FASB
91
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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FASB
91
Effective interest method amortization for
Bonds and Loans
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FASB
91 effective interest method software
click an underlined product for more information and price page
with free demo and Excel template
1) Paydown
page
for MBS, LSBO, grouped originations, mortgage
backed and other bonds, pools and other
premium, discount instruments when par
is subject to reduction during term due to paydown, prepayment,
partial or complete sale, other curtailment.
• Effective interest
rate calculation
• Effective interest
rate recalculation upon paydown, sale, other change
• Premium and discount
recognition as difference between coupon and effective rate
• Accelerated recognition
attributable to paydown - reported at gross and net
• Accounting and general
ledger balancing reports
• Individual recognition
schedules with paydown recalculation details
• Excel worksheet import
• Export reports and
schedules to Excel
2) Bond page
for bonds, municipal, corporate, government,
notes, bills and other
premium, discount instruments when par
remains constant to maturity.
• Effective interest
rate calculation
• Premium and discount
recognition as difference between coupon and effective rate
• Accounting and general
ledger balancing reports
• Individual amortization
and accretion schedules
• Full recognition for
call, early maturity, sale
• Accrual reporting
at coupon rate
• Issue cost or acquisition
fee amortization
• Calculator and Excel
worksheet import
• Export reports and
schedules to Excel
3) Loan page
for amortizing loans, interest only and balloons.
• Fixed rate and adjustables
• Monthly, bi-weekly,
quarterly, annual payments
• Actual term or average
life
• Fee income, origination
costs and net of both
• Effective interest
rate calculation
• Individual principal
and deferral amortization schedules - at note rate and effective interest
rate
• Accounting and general
ledger balancing reports
• Early payoff recognition
• Calculator and Excel
worksheet import
• Export reports and
schedules to Excel
4) FASB 91
services page
We can provide
• Straight line vs. effective interest method
comparisons
• "What if" scenarios
• Due diligence, conversion impact
• Prior, current and future period balance
sheet status |
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Software
and services applicable for
• Bonds, investments and securities
• Premiums and discounts
• Loan fee income, expense, origination costs
• Commercial, notes, interest only, balloon
• Amortizing, irregular paydowns, average life
• Individual record level
• Bulked groups, such as monthly originated
• LSBO, MBS, purchases, participations
• Dealer fees
• Indirect lending charges |
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