Eagle Accounting can process and support a wide variety of fixed income instruments, different coupon types, an assortment of security attributes, various entity and accounting book options, and nine different amortization methods. In processing these different instruments and options, Eagle Accounting adheres to four main principles while running the earnings procedure:
- Eagle Accounting ensures that a position's earnings values is correct life-to-date each day, based on the securities' period to date information (see the note that follows).
- Eagle Accounting provides the necessary processes to correct earnings values when reference data changed in prior coupon periods, or when you find cash flow assumptions are incorrect.
- Eagle Accounting processes fixed income earnings in the most efficient manner for speed in processing.
- Eagle Accounting meets the needs of users by providing ample flexibility to process and report on earnings of fixed income securities.
Being correct with regards to earnings means calculating where each of the security earning pieces should be life-to-date each day, based on the security's current coupon period's reference, entity, and accounting basis information. Each day, Eagle Accounting calculates the life-to-date values for earnings and then subtracts the previous day's life-to-date number, to create the earn through date's daily delta. This ensures that Eagle Accounting is always correct about a position when running the earnings process.
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