Next Fiscal Year Estimated Calculations

At some point during the fiscal year, your organization may determine the payout per unit for Pooled Funds for the next fiscal year. As a result, you may wish to show that estimated amount as well as current estimates. This value should be made available from the point that it is known until the end of that fiscal year.

For each security, the calculation is Next Fiscal Year Investment Income = Next Fiscal Year Distributed Amount x Holding Units.

exclaim     In order for the system to calculate this value for a security, the Security record must contain a non-zero value in the Next Fiscal Year Distributed Amount field. The default value for the field is zero, so the result of this calculation will always be zero unless another value has been specified in the field. At the end of the fiscal year, the field is once again set to zero by the fiscal year end batch process.


Update Corpus Records Process