Automated method for analyzing and comparing financial data
First Claim
1. An automated method of analyzing and comparing financial data, the method comprised of:
- gathering data from at least one field in at least two different financial statements;
determining the applicability of a first subroutine to the gathered data;
if applicable, applying the first subroutine to the gathered data;
determining the applicability of a second subroutine to the gathered data;
if applicable, applying the second subroutine to the gathered data;
determining the applicability of a third subroutine to the gathered data;
if applicable, applying the third subroutine to the gathered data, wherein at least one of the subroutines is applicable; and
electronically reporting the results of the first subroutine, the second subroutine, and the third subroutine to identify underlying factors which cause changes in revenue and cost, wherein the first subroutine is a volume variance subroutine, a mix variance subroutine, a net revenue change variance subroutine, a cost change variance subroutine, an exchange variance subroutine or a one-time subroutine.
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Accused Products
Abstract
An improved and automated method of analyzing data is provided. The method includes the steps of: gathering data from at least one field in financial statements from at least two different time periods or views; applying a volume variance subroutine against the gathered data; applying a mix variance subroutine against the gathered data; applying a net revenue change subroutine against the gathered data; applying a cost change subroutine against the gathered data; applying an exchange subroutine against the gathered data; applying a one-time subroutine against the gathered data; and reporting the results of the volume variance subroutine, the mix subroutine, the net revenue change subroutine, the cost change subroutine, the exchange subroutine, and the one-time subroutine.
77 Citations
19 Claims
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1. An automated method of analyzing and comparing financial data, the method comprised of:
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gathering data from at least one field in at least two different financial statements;
determining the applicability of a first subroutine to the gathered data;
if applicable, applying the first subroutine to the gathered data;
determining the applicability of a second subroutine to the gathered data;
if applicable, applying the second subroutine to the gathered data;
determining the applicability of a third subroutine to the gathered data;
if applicable, applying the third subroutine to the gathered data, wherein at least one of the subroutines is applicable; and
electronically reporting the results of the first subroutine, the second subroutine, and the third subroutine to identify underlying factors which cause changes in revenue and cost, wherein the first subroutine is a volume variance subroutine, a mix variance subroutine, a net revenue change variance subroutine, a cost change variance subroutine, an exchange variance subroutine or a one-time subroutine. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. An automated method of analyzing and comparing financial data, the method comprised of:
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gathering data from at least one field in at least two different financial statements;
determining the applicability of a volume variance subroutine to the gathered data;
if applicable, applying the volume variance subroutine against the gathered data resulting in volume variance data;
determining the applicability of a mix variance subroutine to the gathered data;
if applicable, applying the mix variance subroutine against the gathered data resulting in mix variance data;
determining the applicability of a net revenue change variance subroutine to the gathered data;
if applicable, applying a net revenue change variance subroutine against the gathered data resulting in net revenue variance data;
determining the applicability of a cost change variance subroutine to the gathered data;
if applicable, applying the cost change variance subroutine against the gathered data resulting in cost change variance data;
determining the applicability of an exchange variance subroutine to the gathered data;
if applicable, applying the exchange variance subroutine against the gathered data resulting in exchange variance data;
determining the applicability of a one-time variance subroutine to the gathered data;
if applicable, applying the one-time subroutine against the gathered data resulting in one-time variance data, wherein at least one subroutine is applicable; and
electronically reporting the output of the one or more applicable subroutines in the form of the volume variance data, the mix variance data, the net revenue variance data, the cost change variance data, the exchange variance data, and the one-time variance data to identify the basis for changes in profit, revenue, and costs. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19)
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Specification