The Statement Summary View


What is the Statement Summary view

The Statement Summary view provides a business-focussed summary of the results of all of the major analyses carried out on your accounting data by Mamut Validis.

It provides a condensed form of your Balance Sheet and Profit & Loss statements, organised as defined by the Chart of Accounts uploaded with the data from your accounting software.

For each area of the accounts, the number of potential anomalies identified by Mamut Validis as a result of applying the accounting rules, trend deviations, exceptional values and unusual combinations analyses, and their value, is displayed against the category of the financial statements they affect directly.

The display also allows you to focus in on any area of particular interest and view full details of the Mamut Validis results.

How to use the Statement Summary view

To obtain the Statement Summary view, follow the steps described below.

  1. Select the menu option Data Analysis - Statement Summary.

    The Statement Summary screen is displayed; initially showing information about your Profit and Loss issues.

  2. Period: In order manage the volume of historical data stored and relevancy of results returned, the user can choose to limit the periods for which they view results for.

    Materiality
    : When Mamut Validis carries out an analysis of your accounting data, it examines each transaction and stores the result of every test it performs. Depending upon the quality of the data it is asked to examine, the analysis may identify a large number of potential anomalies. However it is likely that most of these anomalies will involve small amounts, which may not be of particular interest to you. Read more under Managing Materiality Level.

  3. If appropriate, use the buttons at the top-right of the screen to change the statement summary being displayed, as follows:

    Displays details of your Balance Sheet.

    Displays details of your P&L.

  4. To view the analysis results underlying any of the items listed, simply click on the appropriate Issues or Transactions link.

    Issues
    : The Nominal Category Issues screen is displayed, showing full details of the analysis results.
    Transactions
    : This screen will display all transactions that make up the balance within that nominal category.

Downloading your Analysis

 You can download your analysis to an Excel spreadsheet using the Export to Excel button at the top right of the analysis screen. The download includes a summary worksheet containing the results of the analysis of your current view and accompanying worksheets, one for each issue found, enabling you to drill-down to the underlying transactions. Read more under Downloading to Excel for further details.


Read more about:

Downloading to Excel

Managing Materiality