The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
May. 17, 2011
Filed:
Aug. 30, 2007
Jason Aron Alonzo, Fair Oaks, CA (US);
Ann Scullion, Livermore, CA (US);
John Leong Yee, San Mateo, CA (US);
Umesh Madhav Apte, San Ramon, CA (US);
Jason Aron Alonzo, Fair Oaks, CA (US);
Ann Scullion, Livermore, CA (US);
John Leong Yee, San Mateo, CA (US);
Umesh Madhav Apte, San Ramon, CA (US);
Oracle International Corporation, Redwood Shores, CA (US);
Abstract
A reconciliation process identifying financial assets in a financial system that do not also exist in the real world, such as is indicated in a discovery system, generates a list of exceptions that can be examined by type of exception. The list of exceptions also includes aggregate financial impact information for the exceptions, such as aggregate cost, fair market value, and net book value. An interface allows a user to view the financial impact information and better decide how to handle the assets corresponding to the exceptions, such as by retiring at least some of the assets, routing some of the exceptions to another user better able to handle the exceptions, or storing the list so that an investigation can be done into at least some of the assets. The financial impact information becomes particularly critical near quarter-end and year-end, as any material impact to the books requires timely disclosure.