Conversion engine and financial reporting system using the conversion engine

US7565311B2 · kind B2 · utility

Assignees

• SUMITOMO MITSUI BANKING CORPORATION · US
• Oracle International Corporation · US

Inventors

• James B. Maguire, III · Scotch Plains, US
• Jun Iwata · Tokyo, JP
• Thomas Nichols · Laguna Niguel, US
• Jay Cleary · New York, US
• Maurice Houeix · Brooklyn, US
• Mary Rudock · Pittsburgh, US
• Naoki Matsumura · Shimizu, JP

Key dates

• Filing date: Feb 24, 2003
• Grant date: Jul 21, 2009
• Expiry date: Nov 27, 2024

Classification

• Technology area (CPC Y): Emerging Cross-Sectional Technologies
• CPC primary: Y10S707/99954
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A computerized management system is provided. The system includes a routine for accessing journal entries stored in a memory and an automated journal entry generating routine for generating journal entries for a first set-of-books and for a second set-of-books based on the accessed journal entries. The journal entries for the first set-of-books are in accordance with a first reporting standard and the journal entries for the second set-of-books are in accordance with a second, different reporting standard.