Patent ID: 7685031
Filing Date: 2010-03-23
Classification: G06Q

Abstract:
1. A computer-implemented method for evaluating data sets comprising financial data, comprising: receiving data sets comprising financial data, each data set including at least a posting date and being indicative of a financial evaluation rule; specifying an evaluation period by entering an end date; sorting, using a computer, the data sets by posting date to provide an ordered sequence of data sets; creating an initial segment covering a time span from the posting date of the initial data set of the ordered sequence to the end date; adding a consecutive data set of the ordered sequence to the initial segment if the consecutive data set has the same posting date and financial evaluation rule as the first data set or, otherwise, splitting the initial segment into first and second segments; processing, by a computer, further consecutive data sets of the ordered sequence, wherein said adding occurs when a consecutive data set matches an initial data set, and said splitting of the initial segment into first and second segments occurs if the posting date of the consecutive data set is not the same as the first data set, wherein the first segment covers a time span between an initial posting and a consecutive posting date and the second segment covers a time span between a consecutive posting date and the end date, and further wherein said splitting also occurs if the posting date of the consecutive data set is the same, but the consecutive data set comprises a different financial evaluation rule; and evaluating the segments by performing a calculation using an algorithm for a segment having a base value calculated by a linear method, wherein said algorithm is designed to perform calculations of the required amounts simultaneously for all relevant postings in each period.