| Description | Accounting Category represents a standard category definition of accounting topics.
The entire set of Accounting Categories (established by the organization) establishes the universe of topics about which accounting information will be monitored;
for example, Ledger Accounting Category could have sub-categories such as Interest Income, Salary Expenses and Employee Benefit Expense. Managerial Accounting Categories could have sub-categories such as Hours Worked By Salaried Employees and Customer Accounting Categories could have sub-categories such as Demand Deposit or Saving Deposit.
Examples:
Managerial Accounting Categories could have Hours Worked By Salaried Employees.
Customer Accounting Categories could have Demand Deposit or Saving Deposit.
Ledger Accounting Category could have Interest Income, Salary Expenses and Employee Benefit Expense.
Asset Accounting Category could have :
Cash
Loans
Shares And Other Equity
Non Share Securities
Money Market Paper
Fixed Assets
Remaining Assets
Capital Accounting Category could have :
Regulatory Capital
Discretionary Capital
-- Reserves
---- Loan Loss Reserve
---- Cash Reserve
-- Other Discretionary Capital
Capital Accounting Category Type could have Accounting Categories that measure the difference between the Organization's assets and liabilities (this is also known as Owner's Equity or Net Worth ), according to the nature of the capital involved, for example: Common Stock, Preferred Stock, Capital Notes, Debentures, Loan Loss Reserves.
General Ledger Accounting Category Type represents a standard category definition of accounting topics as found in the General Ledger of the Organization i.e. the universe of topics about which accounting information will be monitored in the General Ledger.
Credit Risk Accounting Category Type could have Accounting Categories according to the accounting method for treating the product as on or off balance sheet, and whether the exposure position is an exchange traded position.
Examples (these examples are more towards the creation of financial instrument):
Over The Counter Derivatives Exposure
Securities Exposure
Loan Credit Exposure
Commitments Exposure
-- Committed Exposure
-- Uncommitted Exposure
---- Communicated Exposure
---- Uncommunicated Exposure
Other Non-Derivative Off Balance Sheet Items |
Account Bk
