ASC-310-20 file amortization software  


 Financial Data Support Systems, Inc. 
FASB 91 - all products page
MBS, GNMA, LSBO packages
FASB 91 Loan fees
FASB 91 Dealer fees
  Prospective, Retrospective and
  FASB ASC-310-20
Custom Software, Services
Bond Purchasers - Level Yield
Bond Purchasers - Straight Line
Bond Issuers with issuance costs
Prepaid Expenses, deferred charges  
Deferred Income, revenue
Fixed Assets, FF&E  
Daily, weekly, weeks, 4+4+5
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Accounting Software for





GAAP Prospective, Retrospective amortization

under FASB ASC-310-20

•  Effective interest rate calculations    FASB 91 Loan fees    MBS, GNMA, LSBO packages

•  Discount income, premium expense monthly recognition for all records at the same time

•  Up to 4 income and expense deferrals per record

•  Irregular payment amount recognition adjustments

•  From original begin dates or current  balances forward

•  P&L account listing

•  Balance sheet subsidiary listing

•  Journal voucher recap with debit, credit columns

•  General ledger posting file

•  Detail audit schedule for each record


 
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GAAP, FASB compliant


Free trial system
  •  Amortize your records
  •  Show results to your auditor
  •  1-800-245-8444
  •  email


Premium, discount, deferred fee
income and expense recognition for
investments with irregular monthly payments


Calculate income and expense from
Begin dates forward
Or ....
Preserve and amortize current balances.
For any month.  An entire year.


The software operates on
  •  Your PC or
  •  Your network


Maintain records in:
  •  Your file or
  •  An Excel template we provide


Import entire file to the software
  •  Run reports
  •  View, print, export reports


Free trial system
  •  Nothing to install
  •  Create a temporary folder
  •  Unzip a file
  •  Run the program
  •  Delete folder when done
Prospective, Retrospective amortization software
for a file with multiple records


ASC-310-20 effective interest method amortization which adjusts net investment when actual prepayment activity is different
from anticipated prepayment activity.  Cash flow effective rate adjustments are compared to prior general ledger postings and
reflected in current month as
     •  P&L debit or credit with offset to
     •  Balance Sheet book value, carrying balance, cost basis


Scroll down for
     •  Highlights
     •  Price
     •  Free trial system


Complete accounting and reporting for dozens, hundreds, thousands of records at the same time
     •  Effective interest rate calculations
     •  Premium amortization
     •  Discount accretion
     •  Deferred income and expense
     •  Amortize and account for 1 to 4 unique deferrals per record
     •  General ledger reports and monthly postings
     •  Automatically adjusts net investment when actual prepayment activity is different from anticipated
         prepayment activity using Prospective and Retrospective recognition
     •  Auditing tools



An ideal solution for
     •  MBS portfolio
     •  GNMAs, CMOs, other syndicated loans, pools
     •  LSBO
               Participations
               Whole loan packages
     •  Other packaged loans
     •  Non-conforming individual loans
     •  Commercial and other loans
     •  Other premium and discount investments with structured or fluctuating payback



Anticipated Repayment Activity can be established as
     •  P&I amortizing
               P&I assigned by you or
               P&I calculated by the system to establish a forecasted cash flow
                    Typically for MBS and other unknown repayment schedules
               P&I, at your option, can also be recalculated by the software with each cash flow adjustment
     •  Interest only:
               As interest only and with
               Principal payments of a constant amount (e.g., $25,000 every three months)
     •  Balloons:
               Interest only with a balloon
               P&I over balloon period
               P&I over longer term such as 5 year balloon with 30 year P&I
               P&I over average portfolio life
     •  CPR - Conditional Prepayment Rate
                % reduction of remaining principal balance, such as 8.3% of this month's balance, then 8.3% of next month's balance
                CPR is typically excluded from Prospective, Retrospective calculations because "repayment" is not cash activity
  





 



 
 
























 

                                          CUSTOM SOFTWARE and SERVICES


Unique situation?  Unusual records?  New type of fees?
Different file layout?  File source?
Special internal or regulatory report?

Different configurations of the software or other products we offer may already meet your needs.
If not, we can write custom code and embed your private module within the existing nuts and bolts portion of the software.

For more information, please view Custom Software and Services

 
 

 











Existing records and deferral balances:

Option 1
        Preserve your existing book values.
        No adjusting journal entries.
        The software can begin amortizing deferred fee income and expense balances using current information.


Option 2
         Calculate prior and current book values.
         The software can amortize deferred fee income and expense from original dates using original data.


Option 3
          Begin amortizing from an "as of" date.
         Typically the beginning of a calendar or fiscal year using prior EOY balances. 
 









                                PRICE PAGE AND FREE TRIAL SYSTEM



Price page and free trial system
Click to open and view Price page
Request a free trial system from the price page.
       •  Nothing to install
       •  Create a temporary folder
       •  Unzip a file
       •  Run the program
       •  Delete folder when done
See how easy it is to use the software with your own records.



For more information, please contact us.

Call 1-800-245-8444 or email Support@fdssi.com

 


 
 
 
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