Accounting system and method

US7983971B1 · kind B1 · utility

Assignee

• Fannie Mae · US

Inventors

• Timothy M. McLuckie · Rockville, US
• Shaun E. Ross · Ashburn, US
• Ted Belay · Washington, US
• Scott Nestor · Ashburn, US
• Abbas Valliani · Vienna, US
• Bediako Ntodi George · Washington, US
• Jaykumar Menon · McLean, US
• Jateendra Gullapalli · Herndon, US
• Ana C. Lapera · Reston, US

Key dates

• Filing date: May 23, 2007
• Grant date: Jul 19, 2011
• Expiry date: Oct 15, 2028

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/12
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A computerized accounting system is described herein. At least a portion of the accounting system may have a service oriented architecture. The accounting system may include an accounting service that is capable of storing versioned accounting policies. The various accounting policies may be used to process accounting data to determine the effect of the various accounting policies on the financial results. Also, the accounting system may include an event processing framework which, in one embodiment, may be used to amortize loans, securities and/or guaranty fee items.