3.51 General Ledger Subsidiary Products: Working With Investments

Accounting / Back Office

Summary

This class reviews the advantages of an investment trial balance system for the accounting and tracking of the credit union’s investments.  Investment maturity, activity and accounting issues are all clearly communicated to all interested parties through a full inquiry and reporting system.

The training portion of the class will outline the steps for getting started, and the preliminary planning required for the implementation phase.  The lab will allow you to actually create your investment records in your credit union’s files. 

Audience

This class is designed for accounting supervisors and general accounting personnel.

Objectives

By the completion of this course, students will have:

n        Reviewed the differences between the CU*BASE Trial Balance investment reporting system and an Investment Counseling system.

n        Explored the options for developing a concise and organized approach to the credit union’s investment trial balance.

n        Analyzed the CU*BASE tools for communicating “who, how, when and where” about credit union’s investment policies.

Topics

n        Preparing Investment Information for Entry into CU*BASE

n        Organizing G/L Codes

n        Organizing Broker/Safekeeper/Third-Party Relationships

n        Understanding Investment Income Calculation Methods

n        Understanding Premium and Discount Income/Expense Accounting Methods

n        Defining Investment Types

n        Maintaining Market Prices

n        Reporting Maturity

n        Minimizing G/L Account Numbers Required on the Balance and Income Statement

n        Reporting and Inquiry on Investment Results

n        Credit Union Investment Policy Compliance

n        Investment Activity Reports

3.51W Implementation Workshop: If desired, a special workshop can be requested where you can set up subsidiary records using your own credit union’s files, with assistance from CU*Answers staff.  Be sure to bring with you all the worksheets, lists, and other documents you will need to set up your investment records.

Your CU security officer will need to grant you access to the following command before attending this course:

§     MNINVS - All commands

Course Schedule

Future times and dates are to be determined.