IC sign diagnostic
Check description¶
This check verifies the consistency between the sign of the IC amounts entered by account, custom dimensions, and counterparty and what is specified as IC sign check in the accounts list. It checks only the accounts associated with the selected process and, for each entity (Entity, contributor node, consolidation node), only those included in the process data model associated with that entity.
The check is performed only on original scenarios.
If ‘IC Sign check’ in the accounts list is set to ‘Debit’ or ‘Credit’, the diagnostic reports any unbalanced amounts in the IC step within the process data model of the entity being diagnosed.
If ‘IC sign check’ in the accounts list is set to ‘As gross amount’, the diagnostic reports any unbalanced amounts at the highest level between gross and IC (capacity level) present in the process data model of the entity being diagnosed.
It can be run either on single elements of the custom dimensions or on first level nodes of the custom dimensions or by adding up the custom dimensions based on what is specified in the validation rules of the process
The check is run only on the Entity journals and amount categories and only on the category groupings of Entity and consolidator Entity.
Accounts list and diagnostic¶
The following attributes of the accounts list are relevant for the execution of diagnostic data processing:
| Attribute | Description |
|---|---|
| IC sign check | Specifies how the signs of IC entries are checked. The IC sign check is performed only on accounts where the setting is other than ‘Do not check’ (Accounts List ). |
| Accounting class signs | Signs used by the accounting classes (e.g. payables, revenues, costs...) in the reporting forms. The diagnostic function takes into account the information specified under Accounting class signs: Debit. It is possible to specify whether the ‘Debit’ account class should be shown as a negative or a positive value (Account Dimension Settings). |
The check is based on the following logic:
| If... | AND... | Then... |
|---|---|---|
| IC sign check = Debit | The debit sign is positive. | the diagnostic checks that the amount is greater than or equal to zero |
| IC sign check = Debit | The debit sign is negative. | the diagnostic checks that the amount is less than or equal to zero |
| IC sign check = Credit | The debit sign is positive. | the diagnostic checks that the amount is less than or equal to zero |
| IC sign check = Credit | The debit sign is negative. | the diagnostic checks that the amount is greater than or equal to zero |
| IC sign check = As Gross amount | amounts are not zero. | the diagnostic verifies that both are greater than zero or less than zero. In other words, it checks that the signs of the amounts entered for each account, custom dimension, and counterparty in the IC data are consistent with the signs of the amounts entered for each account and custom dimension in the gross data. |
Categories to be diagnosed¶
The categories and category groupings to be diagnosed are defined in the validation rules of the process (Validation Rules Page). The Severity ( Blocking, Non blocking, Only diagnostic, Do not run)is specified for each category and each grouping.
Entity groupings are those containing only entity categories, namely contributor amounts and/or entity journals.
The consolidator entity groupings, on the other hand, are those containing only entity categories - namely amounts and/or entity journals - where at least one belongs to the consolidator.