Unpaid overtime can be routine on salaried positions. Data transaction processing and related expense tracking has typically involved intensive manual effort and, in instances where automatic processing has been used, intensive user intervention. The documents below provide general information used in determining the occupational series, title, grade, and pay system for positions . Many PSTS management methods originated decades ago, yet are still relatively ad hoc, relying heavily on the independent judgment of partners, project managers, resource managers, and practitioners. It should be understood, however, that the intention is not necessarily to limit the invention to the particular embodiments described. In sole proprietorship and partnership, an account titled as drawings account is used to account for all withdrawals. The enterprise service provider (ESP) sets a network access server (NAS) and provides the remote users with desktop client software for their computers. For instance, when data on invoices or other documents is manually coded to accounting codes, there is significant opportunity for individuals to inadvertently, or sometimes even deliberately, misunderstand classification policy and record the expense against the wrong accounting code. Broadly, the accounts are classified into three categories: Personal accounts Real accounts Tangible accounts Intangible accounts Let us go through them each of them one by one. Utilization is the percent of time a resource is billable or contributing to investment. Interaction data from an accounting document and another source (e.g., another document and/or a user profile source) is used to assign data from the accounting document into one or more particular interaction categories. With these approaches, business interaction data is automatically categorized into groups that can be used to identify documents and other business interaction data under selected accounting functions. Besides these, any revenue received in advance is also a liability of the business and is known as unearned revenue. RELATED PATENT DOCUMENTS The present invention is directed to data processing interactions and, more specifically, to the processing and management of data processing interactions involving the transfer of goods and/or services, as well as the management and tracking of accounting date (e.g., expenses and revenues) related to the transfer of goods and/or services as well as other transaction . On the other hand, the present invention provides a set of integrated measurements that does. For example, pre-payment reconciliation and auditing for a particular business transaction are often automatically carried out electronically at a transaction processor. an Operating Expense per hour (OE/h), wherein OE/h is equal to (direct labor costs for the project plus allocated overhead costs) divided by available hours. It should be understood that at least some aspects of the present invention may alternatively be implemented in a computer-useable medium that contains a program product. identify, in response to and as a function of the associated transaction data, line item accounting data, and. Utilization correlates with T (and sometimes I), while occupancy equates to activation. The identification data includes, for example, an identification number or alphanumeric term that is specific to the business entity (or to a particular transaction party). These steps include verifying if the patent is still in force, reading the patent application documentation and estimating the present value of future cash flow streams from the patent. 1. The Timing of Obsolete Inventory Recognition You can improperly alter a company's reported financial results by altering the timing of the actual dispositions. Debits decrease revenue, liability and shareholders' equity accounts. Holidays, vacation, and sick days are counted in available time but are not billable, so resources have utilization less than 100%, unless they work billable overtime. W2 Position classification standards and functional guides define Federal white collar occupations, establish official position titles, and describe the various levels of work. The businesses usually maintain separate accounts for revenues and all incomes earned by them. For example, a marketing firm may receive marketing fee from its client for the forthcoming quarter in advance. For instance, speed itself has value because a project completed early not only positions the provider to start another project, it starts the client's benefits sooner. CPU units are units of time such as minutes, seconds, hours on the central processor of the server. ); ENTITY STATUS OF PATENT OWNER: LARGE ENTITY, Free format text: Facilities are places from which services are delivered, such as consulting offices, contact centers, data centers, network operations centers, and research laboratories. When transaction data includes accounting-related data, the transaction processor, In one implementation, the transaction processor, In some instances, the transaction processor, In another implementation, the transaction processor, In another example embodiment, the transaction processor, When information exchange is controlled with transaction information and one of the nodes, In one particular application involving the maintenance of an accounting structure as discussed above, accounting-type data such as accounting codes is loaded into the accounting structure via a data interface exchange with the business entity's accounting system. An account shows the summarized records of transactions related to a concerned person or thing. FROG MARKETING, UTAH, Free format text: The system also includes an auditing processor configured and arranged, for transaction data associated with a transaction for which payment is to be made, to retrieve auditing rules for the associated transaction party and audit the transaction data using the auditing rules. PDD can measure fully completed, partially completed, or planned engagements so long as the numerator and denominator are consistent. For example, a semiconductor company may license its patents to manufacturers, thus generating a steady cash flow stream for the life of the patents. Consequently, standard rates can make engagements appear more profitable than they really are, or vice versa. In balance sheet, the balance in allowance for doubtful accounts is deducted from the total receivables to report them at their net realizable value or carrying value. We have covered all the elements of accounting. Since most investments are used by multiple projects and processes over time, allocating I would be largely arbitrary. Standards & Guidance. Bid and proposal (B&P) covers service requirements, client and service provider responsibilities, schedules, prices, and anticipated client benefits. A new version of the IPC enters into force each year on January 1. ASSIGNMENT OF ASSIGNORS INTEREST;ASSIGNOR:RICKETTS, JOHN A.;REEL/FRAME:017100/0611, Free format text: Although PSTS enterprises have more difficulty than manufacturing or software enterprises when subordinating non-constraints, PSTS enterprises have more flexibility when elevating a constraint (increasing its capacity) such that: Administrative support frees a constrained resource for more-critical tasks. Companies account for intangible assets much as they account for depreciable assets and natural resources. It identifies overhead cost drivers and traces indirect costs to each driver, then determines the percentage of the drivers consumed by each product or service. These factors made it reasonable to allocate overhead to products on the basis of direct labor costs for purposes of preparing financial statements. In financial accounting, a Cash Flow Statement, also known as Statement of Cash Flow, is a financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, and breaks the analysis down to operating, investing, and financing activities. Natural Personal Accounts: Natural Persons are human beings. According to an example embodiment, data based rules are implemented for classifying transaction-related data. Service levels include transactions processed, calls handled, problems resolved, etc. Accounting information is processed as a function of the data based rules and accordingly automatically classified. The title of a liability account usually ends with the word payable. Financial Accounting: As per the classification of accounting principles, Financial Accounting is another subtype of accounting. The present invention is exemplified in a number of implementations and applications, some of which are summarized below. But client satisfaction should also be measured so gains in PDD are not achieved by sacrificing quality. U.S. BANK NATIONAL ASSOCIATION,MINNESOTA, Owner name: Mentoring up-and-coming individuals can give them vital experience on critical tasks. use the associated transaction party identification from the association processor to retrieve the accounting data classification rules for the identified transaction party, the accounting data classification rules including information for classifying accounting data for the identified transaction party, and. Glossary. The chief difference between IPC and CPC is that CPC is far more detailed. In corporate form of business there are many owners known as stockholders or shareholders and the title capital stock account is used to record any change in the capital. Compared to manufacturing enterprises, decisions based on NP occur far more often in PSTS enterprises. And practitioners can work as many billable hours as possible to attain individual utilization credit. Assets are things or items of value owned by a business and are usually divided into tangible or intangible. PAYMENT OF MAINTENANCE FEE, 12TH YEAR, LARGE ENTITY (ORIGINAL EVENT CODE: M1553); ENTITY STATUS OF PATENT OWNER: LARGE ENTITY. The lettered items below represent a classification scheme for the concepts of financial accounting. Transaction accounting payment and classification system and approach. According to modern approach, the accounts are classified as asset accounts, liability accounts, capital or owners equity accounts, withdrawal accounts, revenue/income accounts and expense accounts. If they didn't, they could grow indefinitely. The present invention relates in general to the field of computers and similar technology systems, and in particular to software utilized by such systems to implement methods and processes. A method for processing payment and classifying accounting data for a plurality of disparate transaction parties, the method comprising: receiving and storing, in a database, for each of the disparate transaction parties, user profiles, auditing rules and accounting data classification rules; accessing the user profiles including information about each transaction party involved in a transaction for controlling each transaction party's access to a transaction processing system and for associating the received transaction data with one of the transaction parties; associating the received transaction data with transaction party identification data as a function of the user profiles and information in the received transaction data; retrieving the auditing rules for the associated transaction party, the auditing rules including information for authorizing payment for the disparate transaction parties involved in the transaction and on behalf of at least one of the disparate transaction parties; auditing the received transaction data using the auditing rules; authorizing payment for the transaction as a function of the audit; and. Prices based on billing rates are driven by costs rather than client value. However, the increase in the number of filed patents and the complexity of the documents make the classification task challenging. d. 25. Examples of intangible assets include goodwill, trademarks, copyrights, patent rights and brand recognition etc. Yet ever since automation came to dominate manufacturing and workers came to be paid by the hour, allocation of large overhead costs on the basis of small labor costs has created distortions. Other measurements of use include but are not limited to network bandwidth, memory usage, storage usage, packet transfers, complete transactions etc. a Ranking and prioritization of projects; a Business process associated with the project; a list of Controlling projects and processes; implement a throughput accounting system for a Professional, Scientific, and/or Technical Services (PSTS) enterprise, the throughput accounting system comprising the steps of: a Throughput (T), said Throughput being the rate of cash generated through deliverables and service levels, and is computed as sales price minus truly variable costs; an Investment (I), said Investment being all money invested in service production systems, facilities, skills, intellectual capital (IC), assets, and bids & proposals (B&P); and. Client requirements usually change while engagements are underway, which can shift the constraint or create multiple constraints. The account used for recording such distributions is known as dividend account. A system for processing payment and classifying accounting data for a plurality of disparate transaction parties, the system comprising: means for receiving and storing for each of the disparate transaction parties, user profiles, auditing rules and accounting data classification rules; means for accessing the user profiles including information about each transaction party involved in a transaction for controlling each transaction party's access to a transaction processing system and for associating the received transaction data with one of the transaction parties; means for associating the received transaction data with transaction party identification data as a function of the user profiles and information in the received transaction data; means for retrieving the auditing rules for the associated transaction party, the auditing rules including information for authorizing payment for the disparate transaction parties involved in the transaction and on behalf of at least one of the disparate transaction parties; means for auditing the received transaction data using the auditing rules; means for authorizing payment for the transaction as a function of the audit; and. Irrespective of the basis used in valuing patents, copyrights and trademarks, a valuation once placed upon such assets is subject in somem events to extraordinary fluctuation. Instead, TAM begins with these financial measures: Throughput (T) is the rate at which money is generated through sales. An engagement that uses a mix of resources at lower salary bands has lower OE/h, so OE/h also varies across engagements and over time. The auditing rules generally include information for authorizing payment for transaction parties, with the auditing processor further authorizing payment for the transaction as a function of the audit (e.g., when the audit indicates that the information in the transaction document meets criteria specified in the user profiles as a requirement for payment approval). ABANDONED -- FAILURE TO RESPOND TO AN OFFICE ACTION. Thus, resource management for PSTS sizes resource buffers based on variability, availability, and criticality of each skill group. Home Explanations Introduction to financial accounting Classification of accounts. IAS 38 outlines the accounting requirements for intangible assets, which are non-monetary assets which are without physical substance and identifiable (either being separable or arising from contractual or other legal rights). A method, system and computer-usable medium that includes: inputting a Throughput (T), an Investment (I) and an Operating Expense (OE) into a Throughput Accounting logic to create performance measures, resource measures, decision support measures and control measures; storing the performance measures, resource measures, decision support measures and control measures in a database; and inputting queries and contents of the database into a decision support logic to create a supported decisions output. Delegating tasks to junior resources also frees a constrained resource. A separate account for each asset is maintained to account for increases and decreases in that asset. wherein the regulatory standard includes a plurality of codes consistent with at least one of Generally Accepted Accounting Principles (GAAP) standards and the Sarbanes-Oxley Act. Patent documents have "classification symbols" to facilitate finding and extracting relevant information from them. For example, a merchandising company may have some investment in an oil company. In general, the higher the value of PDD, the better. tax processing in connection with a sale, International Business Machines Corporation, Walker Asset Management Limited Partnership, Geneva Branch Of Reuters Transaction Services Limited, ASSIGNMENT OF ASSIGNORS INTEREST;ASSIGNORS:HAHN-CARLSON, DEAN W.;BECK, ELIZABETH A.;SUITS, DAVID A.;REEL/FRAME:016578/0559, U.S. BANK NATIONAL ASSOCIATION, MINNESOTA, ASSIGNMENT OF ASSIGNORS INTEREST;ASSIGNOR:U.S. BANCORP LICENSING, INC.;REEL/FRAME:020492/0862, ASSIGNMENT OF ASSIGNORS INTEREST;ASSIGNOR:U.S. BANK NATIONAL ASSOCIATION;REEL/FRAME:023254/0091, RELEASE BY SECURED PARTY;ASSIGNOR:BATEMAN IP LAW GROUP, APC;REEL/FRAME:032660/0531, PAYMENT OF MAINTENANCE FEE, 8TH YEAR, LARGE ENTITY (ORIGINAL EVENT CODE: M1552), MAINTENANCE FEE REMINDER MAILED (ORIGINAL EVENT CODE: REM. PDD quantifies the NP produced each day by projects or processes. d. determining free cash flows. These types of transaction documents include information associated with the transaction that is used by parties to the transaction to monitor and process the transaction. Moreover, other parties to the transaction wishing to obtain transaction data may well need to obtain specific access to the party's codes for classification of the data. Revenue data can be processed in a manner similar to the above-discussed processing of expense data. For a given skill group, excess resources are measured in relation to the target resource buffer, also known as the ideal bench level. The size of the target buffer increases with variability and criticality, but decreases with availability. (Example: Tata motors Pvt. While certain aspects of the present invention have been described with reference to several particular example embodiments, those skilled in the art will recognize that many changes may be made thereto without departing from the spirit and scope of the present invention, aspects of which are set forth in the following claims. Yet PSTS enterprises must take risks to win business, and those risks create the possibility that some projects will become troubled. Intangible assets normally include non-physical items and rights. a. assessing a company's risk. Examples include accounts payable, bills payable, wages payable, interest payable, rent payable and loan payable etc. Withdrawals are cash or assets taken by a business owner for his personal use. In April 2001 the International Accounting Standards Board (Board) adopted IAS 38 Intangible Assets, which had originally been issued by the International Accounting Standards Committee in September 1998.That Standard had replaced IAS 9 Research and Development Costs, which had been issued in 1993, which itself replaced an earlier version called Accounting for Research and Development . The unique characteristics of PSTS require different management methods than the other sectors. Another type of incompatibility that has made transaction processing difficult is related to the common scenario wherein reference numbers or codes used by different parties to identify a particular transaction or to identify data within a transaction are not compatible. Resource managers can maintain a sizable bench to ensure skills are available. Research and Development. Additional costs also arise as a result of existing inefficiencies in a variety of transaction-processing approaches. ASSIGNMENT OF ASSIGNORS INTEREST;ASSIGNORS:HAHN-CARLSON, DEAN W.;BECK, ELIZABETH A.;SUITS, DAVID A.;REEL/FRAME:016578/0559, Owner name: In fact, without reliable accounting classification, a company's profit and loss (P&L) statement generally does not provide a reliable indicator of the company's financial health. Personal Accounts We further classify these as: Natural Personal Accounts Artificial Personal Accounts Representative Personal Accounts Let us study these accounts in detail. Throughput Accounting is a radical alternative. It is necessary to know the classification of accounts and their treatment in double entry system of accounts. The following are the general list categories of fixed assets: Buildings include an office building, warehouse, and other similar kinds. Although utilization and occupancy are similar in concept and computation, they are far from identical. Measurements are essential for effective management because they (a) communicate information used in decision making and (b) affect how people behave. Program instructions that pass parameters from the process software to the software applications will be checked to ensure the parameter lists matches the parameter lists required by the process software. IPC first published in 1968 and the latest (eighth) edition was . Instead of using a dedicated, real-world connection such as leased line, the VPN uses virtual connections routed through the Internet from the company's private network to the remote site or employee. 119 to U.S. GAAP permits only patents acquired from third parties to be recorded in your balance sheet and amortized. Credits also increase contra asset accounts, such as accumulated depreciation and accumulated amortization, which reduce the book value of tangible and intangible assets, respectively. Classification of Accounting Personal: In this segment, all persons, who are either give something or takes something, are placed Individual - Individual personal accounts are for any living person like you & me. Intellectual capital creates resource leverage by reducing labor requirements. In some instances, the processing involves assigning accounting codes to the accounting information. Occupancy is a measure specific to contact centers. Proper accounting classification of accounting data is key to corporate compliance with rules related to the Generally Accepted Accounting Principles (GAAP) standards in general and Sarbanes-Oxley Act in particular. A list of charts with the classification and normal balance. According to another example embodiment of the present invention, a transaction processing system is adapted for processing payment and classifying accounting data for a plurality of transaction parties. And the following measure shows the impact of investment decisions: To minimize unfavorable deviations from plans, these control measures should be minimized: Throughput Dollar Days (TDD)=selling price of late order*days late, Inventory Dollar Days (IDD)=selling price of excess inventory*days unsold. For one thing, standard billing rates are planned, while T/h is observed. Whereas manufacturing is in control when TDD is zero, PSTS is in control when PDD is within or rising above its normal range. The USPTO has also developed an auto-classification AI tool that can classify patent applications according to the Cooperative Patent Classification ("CPC") system. Parsing electronic documents and other types of data in order to identify and categorize transaction data can be a time consuming and expensive task, while also being highly susceptible to error. For a recap: assets are properties owned by a business; liabilities are obligations to other parties; and, capital refers to the portion of the assets available to the owners of the business after all liabilities are settled. For Example: when the entity deals with various suppliers and customers, each of the suppliers and customers will be a separate account. ASC 842 strives to fundamentally record all leases on the balance sheet. inputting queries and contents of the database into a decision support logic to create a supported decisions output. Rights and brand recognition etc also a liability of the documents below general... Classify these as: natural Personal accounts Artificial Personal accounts We further classify these as: natural Personal accounts us. Each of the IPC enters into force each year on January 1 treatment double! Information is processed as a function of the business and is known unearned! 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