FASB
91 Software
Effective Interest Method
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| Straight
Line Amortization
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| Financial
Data Support Systems, Inc.
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For
PC, laptop,
workstation and
shared devices
running Windows® |
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Utilized by
Business
Government
Financial Institutions
Accounting Firms |
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Calculator
screen input - Bond, effective interest method amortization
Enter:
• Par or face
value
• Coupon, nominal,
stated interest rate
• Price or current
value (Par + Premium or Par - Discount)
Enter
price as an actual dollar amount or a percent of Par
Select calendar dates:
• Begin (date
to begin amortization)
• Maturity (date
to end, redemption, sale, early call)
Button for 360, 365, or 366 day denominator basis
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Calculator
output
•
Effective interest rate
• The Premium or Discount amount to be
amortized (derived by comparing Price to Par)
• FASB 91 level yield amortization, accretion
schedule consisting of
- Monthly accrued interest
at coupon rate
- Monthly Premium or
Discount recognition
- Monthly interest at
effective interest rate
- Accumulated Premium
or Discount recognition
- Premium or Discount
remaining deferral balance
- Accretion balance
(Book Value) as FASB Carrying Amount: Par + Premium balance or Par
- Discount balance
• The software also calculates
- Interest on Par at
the nominal (coupon) rate from one date to another
- Accrued interest from
any date to any date
• With output results
- View
- Print
- Copy and paste to
Excel or other spreadsheet program |
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Scroll down for samples, price and free software demo ....
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