The financial scheduler is responsible for scheduling financial transactions based on eligibility and entitlement results and case deductions. These financial schedules, known as financial components, are used by the Financial Manager to create financial instruction line items. The financial scheduler sits between the Eligibility and Entitlement Engine and the Financial Manager, translating eligibility and entitlement results as well as case deductions into financial schedules that can be processed into actual payments or bills.
This chapter covers the scheduling of financials for eligible case decisions, case deduction items, and payment corrections. The approach used to describe each of these financial schedules is the same followed throughout this guide. For each financial schedule here is a description of how it looks, how it works, and how to use it.
Financial components are schedules of transactions to be realized into actual financial transactions. A financial component encompasses all of the elements that constitute a financial schedule, e.g. amount, cover period, frequency, validity period, effective date and so on.