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https://issues.apache.org/jira/browse/FINERACT-608?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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Aleksandar Vidakovic updated FINERACT-608:
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Fix Version/s: (was: 1.9.0)
> Share Dividends wrongly calculated
> ----------------------------------
>
> Key: FINERACT-608
> URL: https://issues.apache.org/jira/browse/FINERACT-608
> Project: Apache Fineract
> Issue Type: Bug
> Components: Shares
> Affects Versions: 1.8.0
> Reporter: Ippez Roberts
> Priority: Critical
> Fix For: 3.0.0
>
>
> I have seen some behavior with Share Account and Dividend.
> I initiated a dividend payout of 100,000 to 4 clients with shares as below
>
> *Product>>Share Product>>Share Account (product name)>>Dividends*
> ||Name||Dividend Period Start Date||Dividend Period End Date||Dividend
> Amount||Status||
> |Share Account|01 January 2017|31 December 2017|100,000|Dividend Approved|
>
> |*Client Name*|*No. of Shares*|
> |Asienzo|38 (approved) 1 pending approval|
> |Mureo|40 (approved)|
> |Drani|6 (approved)|
> |Amatura|0|
> |*TOTAL SHARES*|*84 (approved) 1 pending approval*|
>
> The distribution of dividend is as follow which to me is wrong.
>
> ||Client Name||Share Account||Dividend Amount||Status||
> |Asienzo Clara|21-00001-0|29,260.01|Dividend Initiated|
> |Mureo Stella|21-00002-3|61,078.95|Dividend Initiated|
> |Drani Joseph|21-00003-1|8,192.8|Dividend Initiated|
> |Amatura Women's Group|21-00004-0|1,468.24|Dividend Initiated|
> *Justification*
> # Dividend per share = 100,000/84 = 1,190.48 ==> This is because there are
> 84 approved shares, the 1 pending approval doesn't get dividend.
> # Amatura Women's Group doesn't qualify for dividend because there is no
> share purchased though they have opened a share account.
> # To me the share distribution table should be as below:-
> ||Client Name||Share Account||Dividend Amount||Status||
> |Asienzo Clara|21-00001-0|45,238.24|Dividend Initiated|
> |Mureo Stella|21-00002-3|47,619.2|Dividend Initiated|
> |Drani Joseph|21-00003-1|7,142.88|Dividend Initiated|
> |Amatura Women's Group|21-00004-0|0|Dividend Initiated|
>
> Example, If we are calculating dividend for 2017, we get the total shares at
> the organisation since inception of the organisation e.g if the organisation
> started in 2003, we shall get total shares from 2003 upto 31st Dec 2017. Say
> its 360 shares.
>
> Then if the approved dividend to be given to members is 720,000, we then get
> how much each share will get i.e 720,000/360 = *2,000*
> Now that we know each share gets 2,000, this will be the multiplying factor
> for each members total share.
>
> Eg.
> *Client Name Total Shares Dividend*
> Client 1 1
> 2,000
> Client 2 5
> 10,000
> Client 3 10
> 20,000
> Client 4 0 0
> ....... etc
>
> *TOTAL 360
> 720,000*
>
> Total amount given to clients should be equal to approved dividend.
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