Patent · US Active

Portfolio accounting system and method for handling uncertainty in accounting information

US7653578B2 · kind B2 · utility

0Cited by
1References
17Claims
0Family size

Inventor

Key dates

Filing dateNov 15, 2004
Grant dateJan 26, 2010
Priority date—
Expiry dateNov 28, 2026

Classification

  • Technology area (CPC G)Physics
  • CPC primaryG06Q40/00
  • WIPO fieldIT methods for management
  • WIPO sectorElectrical engineering

Abstract

Portfolio accounting systems and methods are adapted to handle uncertainty in accounting information due to time delay in information issuance. Accounting information is represented by streams of sequenced simple transaction states, each individual state describing the state of an account or its changes as known at a certain point in time while the stream ties the consecutive states into a life cycle of the information improving over time. A first simple transaction state attribute corresponds to the traditional value date. A second attribute corresponds to a reporting date. A third attribute corresponds to the traditional account value or relative/absolute changes thereof.

Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.