G - Physics – 06 – F
Patent
G - Physics
06
F
G06F 17/30 (2006.01) G06F 17/60 (1995.01)
Patent
CA 2260481
An automated method and system for general accounting generation for common sub ledger processing utilizes a computerized accounting engine to generate accounting entries related to financial products. The accounting engine receivesinformation about a transaction related to a financial product, automatically identifies a transaction event from the transaction information, automatically selects a pre-defined accounting rule pertaining to the transaction event, and automatically generates the accounting entry for the transaction event according to the selected accounting rule. The accounting engine also automatically formats the accountingentry for the sub ledger. The formatted accounting entry is automatically posted by the sub ledger, and account data related to the accounting entry is automatically processed by the sub ledger. Automatically processing the account data by the sub ledger includes, for example, receiving the account data, controlling an edit of the account data, converting and revaluing foreign currency elements of the account data, generating reports related to the account data, maintaining data tables related to the account data and maintaining security of the account data.
Bakhale Vivek
Kingdon Ray A.
Kovvali Sathy N.
Citibank Canada
Dimock Stratton Llp
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