System and Method for Converting and Presenting Financial Information

System and Method for Converting and Presenting Financial Information

A system for converting and presenting financial information from at least one accounting and reporting standard to another accounting and reporting standard comprising an access control means to verify credentials of a user logging in to get access of the system, an input source for feeding in tran...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser: CHAUHAN SANJAY, SHARMA GYANESH, MENON KIRAN, BASU PARITOSH CHANDRA
Format: Patent
Sprache:eng
Schlagworte:
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:A system for converting and presenting financial information from at least one accounting and reporting standard to another accounting and reporting standard comprising an access control means to verify credentials of a user logging in to get access of the system, an input source for feeding in transaction details and calculating account head-wise trial balance; an extraction layer for fetching the head-wise trial balance from the input sources; a financial data management module (FDM) for validating and mapping account head-wise trial balance received from the input sources; an ETI block for fetching and populating account head-wise trial balance and populating the same into a database through an interface table; the interface table for converting head-wise trial balance and fetching other transaction details together known as financial information, for conversion purpose.