this MIS Class.Consequently, details of salary expenses incurred across-locations will be available under the MIS Classcalled Locations. The department-wise salary disbursement details will be available under the MIS Classcalled Departments. Both these MIS classes will be of the Allocation Class type.Fund ClassYour bank may float a number of funds like Mutual Funds, Growth Funds, and Income Funds etc. Youmay want to view details on each of the funds. You can achieve this by defining Funds as an MIS Classand have the various funds reporting to it. Each of these funds would be defined as an MIS Code andthen linked to the MIS Class ‘Funds’. This is a Fund type of MIS Class.2.2.1 Budget for this MIS classFor certain MIS classes, you may want to define a budget for turnover and revenue. Since defining abudget may not be necessary for all MIS classes, you should indicate whether a budget would beallocated to the class while defining the class.For those MIS classes that require a budget, you should define the budget through the GL BudgetMaintenance screen. The same is discussed in subsequent chapters. Under each MIS Type, you can onlydefine two MIS classes for budget allocation. Use the check box next to ‘Budget for this MIS Class’ toselect this option.ExampleYou have defined the following number of MIS classes, under each type:Customer type10Transaction type 10Composite type5You can choose to allocate a budget for only two classes under each type. Thus, in total, you would have sixclasses, two under each type, for budget allocation.2.2.2 MIS CodeAn MIS Code can be called an entity for which you want profitability reports. Each MIS Code will reportto an MIS Class. Consider the following examples: Accounts Officer is an MIS Class. To this MIS Class will report all the Accounts Officersof your bank. With this structure, you can generate profitability reports for each AccountsOfficer. Elizabeth Towers, Sam Brown, and Connie Beckwith, are some of your accountsofficers.2-3
Cost Center is an MIS Class. The various cost centers in your bank will be classifiedunder this MIS Class. Thus, the various departments in your bank will report to this CostCenter, so that you can generate profitability reports for each cost center. Short TermLoans, Incoming Bills, and Import Letters of Credit can be some of your cost centers. Industry Segments is an MIS Class. The various industries to which your customersbelong will report to this MIS Class. Manufacturing, agriculture (cash crops) and financialinstitutions can be some of your industry segments.In these examples, Elizabeth Towers, Sam Brown, and Connie Beckwith will each have an MIS Code, allunder the MIS Class 'Accounts Officer'.Similarly, Short Term Loans, Incoming Bills, and Import Letters of Credit will have an MIS Code each,under the MIS Class 'Cost Center'. The same concept applies to Industry Segments also.An MIS Code is added on to an MIS Class either through the New operation on the MIS Class screen orthrough the ‘Amend’ option on an existing MIS Class record. Once an MIS Class has been stored, you canadd MIS Codes to it by unlocking the MIS Class record and adding the required MIS Code.The ‘MIS Code’ list contains the MIS Codes attached to the selected MIS Class. To add a new record tothe ‘MIS Code’ list, click add icon.To delete an MIS Code(s) from the list, choose the MIS code(s) using the checkbox next to it and thenclick delete icon.2.2.3 Operations on the MIS Class recordOn an existing MIS Class record, you can perform the following operations (if any function under theActions Menu is disabled, it means that the function is not allowed for the record): Amend the details of an MIS Class Authorize an MIS Class Copy the details of an MIS Class on to a new one Print the details of an MIS Class Delete an MIS ClassPlease refer to the manual on common procedures for details of these operations.2-4
3. Defining MIS Cost Codes3.1IntroductionAn MIS cost code represents the notional cost incurred for a transaction. An MIS cost code can beattached either to an account or to a contract, in the following manner:1. You can link a Cost Code to an account class. This will default to the accounts maintainedunder the account class. You can change this default. Alternatively, you can link an MIS CostCode to an account when maintaining it.2. When creating a product, you can identify the Cost Codes against which contracts involvingthe product should be reported.3. When processing a contract, the Cost Codes identified for the product (the contract involves)will automatically default. These defaults can be changed. If cost codes have not beenidentified for the product, you can identify one for the contract.The notional cost will be reported in the profitability report.3.1.1 Invoking the MIS Cost Codes screenIf you are creating a new MIS Cost Code, select ‘New’ from the Actions Menu in the Application toolbaror click new icon. The ‘MIS Cost Code Maintenance’ screen is displayed without any details.If you are calling an MIS Cost Code that has already been defined, double-click on an MIS Cost Codefrom the summary screen.3-1
3.1.2 TypeThe MIS Cost Code can belong to one of the following types:Number of transactionsThis typically applies for calculating the cost of processing a transaction involving an account.You can indicate the amount to be considered as the notional cost for each transaction.ExampleYou may incur a certain amount for every transaction you process of a savings account a particularcategory. This cost could be different for processing transactions in a different type of savings account or forcurrent accounts.You should define different MIS Cost Codes and link them to the appropriate account classes.Event based chargesThe notional cost applicable for processing an event can be defined as a cost code. Typically, this appliesfor a contract.ExampleFor processing an event in the lifecycle of a loan, you may want to attach a certain cost. You can define acost code for it and link it to the product.Similarly, you can define a different notional cost for different events in the lifecycle of a contract. Thus, youcan have a cost code for initiating a loan, one for liquidating interest, and so on, and link them to the productwith the appropriate event codes.The notional cost that you define will be taken as the cost per event.Duration based chargesThese changes are applied typically for a contract. The notional cost in this case, is calculated on thebasis of a specific duration. This notional cost is defined for a cost code. The following exampleillustrates how this cost is applied on a contract.ExampleIf a loan is live for a month, the notional cost you incur is a specific amount. You would define a durationbased cost code, define the periodicity as 'monthly'. For every month a loan linked to the cost code is live,the notional cost will be applied.3-2
3.1.3 CostThe notional cost, along with the currency in which it is expressed should be indicated for the cost code.The cost will be applied based on the Cost Code type, as follows:Number oftransactionsThe amount is taken as the cost per transactionEventThe amount is taken as the cost per eventDurationThe amount is taken as the cost for the period defined as theperiodicity, for the cost codeIf a currency conversion is involved during reporting, the prevailing conversion rate will be used.3.1.4 PeriodicityThis is the periodicity at which the costs defined have to be applied. In the profitability report, thenotional cost reported would depend on the periodicity defined for the cost code.For a quarterly, half-yearly or yearly periodicity, you should also indicate the first month of application.The subsequent application months would be computed based on this.3.1.5 Operations on the MIS Cost Code recordOn an existing MIS Cost Code record, you can perform any of the following operations (if any functionunder the Actions Menu is disabled, it means that the function is not allowed for the record): Amend the details of an MIS Cost Code Authorize an MIS Cost Code Copy the details an MIS Cost Code on to a new one Print the details of an MIS Cost Code Delete an MIS Cost CodePlease refer to the manual on Common Procedures for details of these operations.3-3
4. Defining an MIS group4.1IntroductionThe definition of an MIS group simplifies the process of linking an account, product, or a transaction toseveral MIS entities. Consider the following example:ExampleSavings accounts in the local currency are a type of account class. This class may come under the purviewof the following MIS entities:Business SegmentIndividuals.Cost centerSavings accounts in local currency.Accounts officersElizabeth Towers and Sam Brown.Cost CodeTransaction charges for savings accounts.The following are the definitions in the various MIS screens:MIS ClassMIS CodeBusiness SegmentIndividualsCost CenterSavings AccountsAccounts OfficerElizabeth Towers and Sam BrownIn the MIS Cost Codes screen, a Cost Code has been defined for the transaction charges for savingsaccounts. The pool for this class of accounts is called SAVINGS.When you create this account class, you do not have to individually link each applicable MIS entity to theaccount class. Instead, you can create an MIS Group with the MIS Class and MIS Code linked, as follows:MIS GroupSAVE1PoolSAVINGSCustomer classBusiness segment (MIS Code Individuals)Transaction classAccounts Officer (no MIS Codes)Transaction classCost Center (savings accounts in local currency)Cost codeCode defined for transaction charges on savings accounts.While defining the account class, you can link the MIS Group SAVE1 to it, and indicate the appropriateaccounts officer code, that for Elizabeth Towers or Sam Brown.In a similar fashion, MIS Groups can be defined in various ways and used for linking MIS entities to anaccount class, account, product, or transaction.4.1.1 Invoking the MIS Group screen4-1
You can invoke the ‘MIS Group Maintenance’ screen by typing ‘MIDGROUP’ in the field at the top rightcorner of the Application tool bar and clicking on the adjoining arrow button.If you are creating a new MIS Group, select ‘New’ from the Actions Menu in the Application toolbar orclick new icon. The ‘MIS Group Definition’ screen is displayed without any details.If you are calling an MIS Group that has already been defined, double-click an MIS Group from thesummary screen.4-2
4.1.2 Operations on the MIS Group recordOn an existing MIS Group record, you can perform any of the following operations (if any function underthe Actions Menu is disabled, it means that the function is not allowed for the record): Amend the details of an MIS Group Authorize an MIS Group Copy the details an MIS Group on to a new one Print the details of an MIS Group Delete an MIS GroupPlease refer to the manual on common procedures for details of these operations.4.1.3 MIS CascadingYou can have a particular MIS group defaulted in the MIS Subsystem of the following screens at the timeof creation of records: Customer Maintenance Screen Customer Account Maintenance Screen All the Products Screens All the Contract ScreensOnce these records are authorized, you can change the MIS Group values (i.e. MIS Codes linked to theMIS Class) in the MIS Group Maintenance screen. During EOD, the batch program ‘MIGCASCD’maintained at the Post EOTI level will cascade the modified MIS Codes in the above screens. As a result,the system replaces the MIS Codes that are provided at the time of creation of the above records by theMIS Codes maintained in MIS Group.4.1.4 Feature ID MaintenanceIf you maintain feature ID for all branches, the system displays the MIS class values and MIS codes in theMIS subsystem of the following screens. Customer Maintenance Screen Customer Account Maintenance Screen All the Products Screens All the Contract Screens4-3
5. Defining MIS heads5.1IntroductionEach accounting entry that is generated can be linked to an MIS Head. An MIS Head indicates themanner in which the type of entry should be considered for profitability reporting purposes.5.1.1 Invoking the MIS Heads screenIf you are creating a new MIS Head, select ‘New’ from the Actions Menu in the Application toolbar orclick new icon. The ‘MIS Head’ screen is displayed without any details.If you are calling an MIS Head that has already been defined, double-click an MIS Head from thesummary screen.5.1.2 CategoryThe MIS Head Category classification indicates the method in which the accounting entry will bereported in the profitability report. It could be one of the following:BalanceIndicates that the accounting entry should be considered for calculating the Cumulative AverageBalance. Typically, an asset entry would be classified under the balance type MIS Head. The GL entry legof a loan disbursement transaction, would typically be classified under a Balance type of MIS Head.IncomeIndicates that the accounting entry should be considered as an income for the purpose of profitabilityreporting. Clearly, any interest or charge income would be classified under an Income type of MIS Head.ExpenseIndicates that the accounting entry should be considered as an expense for the purpose of profitabilityreporting. Any interest, postage, or tax expense would be classified under an expense type of MIS Head.5-1
ContingentIndicates that the accounting entry should be considered as a contingent entry for the purpose ofprofitability reporting. A forward FX deal, the issue of an import Letter of Credit, etc., are examples ofcontingent type of entries. You can generate a report that gives the balances due to such contingenttype of entries.Under each type of MIS Head, you may define additional MIS Heads, as per your reporting requirement.For example, you can have an MIS Head for each loan product, so that you can have the cumulativeaverage balance due to all the loans disbursed under the product.5.1.3 RefinanceThe ‘Refinance’ option is provided for marking MIS Heads for refinancing. For MIS Heads that aremarked for refinancing, the refinancing income or expense would be calculated, on the cumulativeaverage balance, for the reporting period. You would typically mark a balance type of MIS Head forrefinancing.This option is provided because not all the balance type of entries would come under the umbrella ofrefinancing. To enable this option select the check box beside ‘Refinance’.5.1.4 Linking an MIS Head to an accounting entryEach accounting entry generated in Oracle FLEXCUBE will have a transaction code that describes thenature of the entry. These transaction codes are defined by you, depending on your requirements.An MIS Head can be attached to a transaction code. A transaction code is attached to an accountingentry when an event is defined for a product, through the ‘Product Event Accounting EntriesMaintenance’ screen. Thus, whenever a transaction with an MIS Head attached is entered for an entry,the MIS Head will automatically be linked to it. You can change this while defining the product.Alternatively, you can link an MIS Head to an accounting entry directly while defining the product.You should link the appropriate leg of the accounting entry to the MIS Head to which it belongs. Ensurethat you link only one leg of the entry to an MIS Head.5-2
To add a record to the list of ‘Accounting Entries’ click add icon. Choose values for each field of a recordusing the adjoining option list.5.1.5 Operations on the MIS Head recordOn an existing MIS Head record, you can perform the following operations (if any function under theActions Menu is disabled, it means that the function is not allowed for the record): Amend the details of an MIS Head Authorize an MIS Head Copy the details an MIS Head on to a new one Print the details of an MIS Head Delete an MIS HeadPlease refer to the manual on common procedures for details of these operations.5-3
6. Defining Pool Codes and Refinancing Rates6.1IntroductionEach logical pool that will lend or borrow funds should be allocated a pool code. The interest method tobe used while applying refinancing rates for the pool should be defined for the pool code also.The refinancing rates for the pool should be defined in the MIS Pool Refinancing Rates screen.6.1.1 Invoking the MIS Pool Code screenYou can invoke the ‘MIS Pool Code Maintenance’ screen by typing ‘MIDPOOLD’ in the field at the topright corner of the Application tool bar and clicking on the adjoining arrow button.If you are creating a new MIS Pool Code, select ‘New’ from the Actions Menu in the Application toolbaror click new icon. The ‘MIS Pool Code Definition’ screen is displayed without any details.If you are calling an MIS Pool Code that has already been defined, double-click on an MIS Pool Codefrom the summary screen.6-1
6.2Defining refinancing rates for a poolFor each pool, you can define refinancing rates for every month of the year, for different currencies. Therefinancing rate will be used to arrive at the refinance income and expense for a given MIS entity.Two types of refinancing rates can be defined: debit rate and credit rate.The debit rate is applied when the cumulative average balance calculated for the MIS entity is positive.This indicates that the MIS entity has borrowed funds.The credit rate is applied when the cumulative average balance calculated for the MIS entity is negative.This indicates that the MIS entity has lent funds.The refinancing rates are defined for each branch of your bank, individually.6.2.1 Invoking the MIS Pool Refinancing Rates screenIf you are creating MIS Pool Refinancing rates for a new pool, select ‘New’ from the Actions Menu in theApplication toolbar or click new icon. The ‘MIS Pool Refinancing Rates’ screen is displayed without anydetails.If you are calling an existing MIS Pool Code, double-click on an MIS Pool Code from the summary screen.Once the refinancing rates have been defined for a month, for a Pool Code-currency combination, youshould use the Amend option for maintenance screens to input the rates applicable for the subsequentmonths.The rates for a month in the past can also be defined. If the rates have not been defined for a specificmonth, the latest rates available in the screen will be picked up. For example, you have defined rates forthe months of January and February of the year 1998. You are in April now and there is no rate for6-2
March 1998. The rate defined for February 1998, being the latest available in the screen, will be pickedup for March also.6.2.2 Operations on the MIS Pool Refinancing Rates recordOn an existing MIS Pool Refinancing Rates record, you can perform any of the following operations (ifany function under the Actions Menu is disabled, it means that the function is not allowed for therecord): Amend the rates Authorize the addition or amendment of the rates Copy the details from one pool code to another Print the details of the refinancing rates Delete the refinancing rates for a poolPlease refer to the manual on common procedures for details of these operations.6-3
7. Making MIS adjustments for a pool7.1IntroductionWithin a pool, you may sometimes want to allocate the amounts to be reported from one MIS Code toanother. This concept is explained through the following example:ExampleThe Financial Control (FINCON) department in your bank is the one that disburses the salaries for your staff.This department is defined as an MIS Code under the MIS Class Cost Center.Now, there are other cost centers, such as: loans department, time deposits department, trade financingdepartment and retail banking department.When the salary is disbursed by the FINCON department every month, a debit entry shown for
Oracle FLEXCUBE Universal Banking Release 11.10.0.0.0 [Aug] [2021] Part No. F44735-01 . Management Information System Table of Contents 1. ABOUT THIS MANUAL 1-1 1.1 INTRODUCTION 1-1 . as an MIS class, and have various MIS codes linked to the class for each type of industry: manufacturing, agriculture, mining, financial institution, etc. This .File Size: 1MB
