adding Lifecycle event called Interest Applied

mifosng-provider/src/main/java/org/mifosplatform/accounting/journalentry/data/LoanDTO.java

@@ -5,7 +5,6 @@
  */
 package org.mifosplatform.accounting.journalentry.data;
 
-import java.math.BigDecimal;
 import java.util.List;
 
 public class LoanDTO {
@@ -13,18 +12,15 @@ public class LoanDTO {
     private Long loanId;
     private Long loanProductId;
     private Long officeId;
-    private BigDecimal calculatedInterest;
     private boolean cashBasedAccountingEnabled;
     private boolean accrualBasedAccountingEnabled;
     private List<LoanTransactionDTO> newLoanTransactions;
 
-    public LoanDTO(final Long loanId, final Long loanProductId, final Long officeId, final BigDecimal calculatedInterest,
-            final boolean cashBasedAccountingEnabled, final boolean accrualBasedAccountingEnabled,
-            final List<LoanTransactionDTO> newLoanTransactions) {
+    public LoanDTO(final Long loanId, final Long loanProductId, final Long officeId, final boolean cashBasedAccountingEnabled,
+            final boolean accrualBasedAccountingEnabled, final List<LoanTransactionDTO> newLoanTransactions) {
         this.loanId = loanId;
         this.loanProductId = loanProductId;
         this.officeId = officeId;
-        this.calculatedInterest = calculatedInterest;
         this.cashBasedAccountingEnabled = cashBasedAccountingEnabled;
         this.accrualBasedAccountingEnabled = accrualBasedAccountingEnabled;
         this.newLoanTransactions = newLoanTransactions;
@@ -78,11 +74,4 @@ public class LoanDTO {
         this.newLoanTransactions = newLoanTransactions;
     }
 
-    public BigDecimal getCalculatedInterest() {
-        return this.calculatedInterest;
-    }
-
-    public void setCalculatedInterest(BigDecimal calculatedInterest) {
-        this.calculatedInterest = calculatedInterest;
-    }
 }

mifosng-provider/src/main/java/org/mifosplatform/accounting/journalentry/service/AccountingProcessorHelper.java

@@ -56,8 +56,6 @@ public class AccountingProcessorHelper {
         final Long loanId = (Long) accountingBridgeData.get("loanId");
         final Long loanProductId = (Long) accountingBridgeData.get("loanProductId");
         final Long officeId = (Long) accountingBridgeData.get("officeId");
-        final BigDecimal calculatedInterest = (BigDecimal) accountingBridgeData.get("calculatedInterest");
-
         final List<LoanTransactionDTO> newLoanTransactions = new ArrayList<LoanTransactionDTO>();
 
         @SuppressWarnings("unchecked")
@@ -81,8 +79,7 @@ public class AccountingProcessorHelper {
 
         }
 
-        return new LoanDTO(loanId, loanProductId, officeId, calculatedInterest, cashBasedAccountingEnabled, accrualBasedAccountingEnabled,
-                newLoanTransactions);
+        return new LoanDTO(loanId, loanProductId, officeId, cashBasedAccountingEnabled, accrualBasedAccountingEnabled, newLoanTransactions);
     }
 
     /**

mifosng-provider/src/main/java/org/mifosplatform/accounting/journalentry/service/AccrualBasedAccountingProcessorForLoan.java

@@ -34,6 +34,11 @@ public class AccrualBasedAccountingProcessorForLoan implements AccountingProcess
                 createJournalEntriesForDisbursements(loanDTO, loanTransactionDTO, office);
             }
 
+            /*** Handle Interest Postings ***/
+            if (loanTransactionDTO.getTransactionType().isApplyInterest()) {
+                createJournalEntriesForInterestPostings(loanDTO, loanTransactionDTO, office);
+            }
+
             /*** Handle Apply charges ***/
             else if (loanTransactionDTO.getTransactionType().isApplyCharges()) {
                 createJournalEntriesForApplyCharges(loanDTO, loanTransactionDTO, office);
@@ -58,9 +63,7 @@ public class AccrualBasedAccountingProcessorForLoan implements AccountingProcess
     }
 
     /**
-     * Debit loan Portfolio and credit Fund source for Disbursement. Also
-     * recognise the receivable interest (Debit "Interest Receivable" and credit
-     * "Income from Interest")
+     * Debit loan Portfolio and credit Fund source for Disbursement.
      * 
      * @param loanDTO
      * @param loanTransactionDTO
@@ -77,7 +80,6 @@ public class AccrualBasedAccountingProcessorForLoan implements AccountingProcess
         final String transactionId = loanTransactionDTO.getTransactionId();
         final Date transactionDate = loanTransactionDTO.getTransactionDate();
         final BigDecimal disbursalAmount = loanTransactionDTO.getAmount();
-        final BigDecimal interestAmount = loanDTO.getCalculatedInterest();
         final boolean isReversed = loanTransactionDTO.isReversed();
 
         // create journal entries for the disbursement (or disbursement
@@ -85,12 +87,33 @@ public class AccrualBasedAccountingProcessorForLoan implements AccountingProcess
         helper.createAccrualBasedJournalEntriesAndReversalsForLoan(office, ACCRUAL_ACCOUNTS_FOR_LOAN.LOAN_PORTFOLIO,
                 ACCRUAL_ACCOUNTS_FOR_LOAN.FUND_SOURCE, loanProductId, loanId, transactionId, transactionDate, disbursalAmount, isReversed);
 
+    }
+
+    /**
+     * Recognise the receivable interest <br/>
+     * Debit "Interest Receivable" and Credit "Income from Interest"
+     * 
+     * @param loanDTO
+     * @param loanTransactionDTO
+     * @param office
+     */
+    private void createJournalEntriesForInterestPostings(final LoanDTO loanDTO, final LoanTransactionDTO loanTransactionDTO,
+            final Office office) {
+
+        // loan properties
+        final Long loanProductId = loanDTO.getLoanProductId();
+        final Long loanId = loanDTO.getLoanId();
+
+        // transaction properties
+        final String transactionId = loanTransactionDTO.getTransactionId();
+        final Date transactionDate = loanTransactionDTO.getTransactionDate();
+        final BigDecimal amount = loanTransactionDTO.getAmount();
+        final boolean isReversed = loanTransactionDTO.isReversed();
+
         // create journal entries for recognising interest (or reversal)
-        BigDecimal interestApplied = loanDTO.getCalculatedInterest();
-        if (interestApplied != null && !(interestApplied.compareTo(BigDecimal.ZERO) == 0)) {
+        if (amount != null && !(amount.compareTo(BigDecimal.ZERO) == 0)) {
             helper.createAccrualBasedJournalEntriesAndReversalsForLoan(office, ACCRUAL_ACCOUNTS_FOR_LOAN.INTEREST_RECEIVABLE,
-                    ACCRUAL_ACCOUNTS_FOR_LOAN.INTEREST_ON_LOANS, loanProductId, loanId, transactionId, transactionDate, interestAmount,
-                    isReversed);
+                    ACCRUAL_ACCOUNTS_FOR_LOAN.INTEREST_ON_LOANS, loanProductId, loanId, transactionId, transactionDate, amount, isReversed);
         }
     }
 

mifosng-provider/src/main/java/org/mifosplatform/portfolio/loanaccount/data/LoanTransactionEnumData.java

@@ -19,6 +19,7 @@ public class LoanTransactionEnumData {
     private final boolean repaymentAtDisbursement;
     private final boolean repayment;
     private final boolean contra;
+    private final boolean applyInterest;
     private final boolean waiveInterest;
     private final boolean waiveCharges;
     private final boolean applyCharges;
@@ -36,6 +37,7 @@ public class LoanTransactionEnumData {
         this.waiveInterest = Long.valueOf(4).equals(this.id);
         this.waiveCharges = Long.valueOf(9).equals(this.id);
         this.applyCharges = Long.valueOf(10).equals(this.id);
+        this.applyInterest = Long.valueOf(11).equals(this.id);
         this.writeOff = Long.valueOf(6).equals(this.id);
         this.recoveryRepayment = Long.valueOf(8).equals(this.id);
     }
@@ -76,4 +78,8 @@ public class LoanTransactionEnumData {
         return this.applyCharges;
     }
 
+    public boolean isApplyInterest() {
+        return this.applyInterest;
+    }
+
 }

mifosng-provider/src/main/java/org/mifosplatform/portfolio/loanaccount/domain/Loan.java

@@ -1215,6 +1215,11 @@ public class Loan extends AbstractPersistable<Long> {
     private void disburse(final LocalDate expectedDisbursedOnLocalDate) {
         this.actualDisbursementDate = expectedDisbursedOnLocalDate.toDate();
         updateLoanScheduleDependentDerivedFields();
+        /****
+         * Vishwas TODO: Refactor to skip unnecessary creation of Disbursement
+         * and fees applied transactions (though they are not persisted) on
+         * modifications to loan application modification
+         *****/
         handleDisbursementTransaction(expectedDisbursedOnLocalDate);
     }
 
@@ -1275,6 +1280,17 @@ public class Loan extends AbstractPersistable<Long> {
             } else {
                 updateLoanSummaryDerivedFields();
             }
+
+            /***
+             * Adding a temporary Interest applied transaction (applying the
+             * full Interest as soon as the loan is disbursed), will have to
+             * re-look into this logic once loans with Interest calculation need
+             * to be created or more advances accrual accounting support has to
+             * be provided
+             ***/
+            Money interestApplied = Money.of(this.getCurrency(), this.summary.getTotalInterestCharged());
+            final LoanTransaction interestAppliedTransaction = LoanTransaction.applyInterest(this, interestApplied, actualDisbursementDate);
+            this.loanTransactions.add(interestAppliedTransaction);
         }
 
         return actualChanges;

mifosng-provider/src/main/java/org/mifosplatform/portfolio/loanaccount/domain/LoanTransaction.java

@@ -86,6 +86,10 @@ public final class LoanTransaction extends AbstractPersistable<Long> {
         return new LoanTransaction(loan, LoanTransactionType.WAIVE_INTEREST, waived.getAmount(), waiveDate);
     }
 
+    public static LoanTransaction applyInterest(final Loan loan, final Money amount, final LocalDate interestAppliedDate) {
+        return new LoanTransaction(loan, LoanTransactionType.APPLY_INTEREST, amount.getAmount(), interestAppliedDate);
+    }
+
     public static LoanTransaction copyTransactionProperties(LoanTransaction loanTransaction) {
         return new LoanTransaction(loanTransaction.loan, loanTransaction.typeOf, loanTransaction.dateOf, loanTransaction.amount,
                 loanTransaction.principalPortion, loanTransaction.interestPortion, loanTransaction.feeChargesPortion,

mifosng-provider/src/main/java/org/mifosplatform/portfolio/loanaccount/domain/LoanTransactionType.java

@@ -21,7 +21,8 @@ public enum LoanTransactionType {
      */
     RECOVERY_REPAYMENT(8, "loanTransactionType.recoveryRepayment"), //
     WAIVE_CHARGES(9, "loanTransactionType.waiveCharges"), //
-    APPLY_CHARGES(10, "loanTransactionType.applyCharges");
+    APPLY_CHARGES(10, "loanTransactionType.applyCharges"), //
+    APPLY_INTEREST(11, "loanTransactionType.applyInterest");
 
     private final Integer value;
     private final String code;
@@ -75,6 +76,9 @@ public enum LoanTransactionType {
             case 10:
                 loanTransactionType = LoanTransactionType.APPLY_CHARGES;
             break;
+            case 11:
+                loanTransactionType = LoanTransactionType.APPLY_INTEREST;
+            break;
             default:
                 loanTransactionType = LoanTransactionType.INVALID;
             break;

mifosng-provider/src/main/java/org/mifosplatform/portfolio/loanproduct/service/LoanEnumerations.java

@@ -248,6 +248,10 @@ public class LoanEnumerations {
                 optionData = new LoanTransactionEnumData(LoanTransactionType.APPLY_CHARGES.getValue().longValue(),
                         LoanTransactionType.APPLY_CHARGES.getCode(), "Apply Charge");
             break;
+            case APPLY_INTEREST:
+                optionData = new LoanTransactionEnumData(LoanTransactionType.APPLY_INTEREST.getValue().longValue(),
+                        LoanTransactionType.APPLY_INTEREST.getCode(), "Apply Interest");
+            break;
         }
         return optionData;
     }