Automated method for analyzing and comparing financial data

US6856972B1 · kind B1 · utility

Assignee

• Ford Motor Company · US

Inventors

• Dan Yun · Temperance, US
• Matt Tomilo · Dearborn, US
• Peter Coote · Waterlooville, GB
• Peter Przybocki · Canton, US
• Serguei A. Lougovier · Westland, US

Key dates

• Filing date: Aug 10, 2000
• Grant date: Feb 15, 2005
• Expiry date: Jan 27, 2022

Classification

• Technology area (CPC Y): Emerging Cross-Sectional Technologies
• CPC primary: Y10S707/99931
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

An improved and automated method of analyzing data is provided. The method includes the steps of: gathering data from at least one field in financial statements from at least two different time periods or views; applying a volume variance subroutine against the gathered data; applying a mix variance subroutine against the gathered data; applying a net revenue change subroutine against the gathered data; applying a cost change subroutine against the gathered data; applying an exchange subroutine against the gathered data; applying a one-time subroutine against the gathered data; and reporting the results of the volume variance subroutine, the mix subroutine, the net revenue change subroutine, the cost change subroutine, the exchange subroutine, and the one-time subroutine.