Statement Summary

Investigate inline with the financial statements.

The statement summary presents the results of the Validis analysis in the form of the financial statements.

By doing so, the user can easily see the impact of the potential anomalies that Validis has found on specific nominal categories and codes, and instantly ensures a focussed approach is taken to the accounts review.

This is then helpfully compared to the most recent complete year of accounts in order to give the potentially anomalous value some perspective and highlight the importance of reviewing these transactions.

As with the variance analysis, The Profit and Loss and Balance Sheet comparative figures are dynamically created within Validis by taking a copy of the Chart of Accounts held within your accounting package, meaning they reflect your specific business structure – there is none of the complex setup usually associated with business intelligence tools.

Configurability

The statement summary will display issues that:

• Correspond to the selected periods of data that are relevant to your task
• Are only of a value that is considered material, to ensure that the review is focussed on relevant and manageable amounts of data

Nominal Category Issues

To review the transactional detail of the potential issues discovered in the accounting data, click on the ‘issues’ link to the right hand side of the page that relates to the nominal category or code that needs further review.

The user will then be diverted to a page dedicated solely to the issues discovered in that nominal category or code, which are then clearly sub-divided by the type of analysis that has discovered the potential issue:

From here, by drilling down into the issues, the actual transactional detail itself will be displayed to aid in further review or clarification.

Materiality and the selected period for review can also be edited further on this page.

Nominal Category Transactions

To review the details of the transactions that make up the total actual balance of a nominal where issues have been discovered, click on the ‘transactions’ link to the right hand side of the page that relates to the nominal category or code that you wish to review.

The user will then be diverted to a page dedicated solely to displaying all of the transactions made in that particular nominal category or code during the selected time period.

By enabling the viewing of complete transactional detail for balances, the user can clearly see what the activity in the account has been during the selected period and perhaps why the potential issue has been recognised as such.

Materiality and the selected period for review can also be edited on this page.

Return to the features overview.