Configuring FASB Codes (1)

Screen ID:  Screen Title:  Panel Number:

UINTF-01 Configure FASB Codes 6470

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Access this screen by selecting Tool #252: Configure FASB Codes for Investments.

This is the first of two screens used to configure codes to indicate the FASB (Financial Accounting Standards Board) standard designation for each individual investment. Following are the typical codes used currently; you may configure any codes as needed:

001  Held to Maturity

002  Trading Account

003  Available for Sale

When printing the Investment Register/Schedule report, you may choose to sort the report based on FASB code, to group and subtotal by the FASB code assigned to each investment.

Click Add to proceed to the second screen.

To delete a code, select it and use Delete. If deleting a code that is used by existing investments, also be sure to remove the code from each investment record. If a code is deleted by mistake, simply recreate it.