US 7,480,630 B2 · Method for allocating financial values across multiple accounts using precise values

Abstract

A method for allocating financial statement values across multiple accounts using precise values is provided. The method creates an n×m array of rounded allocation values, which are appropriately scaled according to share values for each account. According to one embodiment of the present invention, the method generates rounded allocation values by working across a given line item, account by account, then to a next line item. The method first calculates a relative portion of a respective line item value to be apportioned to accounts 1 to j for a given account j. The method then rounds the calculated portion according to a predetermined degree of precision. Finally, the method calculates a portion applicable to account j as a difference between the calculated portion and a portion calculated for a previous account j-1. The method repeats these steps for each account from a first account to a last account, then each line items from the first line item to the last line item in the financial statement.

Claims12

Dependent claims

A method for allocating financial statement values across multiple accounts using precise values, comprising:

for a plurality of line item values in the financial statement:
iteratively, from a first account to a last account:
for a given account j, calculating a relative portion of the line item values to be apportioned to line items 1 to i and accounts 1 to j, rounding the calculated portion according to a predetermined degree of precision, and calculating an allocation portion applicable to the account j by subtracting from the rounded value of the calculated portion for the account j:
(1) a rounded value of a calculated portion for a previous account j-1 and (2) a sum of allocation portions applicable to account j of line items 1 to i-i, repeating the iterative process for all line items values in the financial statement;
and a computer generating a financial statement based at least in part on the iterative process.

2 more elements

A computer-readable storage medium encoded with instructions configured to be executed by a processor, the instructions which, when executed by the processor, cause the performance of a method, comprising:

for a plurality of line item values in the financial statement:
iteratively, from a first account to a last account:
for a given account j, calculating a relative portion of the line item values to be apportioned to line items 1 to i and accounts 1 to j, rounding the calculated portion according to a predetermined degree of precision, and calculating an allocation portion applicable to the account j by subtracting from the rounded value of the calculated portion for the account j:
(1) a rounded value of a calculated portion for a previous account j-1 and (2) a sum of allocation portions applicable to account j of line items 1 to i-i, repeating the iterative process for all line items values in the financial statement;
and
producing a financial statement based at least in part on the iterative process.

3 more elements

Dependencies are inferred from the claim text.

Method for allocating financial values across multiple accounts using precise values

Life of this patent

Method for allocating financial values across multiple accounts using precise values

Life of this patent

Abstract

Claims12