Financial Accounting and Reporting Solutions Bond Accounting System

The Information Technology, Inc. Bond Accounting System (BAS) is a critical element in a well-managed and profitable investment portfolio. Investment decisions are surrounded by an ever-expanding network of data. By providing reliable, concise information at the right time, BAS helps financial officers reduce the inherent risk in securities investment.

Features

• Complete accounting and analysis
• Five types of securities
• Automatic market pricing
• FASB 115 market value reporting
• Full on-line access
• Up-to-date accruals, amortization, accretion
• Analysis reporting and forecasting
• On-line buy and sell comparisons
• Six yield calculations and duration
• Record keeping
• Integration with the ITI General Ledger and Asset Liability Management Systems

Complete Accounting and Analysis

BAS is the total solution for the control and management of an investment portfolio. BAS is flexible enough to handle all types of investments that are available to financial institutions. Complete on-line access, on-line security control, transaction entry, automatic accrual, amortization and accretion, exception and analysis reporting, and standard ITI operating procedures are offered in BAS.

Five Types of Securities

BAS accommodates five general categories of securities: Interest Bearing Bonds, Interest Discount Bonds, Mortgage Backed Securities, Deposits, and Stocks/Funds.

Automatic Market Pricing

Market prices and yields are updated manually or automatically. If you choose the automatic method, up to nine Market Matrix tables can be maintained. For accounts that do not require a pricing table, prices and yields can be updated manually. Interactive Data, a company of the Dun and Bradstreet Corporation, also offers a comprehensive security pricing service for complete automation.

FASB 115 Market Value Reporting

FASB standard #115 calls for valuing securities in the general ledger at either market or book value, depending on whether the security is categorized as "Held To Maturity," "Available For Sale," or "Trading." Unrealized gains and losses are integrated with asset, income, expense and reserve accounts in the General Ledger.

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