Tag: accounting rules engines

Vlog

Business Rules, Source Data, and Code Synchronization

This week’s episode discusses how (1) source or transactional data, (2) reference data and rules, and (3) the application engine must be synchronized to arrive at the desired answers. To produced ledgers, metric engine environments or reports that contain meaningful results, the source data must be created in ways that are very consistent; that typically means bringing together all of the elements listed above. If … Continue reading Business Rules, Source Data, and Code Synchronization

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Vlog

Business Rules & ERP Integration

This week’s episode of Conversations with Kip continues the discussion of reference data in our financial system, specifically discussing how a great deal of reference data is embedded in ERP systems, but use of that data in rules and execution of those rules often requires ERP integration. ERP systems are very effective at managing lists or descriptions of fields which originate within the ERP system, … Continue reading Business Rules & ERP Integration

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Vlog

Developing and Testing Business Rules

This week’s episode ties together the “Requirements are in the Data”  and “Show me the Money”  videos with the structure and nature of rules, and how those have to be developed. The intersection of business rules and the transactional data is critical to understand to develop and test them appropriately.  Accounting and extract rules are accessed by the values provided in the transactional data.  It … Continue reading Developing and Testing Business Rules

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Vlog

Business Rules vs. Reference Data

This week’s episode of Conversations with Kip discusses the need to maintain lists of reference data values, that then are embedded into various rules, and the impact if those are not valid values. Reference data is typically lists of things, like chart of account numbers, products, services, people or organizations.  These values are maintained independently from the rules. On accounting rules, we are often translating … Continue reading Business Rules vs. Reference Data

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Vlog

Business Rule Structures

This week we begin a series of videos to discuss business rules in the finance system. Today’s episode discusses the general structure of business rules, either table or if-then-else structures, and compares and contrasts those approaches and their use. The following extract from my textbook, Balancing Act, Chapter 59, gives a sense of the choices: Tables are easily thought of as spreadsheets, with rows and … Continue reading Business Rule Structures

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Vlog

Movement vs. Balances: A Conversation with Tata Rao

Today’s episode is the second in a three part series of conversations with Tata Rao, at the time Lead Architect of a Global Financial Services Financial System Platform, covering data volume explosion in a consolidated data supply chain, and the storage and compute trade-offs for movements vs. balances. Tata begins by discussing how data volumes grow through the Instrument Ledger processes (to understand an Instrument … Continue reading Movement vs. Balances: A Conversation with Tata Rao

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