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Overview
- Add feature in Mifos X to create and manage share accounts and post dividends
Background and strategic fit
Requirements/User Stories
| # | Title | User Story | Importance | Notes |
|---|---|---|---|---|
| 1 | Manage products for Share accounts | As an operations manager, I wish to define a deposit product that will be used to maintain member shares, balances and dividends paid to members | Must Have | |
| 2 | Create share account for member | As operations staff, I wish to create a share account for the member. | Must Have | |
| 3 | Apply for additional shares for member | |||
| 4 | Post dividend to share account | |||
| 5 | Manage configurations for dividend calculations | |||
| 6 | Pre-View Calculated Dividend | |||
| 7 | Approve and Post Calculated Dividend |
Business Rules
Share accounts will be deposit accounts. There will be no interest rate that is associated to the shares account.
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Member may purchase additional shares which will follow the same process.
Attributes
| Attribute | Description | Notes |
|---|---|---|
| Number of shares | ||
| Value of shares | ||
Security and Permissions
New permissions needed for the following:
- Create / List / View / Edit Share products
- Create / View / Edit Share accounts
- Apply for Shares
- Post Dividend
- Manage Configurations for Dividend Calculation
- Pre-View Calculated Dividend
- Approve and Post Calculated Dividend
Mifos Functionality Enhancements
New Screens
Share Products:
- Listing
- New/Create
- Edit
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All transactions to have share reference, number of shares and value of shares
Changes to Existing Screens
Option to create new Share Products from Admin screens
Option to create new Shares account from member screens
Changes/Enhancements to Batch Jobs
A new batch job is needed (which will always be invoked manually) to compute dividends based on share account balances.
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e) Balance to be considered between (Two dates)
Changes/Enhancements to Accounting Entries
Additional account heads to be captured (similar to Savings accounts):
- Suspense account for share application money
User interaction and design
Exception Handling
Reporting
APIs
Notes
Questions
Below is a list of questions to be addressed as a result of this requirements document:
| Question | Outcome |
|---|---|