System and method for computing a financial projection of a prefunding program for other postretirement employee benefits under FASB statement 106
First Claim
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1. A digital electrical computer and data processing system comprising:
- a digital electrical computer, an input device for inputting data electrically connected to the digital electrical computer, and an output device electrically connected to the digital electrical computer, wherein the digital electrical computer is controlled by a computer program to form a programmed digital electrical computer for processing input electrical signals, the input electrical signals being produced in response to information entered at the input device, the information including a description of a taxable trust, a description of life insurance contracts, and respective projections for expenses, liabilities, and cash flows for corporate benefits defined by Statement 106, the processing including modifying the input electrical signals into output electrical signals representing a projection of a prefunding program for Other Postretirement Employee Benefits under the Statement 106, the output electrical signals being communicated to the output device which, in response to the output electrical signals, generates a depiction of the projection.
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Abstract
A computer system, and a method for using the system, for computing financial data, the computer system including a digital computer connected to receive information representing a description of a taxable trust and a description of life insurance contracts from data input means, to output computed data to a data presentation means, and to save said output data to a means for electronically storing output data; and means for automatically controlling the computer to compute the data from the information, the data representing a financial projection of a prefunding program for Other Postretirement Employee Benefits under FASB Statement 106.
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Citations
7 Claims
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1. A digital electrical computer and data processing system comprising:
a digital electrical computer, an input device for inputting data electrically connected to the digital electrical computer, and an output device electrically connected to the digital electrical computer, wherein the digital electrical computer is controlled by a computer program to form a programmed digital electrical computer for processing input electrical signals, the input electrical signals being produced in response to information entered at the input device, the information including a description of a taxable trust, a description of life insurance contracts, and respective projections for expenses, liabilities, and cash flows for corporate benefits defined by Statement 106, the processing including modifying the input electrical signals into output electrical signals representing a projection of a prefunding program for Other Postretirement Employee Benefits under the Statement 106, the output electrical signals being communicated to the output device which, in response to the output electrical signals, generates a depiction of the projection. - View Dependent Claims (2, 3, 4, 5, 6)
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7. A method for using a digital electrical computer and data processing system, the method comprising the steps of:
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providing a digital electrical computer and data processing system comprising a digital electrical computer electrically connected to an input device for inputting data and to an output device; programming the digital electrical computer to receive input electrical signals produced in response to information entered at the input device, the information including a description of a taxable trust, a description of life insurance contracts, and respective projections for expenses, liabilities, and cash flows for corporate benefits defined by Statement 106, to process the input electrical signals into modified electrical signals representing a projection of a prefunding program for Other Postretirement Employee Benefits under the Statement 106, and to output the modified electrical signals to the output device so that a depiction of the projection is produced at the output device; and entering the information at the input device, processing the input electrical signals with the programmed digital electrical computer, and producing the depiction.
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Specification