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Financial Statement Suite

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Financial Statement Suite

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95 results found

  1. It is ideal that IC recognizes the consistency between numbers in financial statements and those in the notes.
    For example, the number is described in the financial statement as 6,000,000 while it is described as 6 million in the note. It is great to recognize them as reference of IC and create a suggestion automatically.

    1 vote

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    New  ·  0 comments  ·  Internal Consistency  ·  Admin →
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  2. Ideally, Internal Consistency works for Key financial data(主要な経営指標等の推移) and creates suggestions automatically.
    This category comes at the very beginning of the F/S and auditors review them. This should help them review items that follow afterwards.

    1 vote

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    New  ·  0 comments  ·  Internal Consistency  ·  Admin →
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  3. In Japan's financial statements, FSS does not recognize PYC in B/S, P/L, S/S, Cash Flow Statement and tables in the notes.
    Ideally PYC is recognized in those tables and creates suggestions automatically.

    1 vote

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    New  ·  0 comments  ·  Prior Year Consistency  ·  Admin →
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  4. When having the dual-view in IC, it would be user friendly to be able to edit/move/control the tickmarks on the "Reference only" screen instead of having to scroll to the page to move. This was the functionality pre-V6.

    1 vote

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    New  ·  0 comments  ·  Internal Consistency  ·  Admin →
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  5. For numbers on the face of the financials or in tables that include foots and cross-foots, add a new tickmark (such as an "x") to show this number foots ("^") and cross-foots ("<").

    1 vote

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    New  ·  0 comments  ·  Mathematical Accuracy  ·  Admin →
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  6. Currently, you can only edit a calculation or create a suggestion by summing numbers together. It would be beneficial to create suggestions and edit calculations using subtraction. For example, being able to create a suggestion that subtracts total cost of sales from total net sales to calculate gross margin.

    Currently, the user would create the suggestion, it would automatically sum the numbers and flag as incorrect, and the user would then have to use the FSS calculator to perform subtraction and change the tickmark manually.

    5 votes

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  7. I would like to check the possibility of automatic purge terms in FSS projects via an administrator.
    We cannot retain customer documentation on the machine and this is a normal audit procedure.

    1 vote

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    New  ·  0 comments  ·  New Feature  ·  Admin →
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  8. In Mathematical Accuracy, the numbers in the table are added together in a number of ways and if they match the actual total value expressed, it is expressed as a Suggestion, but if they do not match, it is not expressed as a Suggestion. (False Negative)

    Even if there is not an exact match to a suggestion and if the gap between the summed result and the displayed total is small, it should be ideally marked as a Suggestion.

    2 votes

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  9. Sometimes it is necessary to take two sums and find the difference between them. For example, (Assets + Deferred Outflows) - (Liabilities + Deferred Inflows) = Net Position. Currently, this is only possible by summing all amounts and changing the signs on those technically being subtracted. I would like to be able to sum each set of numbers and copy the total amounts into the subtraction function or to use multiple calculator functions within one calculation.

    1 vote

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    New  ·  0 comments  ·  Mathematical Accuracy  ·  Admin →
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  10. When clicking on export, there are two options: either export with all tickmarks and findings or export only the findings.
    When choosing the second option, not all the comments we made on the report (by right-clicking) are included.
    Often, we have comments for the company regarding the design of the report or the text, so it is important that they receive these as well.
    I suggest adding an option to specify whether the comment is an exception or just for internal documentation.

    1 vote

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    New  ·  0 comments  ·  Export  ·  Admin →
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  11. When we run the financial statement suite, we get a whole bunch of “false errors” related to our Budget and Actual schedules. These are time consuming to clear out the error for our documentation purposes and I just wish I could train the system to recognize this schedule and know how it is supposed to foot.

    For example, the permits revenue line item had a final budget of 100,000 and an actual of 143,137. Because this is revenue, we are showing a favorable variance of 43,137. This is the correct answer. However, Data Snipper wants to add the Actual and…

    2 votes

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  12. Distinguish note numbers and amounts in Japanese financial statements.
    (This request is regarding feedback URL, https://feedback.datasnipper.com/forums/952747-financial-statement-suite/suggestions/47159251-recognize-special-characters)

    In Japanese financial statements, amounts come with note number, e.g. ※1-9 (note number) 123456789 (amounts).
    After Ver6.1 DataSnipper recognize ※ as symbol to describe note number.
    At the same time note number is recognized as part of financial number.
    e.g. When revenue is described as “※1 123456789” DataSnipper recognizes the text as 1123456789.

    Users are not able to fix this by FSS calculator and this occurs very frequently.

    14 votes

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  13. Offer the option to choose weather to run OCR on all or just particular documents when importing docs to a tick and tie project.

    5 votes

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    New  ·  0 comments  ·  New Feature  ·  Admin →
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  14. The note numbers are driven by how Government Treasury (sets the financial reporting requirements for our state entities) has set up their example statements. Sometimes the note numbers are formatted this way (B1-1, B1-2, B1-3, etc) and currently when doing IC test, it does not provide any suggestions. It would be helpful if DataSnipper algorithm can detect these note numbers for IC checks and provide suggestions.

    3 votes

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  15. Using the internal consistency (IC) check, it’s the same onerous clicking problem as the PY consistency tool. You have to click on the reference that matches and then you have to click on the blue or red IC. Again, it would be helpful if it just automatically added the blue PY as a default.

    1 vote

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    New  ·  0 comments  ·  Prior Year Consistency  ·  Admin →
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  16. In some cases the tool is not picking up all the PY numbers in the PY check and then I need to manually add the PY’s. When you have to manually click each item twice (click the number and then click which PY (red or blue) and then click elsewhere in the doc to close the box the pops up, it’s very time consuming. I’m wondering if there’s a way to: a) highlight a series of numbers in a row to apply the tickmark to all at the same time AND b) to automatically have it add the blue PY…

    1 vote

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    New  ·  0 comments  ·  Prior Year Consistency  ·  Admin →
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  17. Comment regarding IC red to blue where the comment must be manually removed regarding “internal inconsistency noted”. It would be nice if it could be automatically deleted if the tickmark color changed to blue.

    2 votes

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  18. When automatic suggestion for internal consitency are not given (which is the case in 99%) a user should manually do the ticking. In FSS in DS version 6 the user first needs to click on the number, then on the reference and then on the tickmark. This is one click more than in version 5.

    It would be better if a user could click on the number in the balance sheet and P&L and immediatly can click on the reference and makes the tickmark. And the tickmarking is done automaticaly when there is only one reference.

    2 votes

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  19. 1)In case of PY findings the tool is not showing the corresponding figures in PY FS with which the figure in Current year FS has been compared and shown as finding. This could be done in previous manual version.
    2)Also the inefficiencies have increased while performing PY check in current version.

    15 votes

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  20. From delivery perspective, mathematical accuracy check is not performed for Prior year figures however DS5 also adds stamps for PY numbers automatically which is to be individually removed in post extraction stage. This will lead to an impact on overall efficiency as increased time will be taken to remove the additional stamps.

    17 votes

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