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 Run 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.
To apply FASB-91 retrospective amortization:
- 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. - Complete the options on the Apply FASB-91 Retrospective Amortization panel.
- Click Submit.
In the Show All window, you see the list of retrospective amortization records that met your criteria. - 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. - 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. - Click Submit.
The system processes retrospective amortization for the selected assets.
Apply FASB-91 Retrospective Amortization Panel Options
A definition of the options on the Apply FASB-91 Retrospective Amortization panel follows.
Option | Tag | Description |
|---|---|---|
| Apply FASB-91 Retrospective Amortization | ||
| Select Query Option | 2283 | Allows you to show/hide additional query filters. The system displays additional fields depending on your selection. Options include:
|
| Entity Information | ||
| Entity ID | 1163 | Specifies the unique identifier of the entity. This field appears if you set the Select Query Option field to a value for one entity. |
| Entity Name | 1164 | Specifies the name of the entity. This field appears if you set the Select Query Option field to a value for one entity. |
| Accounting Basis | 21 | Specifies the accounting basis for the entity. |
| Entity List Name | 1104 | Specifies the name of the entity list. This field appears if you set the Select Query Option field to a value for an entity list. |
| Entity List ID | 1091 | Specifies the unique identifier of the entity list. This field appears if you set the Select Query Option field to a value for an entity list. |
| Base Currency | 86 | Specifies the base currency of the entity. This field appears if you set the Select Query Option field to a value for one entity. |
| Issue Information | ||
| Cross Reference Type | 1234 | Specifies the cross reference type associated with the security. |
| Issue Name | 961 | Specifies the name of the security. This field appears if you set the Select Query Option field to a value for one security. |
| Issue Symbol | 13 | Specifies the trade ticker of the security. |
| Cross Reference ID | 1233 | Specifies the cross reference security identifier. |
| Security Alias | 10 | Displays the asset identifier of the selected security. This field appears if you set the Select Query Option field to a value for one security. |
| Partition | 85 | Displays the entity partition code. This field appears if you set the Select Query Option field for an entity list or all entities. |
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