Block of Fixed Assets, Cash on Hand, Sundry Expenses etc.) Saving Accounts, Overdrafts, CC etc.) while ACLPOA gives office accounts (e.g. ACLPCA generates soft copy of customer accounts (e.g. For that purpose, ACLPCA & ACLPOA menus can be used. A soft copy of any account statement cannot be generated from ACLI menu.
ACLPCA & ACLPOA (Customer Account Ledger Print & Office Account Ledger Print) Auditor can verify if RBI norms are followed in asset classification or not.Ģ. Option “Asset Classification Details” can be selected to see if a particular asset is classified as NPA in the system. (It is exactly similar to the menu option ACLHM.) It also shows the last review date and expiry date of the account. From such options “Limit History Maintenance” can be used for checking the increase or decrease of sanction limit and drawing power of a particular advance account. In the options field, press F2 to see the list of options available. Type “I” in the general details of the account will be displayed. For customer accounts, after entering the account number in the field, press Ctrl + E keeping the curser in that very box. For finding out revenue leakage, charges debited in accounts can be checked from this menu. Sensitive accounts such as Suspense Account, Clearing Adjustments account, Sundry Creditor account can be verified from this menu. and check if the branch is charging depreciation properly or is it remitting statutory dues on time in order to avoid interest and penalty. An Auditor can verify the accounts of Fixed assets, Depreciation, TDS remittance pending, Service Tax payable etc. However, it also provides a wide range of information of a particular account. This menu is generally used to check the transactions in any account. In this article I have summarized some key Finacle menus and their uses with a view point of an Auditor. Finacle uses different menus for different functions and reports. Naturally it has become essential for an Auditor to have a working knowledge of Finacle in order to conduct Bank Audit. Many nationalized banks such as Bank of Baroda, Bank of India, PNB, Union Bank of India and private bank such as ICICI are using Finacle as their CBS platform. Finacle is also one of such CBS softwares developed by Infosys. The banking sector in India has developed tremendously after it adopted the Core Banking Solution (CBS).
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