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WRITERS NOTE: please review new page

Month end processing allows a portfolio to report as-of activity in a separate month-end period while maintaining its regular ledger period process. While most clients that use month end processing are Mutual Fund Accounting clients, Core Accounting clients that use Eagle Accounting can also use month end processing. Most

Most Eagle Accounting clients that use month end processing also use Control Center or Automated Event Wrapper to automatically schedule and perform the tasks that comprise month end processing. However, you can also perform many of those tasks manually by submitting the corresponding panels.

WRITERS NOTE: please review prior paragraph for accuracy and tone

AMANDA:

• should we document the panels based on the CC schedule order? Does each client do it differently?

• should we break down the workflow tasks into Transaction Close and Valuation Close sections? Or are those CC only concepts?

• are the right panels included on this page?

Understand the Month End Processing Workflow for Transaction Close Events

tbd. is there a standard schedule this follows such as a CC schedule like CC-ME-Trigger-Val-CLose-Events? or does am I documenting a subset of those events? or an AEW schedule?

You can manually perform month end processing and valuation for entities that use month end processing. The high-level tasks you can perform manually as part of Transaction Close follow.

Task

Panel Name

Event Type

Comments

Push STAR to PACE Batch for the month end accounting date.

Transfer Data - Batch

GEN_STAR_PACE

Moves the As Of month end positions to the Eagle data warehouse

Populate month end balances.

Populate Month End Ledger Balances

POPULATE_MONTHLY_LEDGER_BAL

Process month end rec pay valuation.

Post Daily Fund Month End Rec Pay Valuation

Q_FX_URGLME

MEURGL function wrapper in CC Schedule???

Amanda? Is it Post Daily Fund Month End Valuation panel? Or other URGL panels?

Calculate month end NAV.

Calculate Monthly NAV

Applies to Mutual Fund Accounting

Amanda MCALCNAV - - is this the Calculate Monthly NAV panel?

Do we add these to the transaction close workflow and document them? order? see 1.1.1      CC-ME-Trigger-Txn-Close-Events

Amanda MENRTT - is this the Month End NAV Reconciliation Report panel? (in CC schedule)

Amanda check_best_pricing_detail - what is it? is there a panel? does it vary by clientThis section describes those panels, which you may need to use when you are learning about month end processing or for troubleshooting purposes.

Use Month End Processing with Mutual Fund or Core Accounting

Mutual Fund Accounting clients and Core Accounting clients can use month end processing as follows:

• Mutual Fund Accounting clients can use month end processing to report as-of activity in a separate month-end period while maintaining their regular ledger period process. The month end process for Mutual Fund Accounting includes tasks needed for the calculation of a month end NAV. Most Mutual Fund Accounting clients use Control Center to automate month end processing.

• Core Accounting clients can use month end processing to report as-of activity in a separate month-end period while maintaining their regular ledger period process. For example, you can set up daily ledger periods and use month end processing in order to additionally generate monthly reports that reflect as-of activity.

AMANDA: does this table include the right panels in the right order? is it accurate on what applies only to MF or core?

Understand the Month End Processing Workflow

You can manually perform month end processing and valuation for entities that use month end processing. The high-level tasks you can perform manually as part of Valuation Close follow.

Task	Panel Name	Event Type	Comments
Push STAR to PACE Batch for the month end accounting date.	Transfer Data - Batch	GEN_STAR_PACE
Populate month end balances.	Populate Month End Ledger Balances	POPULATE_MONTHLY_LEDGER_BAL
Post month end class allocations.	Post Month Class Allocations	TRIGGERCLASSALLOC
Post month end sector allocations.	Post Month Sector Allocations	TRIGGERSECTORALLOC
Populate month end balances.	Populate Month End Ledger Balances	POPULATE_MONTHLY_LEDGER_BAL	You run Populate Monthly Ledger Balances twice, before and after allocations, for proper mutual fund processing
Calculate month end NAV.	Calculate Monthly NAV		Applies to Mutual Fund Accounting
Perform monthly portfolio turnover processing	Calculate Monthly Averages	INS_MKTVALUE_MNTHLY_AVERAGES	Used for monthly Portfolio Turnover reports
Perform month end STAR to PACE ledger push	Transfer STAR General Ledger Balances	GEN_STAR_PACE
Run month end net investment income (NII).			Applies only when you use NII and distributions use month end balances
Process month end valuation.	Post Daily Fund Month End Valuation	Q_URGLPOSTME	MEURGL function wrapper in CC Schedule??? Amanda? Is it Post Daily Fund Month End Valuation panel? Or other URGL panels?
Process month end rec pay valuation.	Post Daily Fund Month End Rec Pay Valuation	Q_FX_URGLME
Push STAR to PACE Batch for the month end accounting date.	Transfer Data - Batch	GEN_STAR_PACE
Close month end accounting period.	Close Month End Accounting Period	MONTH_END_CLOSE
Close month end valuation period.	Close Monthly Valuation Period	MVALPERIODSET
Run month end reports.			Varies by client

Amanda EVBPS - ME Best Pricing Detail event? is there a panel? Does it vary by client?

Amanda MENRTT - is this the Month End NAV Reconciliation Report panel? (in CC schedule)

Amanda check_best_pricing_detail - what is it? is there a panel? does it vary by client?

Amanda Calculate Monthly Averages panel? (in CC schedule) - already documented for Portfolio Turnover processing. Is this part of month end processing? A: ask Amanda Jeff

V5.5 RN	Dorota Training Video	Maltby Month End Process Flow Diagram
Populate Month End Balances Close Month End Valuation Period Reopen Month End Valuation Period Post Daily Fund Month End Valuation Post Daily Fund Month End Rec Pay Valuation Calculate Month End NAV Post Month Class Allocations Post Month Sector Allocations	Populate Month End Balances Post Month Class Allocations Post Month Sector Allocations Month End NII (not demo’d) Calculate Month End NAV Post Daily Fund Month End Valuation Transfer Data - Batch (S2P) Close Month End Accounting Period NOT SHOWN: Close Month End Valuation Period (discussed but not demo-d) Reopen Month End Valuation Period Post Daily Fund Month End Rec Pay Valuation	lists processes, no panel names Post As-Of Activity Close Month End Transaction Period Post URGL and MTM Review Valuation Status Trigger ME Unrealized Trigger ME MTM Close Month End Valuation Period Valuation Close Events Calculate Month End NAV

The pages that follow in this section describe how to perform these tasks manually. Alternately you can use Control Center to automate month end processing and use Control Center schedules to perform these tasks for you.

Understand the Control Center Month End Module

should we mention here? how much? does it do a lot of these tasks too?

Control Center provides a central location for you to view the daily or month end accounting status of funds (entities) or groups of funds. It is an exception based processing tool which tests the accuracy of accounting activity on a real time basis. You can group funds/entities in composite structures (multiple layers), allowing managers to view the status of an entire complex in a simple rolled up view.

Control Center’s Month End module was designed as a central location for you to monitor as-of monthly activity and see corresponding NAV impacts. After you use Control Center to perform a month end close, it runs a variety of scheduled events. Control Center’s Validation Status view helps ensure that an entity’s positions, including as-of activity, were successfully valued.

Clients that produce adjusted monthly, quarterly, semi-annual, or annual books containing “as of” transactions can use the Control Center Month End module to prove out the change in net assets (and NAV per share) from the last business day of the month to the “as of” adjusted monthly net assets and NAV per share.WRITERS NOTE: info from CC guide

Understand Year End Closeouts When You Use Month End Processing

For funds that use month end processing in Eagle Accounting, the year end close process works in a slightly different manner. For more information, see Understand Year End Processing.