Interest Calculation {FSAO1-2}

This program is used to calculate interest on the student account using the aging balances {FSAOR2-3}. Debit and/or Credit interest can be raised.

The following must be in place before this program can be successful:

System operational definition {FSAM-1} codes SI and SJ of subsystem SD "Date Interest Last Calculated" and "Date Next Interest Calculation".

Once setup the system will maintain them thereafter.

A transaction type for events 26 and 36 in option {FCSO-7} must exist.

Interest Code definitions is setup in options {FSAC-9} and is link to a payment agreement code option {FSAM-24}.

If this program's interest calculation is not correct, then the user may roll it back by using option {FSAO1-7}.

On selection of the option, the system will prompt the user with a print menu and thereafter the following:

Prompt Text ^{* an item between square brackets [ ] is the default answer}	Type & Length	Comments
INTEREST WILL BE CALCULATED FOR "Date" Do you Want to Proceed (Y/N) [Y]	A1	The "Date" that the system will display is selected from system operational definition {FCSM-1} code SJ subsystem SD. If the answer is Y (Yes) and the "Date" is greater than system date, then the program will not do any interest calculations. If the answer is N (No) then the system will not asked the questions below and will not do any interest calculations.
Sort Order : Alphabetical or Numerical (A/N) [A]	A1
Detail or Summary : (D/S) [S]	A1
Enter the Number of Days for the last Aging Column (Greater than 90) [120]	N3
Trial or Update Run : (T/U) [T]	A1	Advice business practice: Always run report in Trail first. Validate that the interest calculated is legitimate. make adjustments where required. Lastly run final.

Sort Order	Per	Comments
	As per user selection

System Select
	No special system selection

Example:

Processing Rules
	The program insert interest transaction on the student account {FSAO-7} as well as in the interest history table. The system operational definition {FSAM-1} codes is updated: Code SI of subsystem SD "Date Interest Last Calculated" with the user selection displayed "Date". Code SJ of subsystem SD "Date Next Interest Calculation" with the user selection displayed "Date" plus one month History transaction can be queried in option {FSAO1-28} and/or a hard copy using report {FSAO1R1-5}. be report

Processing
Rules

The program insert interest transaction on the student account {FSAO-7} as well as in the interest history table.
The system operational definition {FSAM-1} codes is updated:

Code SI of subsystem SD "Date Interest Last Calculated" with the user selection displayed "Date".
Code SJ of subsystem SD "Date Next Interest Calculation" with the user selection displayed "Date" plus one month

History transaction can be queried in option {FSAO1-28} and/or a hard copy using report {FSAO1R1-5}. be report