The two-phase approach to the problem of reconciling
Dominion Bank's FRB account permitted us to satisfy the
critical need for improving the manual process, while allowing
us to plan a long-term solution. The implementation of the
short-term program provided an automated means of keeping
track of exception items by allowing the addition and deletion
of items in four database files representing "We Debits," We
Credits," "FRB Debits, II and "FRB Credits." This eliminated the
need to manually transcribe the revised list, initially
comprising 1300 items, on a biweekly basis. The migration
from a biweekly to a daily reconcilement would have been
impossible without the implementation of this program. The
short-term program also provided the ability to print reports
of exception items in a variety of formats which made it
possible to focus on stale items and to report only the
relevant items to the originating areas which was made
possible by the use of the balancing and report group codes.
The balancing phase of the process was also enhanced by
the short-term program because it provided the ability to
instantaneously calculate net totals of exception items. This
feature helped to identify out-of-balance conditions prior to
the close of business each day_ The use of the balancing
group codes made the balancing process more efficient because
out-of-balance conditions could be identified by group,
permitting faster resolution of problem conditions. Another
feature of the short-term program that enhanced the
reconcilement process was the ability to attach descriptive
information to the exception items in the database files using
a 3D-character description field. Special reports could be
generated as needed based on the information in this field, / Master of Science
| Identifer | oai:union.ndltd.org:VTETD/oai:vtechworks.lib.vt.edu:10919/41824 |
| Date | 30 March 2010 |
| Creators | Chaney, Shea Turman |
| Contributors | Systems Engineering, Triantis, Konstantinos P., Blanchard, Benjamin S. Jr., Hicks, James O. Jr. |
| Publisher | Virginia Tech |
| Source Sets | Virginia Tech Theses and Dissertation |
| Detected Language | English |
| Type | Master's project |
| Format | BTD, application/pdf |
| Relation | LD5655.V851_1992.C526.pdf |
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