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Highlights:

- - Covers the journalisation process for financial instrument in the banking book and trading book as well as non-financial instruments
  - Integrated accounting rules engine (ARE)
  - Multi-GAAP, multi-entity, multi-currency
  - Parallel accounting, adjustment accounting supported
  - Optional full-size general ledger or shadow ledger
  - Export of D/C entries or accounting events to any third-party general ledger
  - Equipped for IFRS 9: template with IFRS 9 compliant accounting logic and chart of accounts. Using experience gained in over 10 years in financial accounting for IAS 39 and in current IFRS 9 projects with different auditors, FERNBACH Jabatix has developed an accounting logic that covers all business events for the entire portfolio of an entity. The accounting logic and a standard chart of accounts, which can be customised by a simple mapping process during a project, are part of each delivery.
  - Templates for various GAAPs with pre-defined accounting rules and chart of accounts

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Full-size general ledger in parallel GAAPs, covering the entire portfolio of an entity including financial and non-financial instruments
Shadow ledger for financial instruments or a portfolio of financial instruments, including the delivery of debit/credit entries to any third-party general ledger
Shadow ledger that is limited to specific products and for specific valuation elements.

For details on how to access the Balance Sheet and Income Statement in a specific GAAP, how to maintain the accounting logic and how to analyse financial accounting by drilldown and breakdown at individual transaction level, please read more in the manual: Swim Lane Financial Accounting.

The blueprint Financial Accounting supports

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Figure: Blueprint Financial Accounting

For each GAAP FlexFinance Jabatix offers the entire process chain for financial accounting, including

Classification and Valuationand Valuation, covering the calculation of GAAP-specific values for initial and subsequent measurement, refer to process chain for initial and subsequent measurement
Hedge Accounting
Risk Provision, including segmentation of financial assets with similar credit risk characteristics, stage assignment, calculation of GAAP-specific credit losses, refer to Workbenches for risk provisioning.
Analysing and presentation of results, refer to Data Marts, Analysis and Reports for Financial Accounting.

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