Configuring Financial Application Settings

Most financial calculations require that you define certain general parameters that affect the results they produce. For example, you need to specify whether you use a 360-day or 365-day year, whether payments are made at the beginning of a period or end of a period, etc.

The following are settings required by the Financial application.

Default settings

Configure default settings using the Financial Format dialog box. These settings are applied whenever you add a new page with the Financial application.

Local settings

Configure local settings on the Format tab of each page, or by tapping the status bar. Local settings are applied to the currently displayed page only.

Local settings are generally applied to the currently displayed page only.

Note, however, that if you have one page displayed (Page A) and then add a new page (Page B), the initial settings of any Page B local setting items that are also on Page A will be those inherited from Page A. Default

settings will be applied as the initial settings of items on Page B that are not also included on Page A.

The table below shows setting items for each type of Financial calculation.

 

 

 

Financial Calculation

 

 

 

Simple

Compound

Amortization

Day Count

Bond

Break-even

Setting Items

Interest

Interest

 

 

Calculation

Point

 

 

 

 

 

 

 

Days in Year

Yes

 

 

Yes

Yes

 

Payment Date

 

Yes

Yes

 

 

 

Date Format

 

 

 

Yes

Yes

 

Automatically copy

 

 

 

 

 

 

common fields to

Yes

Yes

Yes

Yes

Yes

Yes

new calculation

 

 

 

 

 

 

Odd Period

 

Yes

 

 

 

 

Compounding

 

 

 

 

Yes

 

Frequency

 

 

 

 

 

 

 

 

 

 

 

Bond Interval

 

 

 

 

Yes

 

Profit Amount/Ratio

 

 

 

 

 

Yes

Break-Even Value

 

 

 

 

 

Yes

 

 

 

 

 

 

 

The “Date Format” and “Automatically copy common fields to new calculation” setting items in the above table can be configured on the Financial Format dialog box only.

The “Automatically copy common fields to new calculation” option is automatically applied (and is the only option available) for any setting item that is not included in the above table.

For details about each of the setting items, see “Financial Format Dialog Box” (page 39).

Chapter 11: Financial Application

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