Income Statement Items

The window where Income statement items are entered can be accessed in two ways:

• Open the Audit tab → Click the Audit approach button → Open the Income statement items system element
• Open the Statements tab → Click the Income statement button → Click the Nomenclature button

Items

• Name - the name of the item
• Code - the code of the item used for the calculation of Financial indicators and Materiality indicators
• Value calculation - the model by which the item value will be calculated. When calculating the item value, the program always adds the corrections which were entered in the Income statement. The valid values are:
  
  • No calculation - only the corrected value is used
  • Child items - the sum of all child items is used
  • Formula - the formula which was set up is used
  • Formula and child items - the sum of the child items and the value of the selected formula is used
• Values - specifies when to display the calculated value:
  
  • Only negative values - only the negative value is used. If the calculated value is positive, it will be displayed as 0.
    
  • All values - all values will be displayed, regardless of their sign
    
  • Only positive values - only the positive value is used. If the calculated value is negative, it will be displayed as 0.
• № - the serial number indicating the order of the items. Every time you save the setting, the numbering will be updated.

Calculation Formulas

This section is filled in when a selected item is calculated by a formula. The available columns are:

• +/- column is filled in depending on whether the sum received for the row will be added or subtracted when calculating the item value
• Filter type - specifies how to apply the calculation data
  
  • Selected item - selects all accounts associated with the item (when mappings are set up in the Chart of accounts)
    
  • Account code - selects specific accounts, depending on the settings in the Operator and Filter value columns
    
  • Item code - selects Income statement items, whose accounts will be used during calculation, by their code
    
  • FS item code - selects Financial statement items, whose accounts will be used during calculation, by their code
    
  • Entered item value - only manually added values in the Add to calculated value column when editing income statement
• Operator - defines under what condition the calculation formula will be applied: Equal, Not equal, Is like, Not like
• Filter value - enter the value that will be used when the Operator is applied. When the Is like operator is used, the symbol % can be used as a wildcard character for random symbols.

For example: 10% will mean everything that begins with 10

• Value - select the column in the Trial balance

Import and Export

AuditDesktop enables you to transfer item settings from one audit engagement to another. The data is saved in an XML format. To do so, use the Import and Export buttons.

When loading new settings, if the program finds an old item whose Code is identical to some of the new ones, it will update this item in accordance with the new settings (Name, Location, Formulas), but at the same time, the program will preserve all its connections (Materiality, Risks, Control activities, Dependencies, etc.).

Item Arrangement

To arrange or reorder items, perform the steps:

1. Click on the table's indicator to select the record.
2. Hold the mouse button pressed down and drag the record to the desired position.
3. When you reach the position, release the mouse button.

To make changes in the hierarchy of elements, move the cursor to the right or to the left, depending on whether the item that you are moving will be a neighbour or a child element.