Approval Report
- Tom Fahey (Unlicensed)
- Pamela Totas (Deactivated)
As introduced, the Approval Report tab allows you to review the records in Approved and/or Rejected status for specified composites for the date range selected in the Define window. These records were generated as a result of manual updates made to pending records through the Pending Approvals tab and/or builds/rebuilds executed with the auto-update database enabled.
Approval Report Summary
The summary screen in the following figure displays the Composite Name, Composite ID, # Approved, and # Rejected. The # Approved and # Rejected correspond to the records that exist for each composite in the date range selected in the Define window. You can click Refresh to update the numbers for a given composite.
Performance Composite Approval Details
To view the details for a specific composite, click the composite approval summary record to display the Performance Composite Approval Details screen. The results in the display default to a sorting order based on Entity Name as shown in the following figure. The results however, can be re-sorted by clicking the column heading. The approval details screen is also designed to simplify the display of multiple entities with multiple records within a composite. Only the Approved or Rejected records for an entity display, and the in/in Flag indicators signify the type of change (JKEnt15).
Approval Details of the Entity
To analyze all of the updated records for a given entity, highlight an entity in the Composite Approval Details screen and click Details at the top of the screen to display the Approval Details of the Entity screen. There are various status indicators used to classify changes to constituents based on the updates made on the Pending Approvals tab. A list of the statuses in shown in the following figure
List of Statuses
To further illustrate the statuses listed above, consider the Approved and Process Approved status types in the following example where monthly builds were executed for 12/31/1980 through 6/30/1981. The results of the builds for the composite determined that JK Portfolio 15 (JKEnt15) met the criteria for the composite as of 12/31/1980 and failed the criteria as of 6/30/1981. The Pending records for both were approved by the analyst in Default Mode. As a result, the 12/31/1980 in record is classified as Approved because that record for that Effective Date was deemed to be valid by the analyst.
By default, the Pending in records for 1/31/1981 through 5/31/1981 are classified as Process Approved automatically since the entity is already in the composite as a result of the Approved record on 12/31/1980. Lastly, the 6/30/1980 in record is classified as Approved because that record for that Effective Date was deemed to be valid by the analyst, shown in the following figure.
To illustrate Rejected and Rejected Approved status types, shown in the following figure, consider monthly builds that were executed for 1/31/1980 through 6/30/1980. The results of the builds for the composite determined that JK Portfolio 15 (JKEnt15) met the criteria for the composite as of 1/31/1980 and failed the criteria as of 4/30/1980. The Pending in records for 1/31/1980 through 3/31/1980 were determined to be invalid by the analyst. As a result, the 1/31/1980, 2/29/1980, and 3/31/1980 in records are classified as Rejected. By default, the pending in records for 4/30/1980 through 6/30/1980 are classified as Process Rejected automatically, since the analyst did not approve an in record for a prior Effective Date.
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