Frequently asked questions for DataSnipper's Financial Statement Suite module
Does Financial Statement Suite only work for numbers?
Financial Statement Suite only performs tests on numerical values (excluding numbers within a paragraph of text). If you would like to check the consistency in disclosure you can run version comparison outside of the financial statement suite which will outline all changes (not just numeric).
Can you manually perform a mathematical accuracy check with Financial Statement Suite?
Yes, selecting the calculator icon (top right) allows you to manually add up numbers. After selecting the calculator, you can drag and select the amounts you want to add up to verify if they are mathematically correct.
Why do some numbers require manual calculations, i.e., why are some differences not highlighted)?
DataSnipper will suggest items that are inaccurate if it is reasonably certain that the amount should have been summed together. If the difference is too large, DataSnipper assumes that the amount was not meant to sum up. Selecting the calculator icon (bottom right) allows you to manually add numbers.
Can tickmarks be customized?
Yes. Each user can create custom tickmarks by selecting any tickmark already applied and selecting custom tickmarks. From here, the tickmark can be updated to a previously created custom tickmark or a new one can be created.
Is it possible to check for Internal Consistency between a Trial Balance and a Financial Statement report using the Financial Statement Suite?
No. When using Financial Statement Suite it is not possible to perform this test. Nonetheless, Document Matching could be used to perform it. The data from the trial balance can be used as input, to be searched in Financial Statement report.
Is DataSnipper able to recognize negative numbers within Financial Statement Suite?
Yes, DataSnipper can recognize a number that is negative if it is inside brackets or has the minus sign before or after the number. If it is not immediately recognized as a negative number, use the Recognize Text feature to overwrite previous text layers using DataSnipper’s OCR technology.