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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.

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. 

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

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

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?

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 Option2283

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 ID1163Specifies the unique identifier of the entity. This field appears if you set the Select Query Option field to a value for one entity.
Entity Name1164Specifies the name of the entity. This field appears if you set the Select Query Option field to a value for one entity.
Accounting Basis21Specifies the accounting basis for the entity.
Entity List Name1104Specifies 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 ID1091Specifies 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 Currency86Specifies 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 Type1234Specifies the cross reference type associated with the security.
Issue Name961Specifies the name of the security. This field appears if you set the Select Query Option field to a value for one security.
Issue Symbol13Specifies the trade ticker of the security.
Cross Reference ID1233Specifies the cross reference security identifier.
Security Alias10

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.

Partition85Displays 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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