Versions Compared

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.

In the Apply FASB-91 Retrospective Amortization panel, you can apply selected retrospective amortization calculations after you review the generated results for validity.

When you use this option, the system updates the FASB91 records of the selected securities to indicate that they were processed. The system excludes processed records from use for any subsequent Apply Retrospective Amortization process. That is, you cannot recalculate retrospective amortization for the selected assets using the Apply FASB-91 Retrospective Amortization global option or using the Retrospective Amortization global option. This option allows you to apply retrospective amortization values for your current holdings. It does not allow you to apply retrospective amortization values towards pending transactions not yet processed by the STAR accounting engine.


Highlight

WRITERS NOTE: confirm above paragraph. And behavior below. No data. Cannot test whether button appears in ribbon or not.


To apply FASB-91 retrospective amortization:

  1. In Accounting Center, in the left navigation pane, click Processing & Exceptions > Global Processes > FASB-91 Retrospective Amortization > Apply FASB-91 Retrospective Amortization.
    You see the Apply FASB-91 Retrospective Amortization panel.
  2. Complete the options on the Apply FASB-91 Retrospective Amortization panel.
  3. Click Submit.
    In the Show All window, you see the list of retrospective amortization records that met your criteria.
  4. Click the Select column for each row with assets for which you want to apply the retrospective earnings, so that a check mark appears for that row.
    You can press CTRL + I to select all rows.
  5. Click Run Retro for the Selected Records.
    The system generates a list of the records you selected for retrospective amortization processing. It displays the amortization processing options that you applied when you initially submitted the Generate FASB-91 Report Data panel, such as the Retrospective Amortization Switch value and the Earn Through Date value. 
Highlight

WRITERS NOTE: can you change the parameters? should you?


  1. Click Submit.
    The system processes retrospective amortization for the selected assets. 
Highlight

WRITERS NOTE: I do not have real data for viewing report results or processing. confirm panel behavior after Submits . Do you see loopbacks or is there another button you must press? Is the processing similar to regular retro?