FUND ACCOUNTING

HACKENSACK, NJ-Global Investment Systems, in response to a mandatory amortization ruling in the Audit and Accounting Guide of Investment Services, has released the modification of MFACT, its mutual fund accounting and administration system. The modifications allow users to maintain tax and GAAP cost differences directly to the MFACT system, eliminating the need to maintain off-line spreadsheets for tracking book, or tax cost, differences.

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