WorksheetsMurex 3: Finance (Accounting)
Total questions: 15
Worksheet time: 11mins
Simple accounts used in accounting rule can be _____ or _____.
Formula or dynamic
Formula or static
Dynamic or static
Static or parameter
Accounting event that is posted once and can be reversed at later date is _____.
Intrinsic
Revaluation
Accruals
Flows
The configuration screen for an accounting rule contains 3 frames:
General information, Scope, and Accounts
Scope, Accounts, and Events
Scope, Accounts, and Filters
SI details, Accounts and Events
The event sub-type for the Off Balance Sheet (OBS) event type are as listed below except the:
Delivery
Commitment
Pre-commitment
Reversal
The flow nature is depends on the 4 transaction type and it can be:
Capital, Interest, Brokerage, and Trade Flow
Capital, Interest, User Defined, and Event Flow
Capital, Interest, User Defined, and Brokerage
Capital, Interest, User Defined, and Initial
The 2 booking modes under the Result (unrealized) event type are:
Offset and incremental
Delivery and incremental
Commitment and offset
Pre-commitment and Commitment
Books the difference of FX conversion between a start and an end date is referring to _____.
FX Conversion
Fixing Date Rate
FX Difference
Entry Date Rate
Accounting date is the _____.
Date when the accounting is generated
Date which prevents accounting entries with value date prior to it to be generated
Date in future when the value of assets or security becomes effective
Date when the month, day, and year that an order is executed in the market
NWD setting that can be found in the Accounting Configuration Template for OBS and Non-OBS event are:
i. Previous
ii. Next
iii. Previous within monthly financial reporting
iv. Next within monthly financial reporting
i & ii
i, ii, iii, & iv
ii & iii
ii, iii, & iv
Which are the 2 settings determine how the system handles accruals in case of non-working days?
i. First Day of Period : Accrual calculation period starts
ii. End of month booking : Accrual amount booked on the last open day of the month
iii. Non working day booking : Accrual amount booked before a non-working day
i, ii, & iii
ii & iii
iii only
i & iii
Generation accounting script already run on a trade and then that trade was modified.
i. Run EOD.ACCOUNTING.ENTRY.GENERATION.TRADE directly
ii. Run Refresh event on the trade. Then run EOD.ACCOUNTING.ENTRY.GENERATION.TRADE directly
iii. Run EOD.ACCOUNTING.ENTRY.GENERATION.TRADE on the trade
(i) is correct
(i) & (ii) are correct
(ii) & (iii) are correct
All options above are correct
Generation accounting script already run on a trade and then market data was modified.
i. Run EOD.ACCOUNTING.ENTRY.GENERATION.TRADE directly
ii. Run Refresh event on the trade. Then run EOD.ACCOUNTING.ENTRY.GENERATION.TRADE directly
iii. Run EOD.ACCOUNTING.ENTRY.GENERATION.TRADE on the trade
(i) is correct
(i) & (ii) are correct
(ii) & (iii) are correct
All options above are correct
Generation accounting script already run on a trade and then a accounting rule impacting these accounting entries was modified.
i. Run EOD.ACCOUNTING.ENTRY.GENERATION.TRADE directly
ii. Run Refresh event on the trade. Then run EOD.ACCOUNTING.ENTRY.GENERATION.TRADE directly
iii. Run EOD.ACCOUNTING.ENTRY.GENERATION.TRADE on the trade
(i) is correct
(i) & (ii) are correct
(ii) & (iii) are correct
All options above are correct
Generation accounting script run on a trade and then FX rates was modified in internal fixing set.
i. Run EOD.ACCOUNTING.ENTRY.GENERATION.TRADE directly
ii. Run Refresh event on the trade. Then run EOD.ACCOUNTING.ENTRY.GENERATION.TRADE directly
iii. Run EOD.ACCOUNTING.ENTRY.GENERATION.TRADE on the trade
(i) is correct
(i) & (ii) are correct
(ii) & (iii) are correct
All options above are correct
Accounting entries are not generated for a trade. What should we do to check?
i. Query the trade in ACG_TRD_GEN_STS_DBF -> M_GI_VERSION/M_GI_DATE/M_GR_VERSION/M_GR_DATE Do we have version = 1 (if not, we verify that the trade is in scope of accounting EOD)? Do we have date = today's accounting date? (if not, we verify that the trade is in scope of today's accounting EOD)
ii. Query the Processes audit. Verify if the trade is in the list of scoped items.
iii. Query the Processes audit. Verify if the trade is in the list of failed items.
(i) is correct
(i) & (ii) are correct
(ii) & (iii) are correct
All options above are correct
