Only for reference purposes

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• NAME – SATYAM GUPTA
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2. INDEX OF PPT ON IDEA
Introduction
AboutIdea
StartingaProject
ImportingtheData
PlanningtheAudit
IdeaPreVersion
BasicIdeaSolution

3.  Areas
 Summarization
 Ageing
 Gap Detection
 Generating Random Number
 Pivot table
 Monetary Unit
 Closing Variable
 Chart Data

6. What type of
Software is idea?

7.  IDEA is a fully featured Audit Management Software .
 It is designed to serve Startups, SMEs. IDEA provides end-to-end solutions designed for Windows.
 This online Audit Management system offers Dashboard
 Data Discovery, Data Visualization, Audit Trail at one place.
 You can also Get Detailed IDEA pricing as per your requirements.

8. 1. File > Import Assistant > Import to Idea .
2. Alternatively, on the operation toolbar click the Import to idea.
3. Select the format
4. In the Import assistant dialog box , select Microsoft access from the list
5. Click the Browse button next to the file namebox to select the Microsoft acess
database you want to import .

9. 6. Navigation to select file location
7. Click open
8. The select file dialog box close and the selected file name and the path appear in
the file namebox in the import assistant dialog box
9. Click next .
Starting a project

10. Steps of Importing Data
1.

11. 2.

12. 3.

13. 4.

14. 5.

15.  PLANNING AUDIT
 NOTIFICATION FOR MEETING
 OPENING MEETING
 FIELD WORK
 REPORT DRAFTING
 MANAGEMENT RESPONSE
 CLOSE MEETING
 FINAL AUDIT REPORT
DISTRIBUTION
 FOLLOW UP

16. The first version of Intellij IDEA
 It was released in January 2001 and was one of the first available Java IDEs with advanced code
navigation and code refactoring capabilities integrated. In 2009, JetBrains released the source
code for IntelliJ IDEA under the open-source Apache License 2.0
Second version of idea
 IntelliJ IDEA, a product of JetBrains, has established itself as one of the premier Integrated
Development Environments (IDEs) for Java. It is available in two versions, the Community
Edition, which is free, and the Ultimate Edition, which is a paid version.

17. Latest version
The new bug-fix update for IntelliJ IDEA 2023.2
is now available! You can update to this version
from inside the IDE, using the Toolbox App, or
using snaps if you are an Ubuntu user.

19. MENU BAR &
OPERATION TOOLBAR

20. FILE EXPLORER
DATABASE
WINDOW

21. FILEOUT
WINDOW
STATUS TOOLBAR

22. SUMMARISATION
The Summarization function in IDEA is very useful for grouping and creating unique records across
any database One of the lesser known and used utilities in the Summarization dialog box is 'Include
% in Output Database When the user clicks this box in the Summarization dialog the output
database will contain the following:
• Unique Grouping Field Reference Count of Items in the Unique Grouping Field Total of Chosen Value
Percent Total of Each Group to Total of all Groups So as an example - if I would like a report through
IDEA of customer wise sales on a sales ledger the summarization output database will contain
• Customer Code
• Customer Name

23. SUMMARISATION
• Count of Sales to the Customer
• Total Sales (Value)
• Total Sales (Percentage)
 Also, The advantage of having the percentage in the output database is improved
insight and visualization into my top customers - say customers composing my top 70%
of business.

24. AGEING
• The “Ageing” Function in IDEA lets you prepare an Ageing Report as on
a specific Date like say 31st March 2018. So you can Age “Open Purchase
Orders - Pending Delivery” as on 31st March 2018.
• While this can be a compelling Report for insight gathering and
Ordering pattern analysis the Aging is conducted on a fixed date viz 31st
March 2018.
• Now if we would like to make this Ageing repeatable through a Macro -
Visual Script or IDEA Script, future Aging Reports will always run on
31st March 2018 unless the Macros is manually edited each time or the
date changed in a pop up dialog input box through the IDEA Script.

25. • If you would like to make the Aging dynamic and repeatable on a floating system
date you can append a virtual numeric field titled “Age in Days” and use the
Criteria –
• Example - @Age(@Date(), Purchase Order Date)
• The above criteria will give you the difference in days between the current system
date whenever you run the Report and the Purchase Order Date
AGEING

26. For Completeness Check
• IDEA's Gap Detection can be applied to identify breaks in accounting
document series attributable to missing or cancelled entries.
• As an example on the revenue billing front Gap Detection can be applied
on the Sales Invoice Number to identify missing Invoices or on the Sales
Date to identify dates on which sales have not been made.
• So any pre-formatted, fixed length, sequential number or character or
date series can be subject to a Gap Detection in IDEA.
• Its a very convenient mode to apply accounting completeness checks.
Gap detection

27. Sampling
• Several types of sampling are :
1. Random sampling
2. Systematic sampling
3. Stratification sampling
Random sampling

28. Systematic sampling
Stratification sampling

29. Pivot Table Creation
To create a pivot table in IDEA software, you can follow the steps
below:
a) Open your source file, which is the database containing the data you want
to analyze.
b) On the Analysis tab, in the Categorize group, select Pivot Table
c) Select the field you want from the field list box and drag it to the appropriate
location on the pivot table
d) Repeat step 3 for all the fields you want to include in the pivot table

30. View of pivot table

31. Monetary Unit
 Monetary Unit Sampling (MUS) is a statistical sampling method used to
determine whether account balances or cash equivalents collectively contain any
misstatement. Each monetary equivalent is considered a sampling unit, so that
residuals in an array with a higher value have a proportionately higher probability of
selection
 IDEA software is a data analysis software that can be used to create an efficient
sampling methodology . It is designed to help auditors and accountants analyze
data and detect fraud or anomalies. IDEA software can import data from various
sources, including PDF, Excel, and CSV files, and it can work with over 50
accounting packages, such as QuickBooks, Sage, and Xero , IDEA software also
provides powerful audit analytics for deeper insights and comprehensive reporting
that gives auditors a full view of what’s happening