Revaluing Securities

Revaluing Securities

It will sometimes be necessary to revalue securities that the organization has in inventory to reflect changes in the market value. FIMS allows you to do this globally, so that all inventory in the stock is revalued automatically.

1. In the Gift Securities Inventory Data Grid, select the Security that you want to change, and then click the Corporate Actions tab.
2. On the Corporate Actions tab, select Revalue Security and then click the Run Process button. The Revalue Security window opens with the selected Security listed in the Security field. You can also click the Lookup button and select a different security.

   NOTE: If the Security has been revalued previously, the Last Updated date and user name appear in the center section of the window and the last updated Date Priced, Day’s High, Day’s Low, and Price values appear on the right-hand side of the window. These are read-only fields that are used for informational purposes.

   Revalue Security Window  
   

3. Enter the Date Priced. The default value is today’s date.
4. Enter the new Day’s High, and Day’s Low values. FIMS will automatically calculate the New Price as the average of the high and low values.

   NOTE: You can edit the New Price to reflect the closing price for the day, if desired.

5. (Optional) If you want to update the security prices based on the new values, select the Update Security Prices checkbox.
6. (Optional) If you want to update the security positions to use the average cost,
7. select the Update Positions ot Use Average Cost checkbox. The Average Cost field opens for editing.
8. Click OK.
9. Verify the Send To destination, and then click the Run Report button. The Revalue Security Report opens. This report provides information about the Security, the Fund ID, the amount of the unrealized gain or loss, the old and new Security market values, and the debit and credit accounts for the transaction.
   
   Example: Revalue Security Report
   
   

10. Verify the information in the report, and then click Post Revaluation on the FIMS Viewer menu bar.
11. Verify the debit and credit information and make a note of the Reference number.

    NOTE: The default Apply Date is today’s date. You should change this date to match the revaluation date.

11. (Optional) If the dividend is going to affect FACTS in a period that is different than the Apply Date, enter a FACTS Confirm Date.
12. Click OK. A confirmation window opens asking if you are sure you want to create G/L Journal entries.
13. Click Yes. A message window opens to tell you how many journal entries were created.