Finacle Commands for concurrent auditors Page 2 How to Check Pending Renewals

                With the help of finacle dealing with complex banking transactions has become much easier but as a concurrent auditor if you don’t know how to use it, its utility is nil to you and it will make your head to ache. In my first experience with finacle during the initial days of conducting ConcurrentAaudit of a bank I also faced the same scenario. I was on the first interaction page wondering what to do with this software, but with the help of my Principal I developed a smooth hand on its use and learnt a lot about it. It is much easier to use than it seems to you when you first visit a bank for audit purposes. Here I’m going to share its use and help those who are at the same stage this time as I was before a couple of years.

Some of the aspects Concurrent Auditors have to take care of:

• Overdrafts:
• Cash:
• Documentation and KYC:
• Pending Installments of Term loans:
• Cash Credit accounts operating conditions:
• Observation on information system(maintenance, operating, internal control etc):
•  Verification of high value and unusual transactions:
• Insurance Business:

And more based on the type of bank and type of branch in the bank.

Most Used Finacle Commands which are a must to learn for beginners.

• Acs – Account selection
• Acli – Account ledger inquiry
• Ato – Account turnover
• FTI -  Financial Transaction inquiry
• Laopi – Loans and advances outstanding position inquiry
• Lrp    -   Limit liability report
• CUMI  -  Customer Master Inquiry

How To Check Overdraft in CC, CD and SOD accounts

How to check Pending Renewals.

                Cash credit accounts need to be renewed every year at the time of expiry of the renewal date. Concurrent auditors need to report those accounts for which renewal date have passed and still they are not renewed by the account holder.

Follow these steps to check accounts with pending renewals.

•  Step 1)  On the first interaction page enter lrp in the menu options’ option box and press ENTER
•  Step 2)  New menu will open up with approximately 13 available select-able options  with 7^th option  as “View/Print Accounts for given Sanction Limit Expiry Date” press 7 and then press F4.
•  Step 3)  It will ask you for the SOL ID, enter the SOL ID of you bank branch and press f4.
•  Step 4)  A new menu will open up with the options as “Enter Scheme Type CCA-for Cash Credit , ODA- for SOD”     Type CCA and press f4
•  Step 5)  A new menu will open up asking you to “Enter from Expiry-Date dd/mm/yyyy” Type the expiry date from which you want to check the pending renewals and press f4.
•  Step 6)  A new menu will open up asking you to “Enter To Expiry-Date dd/mm/yyyy”   Type the expiry date up to which you want to check the pending renewals (usually we enter the current date)     and press f4.
• Step 6) New menu will open with options as “Print or type or File (P/T/F) ?” Enter T( which stands for type)  and press f4.

Here you get the list of accounts with pending renewals. Report them as it is.

How to check if a CC account has been renewed or not

How to check Default of Installments and Interest Excluding NPA (laopi)
Daily cash balance checking
How to Check “General Ledger” of a bank