Allocation manager

US8768794B2 · kind B2 · utility

Assignee

• Oracle International Corporation · US

Inventors

• Abhijit Dhakephalkar · Hyderabad, IN
• David Haimes · Belmont, US
• Arunesh C. Banerjee · Fremont, US
• Zeesha Currimbhoy · Mountain View, US
• Robert C. Zwiebach · San Mateo, US
• Rondy Ng · Redwood Shores, US

Key dates

• Filing date: Apr 27, 2012
• Grant date: Jul 1, 2014
• Expiry date: Jun 21, 2032

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/02
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method of using rules to execute periodic allocations of funds in a hierarchal accounting structure may include receiving an allocation rule, comprising a source account, a rule for determining a first amount, a parent account, and an allocation basis; accessing a multidimensional data cube comprising a hierarchal arrangement and aggregated balances for each level of the hierarchal arrangement; generating an allocation scenario by allocating the first amount to the aggregated balances for the one or more child accounts according to the allocation rule; generating one or more accounting journal entries corresponding to the allocation scenario; posting the one or more accounting journal entries to a general ledger associated with a relational database; and updating, using the relational database, the multidimensional data cube to reflect the allocation scenario.