Apply FASB-91 Retrospective Amortization

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

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: One Entity/One Security One Entity/All Securities Entity List/One Security Entity List/All Securities All Entities/One Security
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.