The document describes various applications and usage scenarios for ACL data analytics solutions in banking and finance. It lists over 50 example scenarios across several areas including asset management, loans by bank or branch, investment securities, cash disbursements, credit card management, real estate loans, savings and demand deposits, trust assets, general accounting, general ledger, and pension and other trusts. The scenarios focus on analyzing transactions, recalculating amounts, extracting data for auditing, and identifying exceptions or variances across an organization's key business processes and financial reporting.

1. 1
© 2013 ACL Services Ltd.
ACL and the ACL logo are trademarks or registered trademarks of ACL Services Ltd. All other trademarks are the property of their respective owners.
APPLICATION SHEET
BANKING & FINANCE APPLICATIONS
FOR ACL DATA ANALYTICS
ACL data analytic solutions give organizations confidence in the accuracy and integrity of
transactions underlying their key business processes and financial reporting. Following are
some example usage scenarios:“ACL ENABLED US TO DEVELOP
A SYSTEM THAT OPTIMIZES THE
TIME AND RESOURCES OF OUR
CONTROL TEAM. THIS ALLOWS US
TO CARRY OUT A MORE THOROUGH
ANALYSIS IN EVERY REVIEW AND
TO PROVIDE COMPREHENSIVE
CONTROL SERVICES TO EACH
DEPARTMENT WITHIN THE BANK.”
JUAN IGNACIO GIULIANELI
ASSURANCE ANALYST
BANKBOSTON ARGENTINA
AssetManagement
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Analyze inter-company profit or loss on asset sales
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Show items depreciated to cost, and determine assets
higher than cost
■■
Compare book and tax depreciation and indicate
variances
■■
Sample (random or specified) assets for physical
examination
■■
Compare useful lives of assets by category and
compare costs over time
■■
Compute investment tax credits and compare to
credits taken
■■
Recalculate expense and reserve amounts using
replacement costs
■■
Recap asset values, in dollar value order, by net or
cost amount
■■
Analyze for duplicate asset listings
■■
Extract assets with useful lives or depreciation rates
beyond set norms
LoansbyBankorBranch
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Analyze impact of past-due accounts, unearned
income, accrued interest, etc.
■■
Analyze impact of write-off for loans with late
payments or other criteria
■■
Recalculate unearned revenues from interest,
discounts, insurance, etc.
■■
Compare original collateral less depreciation to
outstanding loan balances
■■
Compare unearned revenue with client balances and
report differences
■■
Determine loans where terms were extended by
more than a specific percent
■■
Extract and print loans where payments were less
than the regular amount
■■
Identify accounts with balances exceeding credit
limits by percent overage
■■
Identify loans over or under specified amount, terms,
or interest rate
■■
Isolate delinquent accounts issued prior to a
specific date
■■
Report trial loan balances by account, location,
branch, dollar amount, etc.
■■
Segregate write-offs, bankruptcies, and summarize
by percent, date, etc.
■■
Select sample balance confirmations and merge
with verification letter
■■
Show loans with remaining payments that fail to
amortize calculated balance
■■
Sort and summarize loans by type of security,
purpose, class, credit rate, etc.
InvestmentSecurities
■■
Calculate average yield by investment type and
show detail variances
■■
Calculate total accrued interest receivable by type of
security, agent, etc.
■■
Compare computed interest to amount actually
received on investments
■■
Compare dividends declared per published service
to amount received
■■
Generate frequency distributions of market value,
interest, maturity dates
■■
Identify investments for which no dividends or
interest have been received
■■
Price investments by merging investments file with
security pricing file
■■
Segregate securities that are outside certain
investment grade parameters
■■
Select samples (random or specified) of investments
for market value tests
■■
Select samples of purchases and sales since last audit
for audit verification
■■
Test amortization of premiums and discounts by
selected (re)calculations
■■
List users who can input a trade and create/authorize
payment instructions or journals
■■
Analyze trading activity for market timing
■■
List firm account trades just prior to client account
trades in same security (Front Running)
■■
Analyze account activities for excessive trading or
churning or wash sales
CashDisbursements
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Extract cash disbursements by vendor/supplier for
audit verification
■■
Extract disbursements by bank and date for zero
balance account transfers
■■
Generate vendor cash activity summary for loan or
payables management
■■
Identify check requests that exceed set or selected
dollar amounts
■■
Reconcile inter-branch transfers by extraction or
inclusion
■■
Report on check disbursements for unrecorded
liabilities
■■
Stop overpayments by checking duplicate invoices
with payment request
■■
Summarize cash disbursements by account, bank,
group, vendor, etc.
■■
Summarize check register in order by dollar amount
and vendor
■■
Identify missing, duplicate, void or out of sequence
check numbers

2. 2
© 2013 ACL Services Ltd.
ACL and the ACL logo are trademarks or registered trademarks of ACL Services Ltd. All other trademarks are the property of their respective owners.
APPLICATION SHEET
130132 - applications_Banking
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aboutourproductsandservices?
Call 1-888-669-4225 to speak with a
representative
Visit our website at acl.com
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ABOUT ACL
ACL delivers technology solutions that are
transforming audit and risk management
to give organizations unprecedented
control over their business.
Our integrated family of products—
including our cloud-based governance,
risk and compliance (GRC) solution and
flagship data analytics products—are
used at all levels of the enterprise to help
maximize growth opportunities by
identifying and mitigating risk, protecting
profits, and accelerating performance.
Thanks to 25 years of experience and
our consultative approach, we
implement flawlessly so customers
realize concrete business results fast at
low risk. Our actively engaged
community of more than 14,000
customers around the globe—
including 89% of the Fortune 500 and
hundreds of governments—tells our
story best.
CreditCardManagement
■■
Extract accounts with balances over credit limit and
sort by any criteria
■■
Identify and list accounts past due for specified time,
order by amount
■■
Recalculate and verify current month’s interest
charges
■■
Select and print detail activity for auditing selected
accounts
RealEstateLoans
■■
Examine real estate mortgage loan file for principal
and escrow balances
■■
Extract and report on loans past due for specified
days or other criteria
■■
Generate frequency distribution of loans by principal
value outstanding
■■
Identify amount and dollar volume on non-
performing loans in any sequence
■■
Print a schedule of pre-paid accounts in any order or
selection
SavingsandDemandDeposits
■■
Show accounts with address changes and reversals
within a four week period (loss account analysis)
■■
List balances by branch or in total in any order
required
■■
Prepare frequency distribution by amount, interest,
or maturity rates
■■
Show accounts with incorrect service charge credits
or reversals
■■
Recalculate interest or service charges on accounts
for audit checks
■■
Select a sample of new or closed accounts for
detail auditing
■■
Show accounts with low balance, incorrectly
exempted from service charges
■■
Identify multiple accounts with the same address
■■
Identify branches with excessive fee reversals
■■
Match accounts to names, addresses, phones, or
other characteristics identified in government lists
■■
Identify clerks authorizing deposits for self or family
members
TrustAssets
■■
Check participants’file for non-allowable data (age,
seniority, gender)
■■
Compare securities purchased to securities
stipulated in trust instruments
■■
Extract trust asset information based on any criteria
■■
Identify accounts to be verified for pension
calculations, payments, etc.
■■
Identify disbursements from multiple trusts to the
same address/account
GeneralAccounting
■■
Compare and summarize costs for special pay,
overtime, premium, etc.
■■
Compare useful lives of assets by category and
compare costs over time
■■
Generate receipts distribution to chart of accounts
for ledger comparison
■■
Isolate deferred payments and compare to accrued
amounts in ledger
■■
Produce detailed list of manual payments by amount
or vendor for audit
■■
Provide a complete audit trail for all cash deposits,
withdrawals, adjustments
■■
Provide a complete audit trail for all disbursements
by branch, creditor, etc.
■■
Recap asset values, in dollar value order, by net or
cost amount
■■
Reconcile inter-branch transfers by extraction or
inclusion
■■
Report checks paid that do not match checks issued,
by bank, by check
■■
Report entries against authorization records for new
or terminated employees
■■
Report on assets, compare book and depreciated
values, and show variances
■■
Show items depreciated to cost, and determine
assets higher than cost
■■
Compare current and prior years files for auditing
changes
■■
Sort and report cash by amount, branch, account,
etc.
GeneralLedger
■■
Review GL ticket activity for authorized or value
transactions
■■
Validate GL account footing
■■
Review suspense accounts activity for appropriate
use
■■
Verify feeder systems data in a consolidated ledger
■■
Review suspense transactions activity for appropriate
and timely clearing and offsets
■■
Identify employees with a large number of reversing
entries
PensionandOtherTrusts
■■
Scan and total the schedule of investments (year-
end or year-to-date)
■■
Select samples (specified or random) of asset
transactions for test or audit
■■
Select trust assets for auditing current market value