Loan IQ Accounting



The entire course will cover both the basic and advanced topics on Loan IQ Accounting. The aim of this course is to provide accounting and control personnel with an overview of the tools and capabilities available through Loan IQ.

This course will also focus on enhancing the understanding of Accounting Table Set-up and the Accounting General Ledger Mapping Process.

Upon successful completion of this course, the participants will be able to:

Obtain an Introduction to Accounting
Understand Interest and fee Accruals
Understand the role of Loan IQ Controllers
Review Loan IQ Accounting related reports
Review and define the Loan IQ Accounting Building Blocks
Review the Loan IQ General Ledger Accounting Mapping Process
Review the Cash Mapping Process
Review the Loan IQ to General Ledger reconciliation process
This course can be delivered both remotely or in classroom both at  Finastra site. However, from the learning effectiveness scale it is recommended to have a classroom session if the participants are new to Loan IQ and have no prior working knowledge on the product.


The participants attending this course should have attended the Loan IQ Core Business course and have knowledge on Loan IQ Application.

Additionally the participants should also have an introductory understanding of accounting and Generally Accepted Accounting techniques.

Course Agenda

This course will cover the following topics:

On-line Accounting
G/L Mapping and Subledgers
Accrual Calculations
Accrual Line Items
G/L Entries
'As of' and Non-accrual processing
Transaction Controls
Profit and Loss Controls
Online Reports
Batch Report
Relationship between LIQ Organizational Structure and LIQ G/L Accounting
Consideration when organizational structures change
How to affect an organizational change
Processes and considerations for updating LIQ Accounting Mapping Tables
Recommended testing procedures
Definitions of individual tables and how they work
Adding new payment methods
Impact of new payment methods on cash interfaces
Process to investigate G/L sub ledger differences
Best practices to fix differences

What's Included

Course includes all training presentation materials, trainee workbooks and hands-on exercises. The exercises will be on live systems, through Academy Labs.