Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Accounting
Patent
1996-09-05
1999-03-16
MacDonald, Allen R.
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Accounting
705 4, 705 30, 705 35, 705 36, 705 37, 705 40, 1 1, G06F 1900
Patent
active
058842837
ABSTRACT:
A method, computer program product and system providing management and control of the disposition of personal financial resources, taking into account the effects of inflation and deflation. The method is used to project target gross income, income taxes, after-tax income, living costs and savings over a period of time. The compounding effect of inflation (deflation) is applied to actual amounts for gross income, income taxes, after-tax income, living costs and savings to project targets for these amounts through the projected period by applying to the actual amounts the estimated rate of inflation or deflation and rates that are related to these rates. Actual inflation and deflation rates are used to determine and recalculate the inflation and deflation rates, and the rates that are related to those rates, and the recalculated rates are applied to the actual amounts to recalculate the targeted amounts. Variances between targeted amounts and actual amounts, which are calculated as actual figures are determined during the projected period, are produced.
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Statistical Abstract Of The United States 1988, 108th Edition U. S. Department Of Commerce, Bureau Of The Census, p. 410.
Cornelius Andrew J.
Irshadullah M.
MacDonald Allen R.
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