![]() ![]() In the other, from Marist/NPR/PBS NewsHour, 52 percent of Americans said Congress should raise the debt ceiling first and worry about spending cuts separately. In one, from SSRS/CNN, 60 percent of Americans said Congress shouldn’t raise the debt ceiling unless it cuts spending at the same time. This was illustrated quite dramatically last Tuesday, when two polls on the debt ceiling were released with wildly different results. Over the past few weeks, pollsters have attempted to capture where Americans stand on this contentious economic battle, and the results are as clear as mud. If you think Congress and the White House have been divided on how to resolve the debt ceiling crisis, wait until you see what the American people think about it. But does this agreement match what Americans have been hoping for in this crisis? Yes, it does. (1) Bank Balances elements under Total Assets, (2) Other Current Financial Liabilities under Total current liabilities (3) Debit Credit Shift Accountsįor more information on the DCS Check Account, DCS Condition as well as the DCS Data Account attributes, please see the BS Account Dimension.The White House and Speaker of the House have come to a tentative - though as yet unpassed - agreement for raising the debt ceiling. Written with a blank space and A at the end (e.g. The sample chart of accounts provided with the Balance Sheet model uses the following naming convention: Element Follow a uniform naming convention to express the relationship between these three accounts. The three accounts under Total Assets, Total Equity and Liabilities and Debit Credit Shift Accounts must have individual element names. Note: after changing the DCS configuration in the attributes, the rule templates handling the Debit Credit Shift in the Balance Sheet cube need to be updated. ![]() To perform the Debit Credit Shift on a group of accounts the DCS Check Account should refer to the consolidated account representing the account group while DCS Data Account should refer to base level accounts. To apply a line-by-line credit shift the DCS Data Account should be identical to the DCS Check Account. If so, the data from the account in DCS Data Account is populated. If the bank balance is less than 0 (=0 or <0 will be populated if the balance on the account in the DCS Check Account attribute meets this condition. The value of the Debit Credit Shift Account populates the account 1217221A - Current Payments as long as the bank balance is greater than or equal to 0 (>= 0). The example below shows how the accounts under Total Assets and Total Equity and Liabilities are populated automatically by rules from the first account located under Debit Credit Shift Accounts. Represents the bank account in case of negative values Represents the bank account only in case of a positive value. Holds the original data and can be positive as well as negative. ![]() The Debit Credit Shift for one bank account is implemented using three separate accounting elements with in the BS Account dimension: Element This move or shift from the asset to the liability side of the balance sheet ledger is referred to as a Debit Credit Shift. ![]() The financial position of a bank account or a set of bank accounts can be represented on a balance sheet by recording the overall balance on the asset (debit) side of the ledger when it is positive and moving it to the liability (credit) side of the balance sheet when the balance becomes negative. ![]()
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